Open source software is a great option for any startup, particularly ones that need to save costs. This comprehensive list will help you find the best open source software solutions for almost any requirement.
So you’re building a technology startup—congratulations! You’re about to take on a long and arduous journey full of bumps, twists and turns. And since you’re starting up, chances are you’ll make use of open source technologies—it seems only fitting. It’s the age of collaboration, after all. But in your haste to get your software out into the world, you might miss out on great pieces of open source software that could make your life easier down the line.
Total funding amount (Crunchbase): $25M
Founders: Chuck Doerr and Mazy Dar
OpenFin is to the Fintech world what iOS is to the rest of the world. Banks, hedge funds and trading platforms have all installed the software on their desktops. In fact, according to the company, their OS has been deployed to nearly 1,500 companies and runs on 1,000 apps on 200,000 desktops.
In a nutshell, OpenFin OS modernizes trading apps. People in finance can now run their apps on a modern OS that is created for the digital era. The OS enables easy workspace management and automates your workflow. The best part? It runs on every operating system, including Mac, Linux, and Windows.
OpenFin is a thriving Fintech startup that’s active in the open-source community. With total funding of $25M, the company CEO’s mission is “to have the OpenFin OS on every desktop at every bank and buy-side firm.”
VLC Media Player
VLC Media Player is one of the most popular open source software examples that you can use for free.
This multimedia player is used for video, media and audio files and it plays discs, webcams, streams and devices. Most of the users use it for streaming podcasts as well.
It allows you to optimize your audio and video files for a particular hardware configuration and also offers a plethora of extensions and skins which allows you to create customized designs.
What’s more, it runs on different platforms such as Android, Mac OS X, Linux, Windows, iOS and more.
Total funding amount (Crunchbase): $44M
Founders: Gerald Starr, Stephen J. Kammerer, Leo Papadopoulos
There’s an innovative startup company that’s reinventing the way traders communicate and it goes by the name of Cloud9. It’s a voice collaboration and analytics firm that offers voice analytics, sophisticated trader communication and transcription solutions to distributed financial teams.
The company was created in 2014 when a group of data scientists and engineers came together to develop a solution for cloud-based voice communications. According to its founders, the product can help financial companies “remain competitive, compliant, and profitable in the market”.
Cloud9 is another Fintech startup that has understood the value of open-source software. The company believes that voice services are destined to become an open ecosystem, like any other communication channel. Their goal is to integrate with partners that are active in the voice ecosystem to create a more complete service to their users in financial institutions. With total funding of $44M, the company promises that its product will reduce communications costs by up to 50% by eliminating pricey private lines and desktop hardware.
According to a Stack Overflow survey, 83.1% of developers claimed that Linux is the most wanted platform.
Linux is one of the most user-friendly open source software on the market. It is most commonly used on Android devices and desktops.
What makes this operating system different from the others is that it costs nothing and it is incredibly customizable.
Most companies also choose it because it is highly secure and offers excellent community support.
Total funding amount (Crunchbase): $64.1M
Industry: Artificial Intelligence, Internet of Things, Semiconductor
Founders: Andrew Waterman, Dr. Krste Asanovic, Dr. Yunsup Lee
The semiconductor industry has a new player that has managed to raise $64.1M since its creation in 2015. The startup’s name is SiFive and it specializes in creating open-source chip platforms.
SiFive was founded by the designers of RISC-V, an open-source hardware instruction set architecture. Anyone can use the RISC-V free of charge to design, manufacture, and sell chips and software. The startup is encouraging more developed companies to design their own chips, just like Apple does. And they’re making it less expensive and less complicated for small startup teams to get involved with chip design.
The beauty of the customized RISC-V based semiconductors is that they help system designers reduce costs and time-to-market. According to SiFive’s CEO, Naveed Sherwani, the company has already attracted customers like Tesla, Toshiba, and Daimler-Benz.
GNU Compiler Collection
GNU Compiler Collection is a collection of compilation tools for software development in the C, C++, Ada, Fortran and other programming languages.
It provides high-quality releases regularly and works with native and cross targets.
The sources it offers are freely available via weekly snapshots as well as SVN.
Total funding amount (Crunchbase): $272.9M
Industry: Cloud Computing, Open Source, SaaS
Founders: Solomon Hykes
In 2013, a container technology was launched as an open source Docker Engine. The company behind the product was Docker Inc. and the founder was Solomon Hykes. In a nutshell, Docker is an open platform for building, shipping, and running distributed applications.
Experts agree that the startup has revolutionized software development and has made life simpler for software developers. Docker is active in the open source ecosystem through an array of projects that encourage the containerization movement. The company offers a number of tools and other components that help developers build, ship, and run their applications. In fact, millions of people worldwide have used these container components.
Python is common programming and scripting language used by custom software developers.
According to IEEE, it was the most popular language in 2019. In recent years, it attracts plenty of new users because of its fast-growing field of machine learning.
It is also easy to use which is why most of the developers also choose this open source software.
We’ve researched the most popular open source applications that are relevant and trusted by startups. Our list includes a diverse group of tools related to both design and development, and spans many tech stacks. We hope to inspire you to move towards open source or give you different options to choose from.