The Latest Milestones on WebAssembly's Road to Maturity

DETROIT — Even in the midst of hand-wringing at KubeCon + CloudNativeCon North America about how the global economy will make it tough for startups to gain support in the near future, the news about a couple of young WebAssembly-centric companies was bright. Cosmonic announced that it had raised $8.5 million in a seed round led by Vertex Ventures. And Fermyon Technologies unveiled both funding and product news: a $20 million A Series led by Insight Partners (which also owns The New Stack) and the launch of Fermyon Cloud, a hosted platform for running WebAssembly (Wasm) microservices. Both Cosmonic and...