The companies have joined together to each pledge $100,000 a year for the next three years to the Core Infrastructure Initiative, a group formed by the Linux Foundation.
The tech giants involved in the initiative include Amazon, Microsoft, Google, Facebook, NetApp, Rackspace, Qualcomm, VMWare, IBM, Intel, Dell, Cisco, and Fujitsu.
According to a report from the New York Times, the money given by each company will be used to help developers work on open-source projects full time, pay for security audits, and computing and testing infrastructure.
“This is not just about the money, but the forum,” said executive director of the Linux Foundation, Jim Zemlin. “Instead of responding to a crisis retroactively, this is an opportunity to identify crucial open-source projects in advance. Right now, nobody is having that conversation, and it’s an important conversation to have.”
The Core Infrastructure Initiative will start with OpenSSL, which was where researchers discovered the security flaw two weeks ago. More than two thirds of Internet servers use the free OpenSSL encryption tool, which is managed by only a small volunteer staff and one full-time developer.