Qualcomm buys Modular for $4B as Cursor acquires Continue and funding rounds surge

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The commercial open-source software space saw a wave of consolidation this week, with Qualcomm agreeing to acquire AI infrastructure startup Modular for nearly $4 billion. Cursor, the AI-powered code editor, quietly acquired Continue, an open-source alternative to GitHub Copilot. Elastic also expanded its AI portfolio by acquiring site reliability engineering startup Deductive AI for up to $85 million. On the funding side, DeepSeek closed a $7 billion-plus round, Timefold secured a $13 million Series A for its scheduling optimization platform, and Moonshot AI is reportedly seeking a $30 billion valuation in new funding talks. Additionally, Sentient Foundation pledged $42 million to advance open-source AGI, while Vercel launched an open-source agentic framework called eve and Daytona announced a shift to closed source.

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ProgrammingDEV Community ·

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ProgrammingDEV Community ·

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ProgrammingDEV Community ·

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