Databricks, Stripe, Dynatrace Lead Wave of Acquisitions in Open-Source Tech Sector

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Several major acquisitions and funding rounds defined this week in commercial open-source software. Databricks acquired ElectricSQL to bring WASM Postgres capabilities to AI agent sandboxes, while Stripe reportedly agreed to acquire AI gateway startup OpenRouter for over $7 billion. Dynatrace acquired AI observability firm Arize, and Dash0 acquired Polar Signals. On the funding side, workflow orchestration company Temporal is reportedly in talks to raise $500 million at a $12 billion pre-money valuation, just six months after closing a $300 million round, while Synthefy announced a $6.5 million seed round led by Wing Venture Capital. In open-source releases, Modular made the Mojo programming language fully open source under Apache 2.0, DeepSeek launched a MIT-licensed plugin-based agent harness alongside DeepSeek-V4-Pro, and TrueFoundry introduced TrueForge as a vendor-neutral alternative to Claude Managed Agents.

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