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 Fermyon were founded in 2021. “A lot of people think that Wasm is this maybe up and coming thing, or it's just totally new thing that's out there in the future,” noted Bailey Hayes, a director at Cosmonic, in this episode of The New Stack Makers podcast. But the future is already here, she said: “It's one of technology's best kept secrets, because you're using it today, all over. And many of the applications that we use day-to-day — Zoom, Google Meet, Prime Video, I mean, it really is everywhere. The thing that's going to change for developers is that this will be their compilation target in their build file.” In this On the Road episode of Makers, recorded at KubeCon here in the Motor City, Hayes and Kate Goldenring, a software engineer at Fermyon, spoke to Heather Joslyn, TNS’ features editor, about the state of WebAssembly. This episode was sponsored by the Cloud Native Computing Foundation (CNCF).