These former Red Hat employees just got $25 million to try to find a new business model for open-source software (IBM, RHT, AMZN)

Tidelift_Founders

  • Tidelift, founded by former Red Hat employees, on Monday announced $25 million in new funding to try to create a new business model for open-source software.
  • The open-source industry is in the middle of great change as some software companies make defensive moves against Amazon and other cloud providers reselling their open-source projects for a profit.
  • Tidelift helps connect software developers with the people who make open-source software — the developers get better service and support, while the open-source maintainers get financial support for their work.

In the early 2000s, people would balk at the notion of using free, open-source software to run a serious business — companies like Red Hat, which bet its business model on the concept, were seen as oddities.

But times have changed. Open-source software is key to most modern computing infrastructures. And over a decade later, IBM is planning to acquire Red Hat for a colossal $34 billion.

Now, Tidelift, a startup founded by a group of former Red Hat employees that wants to repeat the trick and pioneer a new business model for open-source software,

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