Aiven raises $40m to accelerate open source cloud platform



Oskari Saarenmaa by Oskari Saarenmaa

Organisations of all sizes are moving to the cloud and leveraging open-source software as the backbone of their data infrastructure.

Aiven, a startup that combines open-source technologies with cloud infrastructure, has announced that it has raised $40m in Series B funding, bringing the total funds raised to $50m.

The round was led by Silicon Valley-based IVP, whose notable investments include Datadog, Dropbox, GitHub, HashiCorp and Slack.

Existing investors Earlybird VC and Lifeline Ventures, as well as family offices of Risto Siilasmaa, chairman of Nokia, and Olivier Pomel, founder of Datadog, also participated in the round.

Organisations of all sizes are moving to the cloud and leveraging open-source software as the backbone of their data infrastructure.

While larger companies have the resources and expertise to manage these deployments internally, most companies require some level of third-party support to effectively utilise open source.


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“This investment is evidence of a growing appetite from enterprises for open source data technologies,” said Oskari Saarenmaa, CEO and co-founder at Aiven.

“Aiven is able to close that gap by offering a platform that abstracts away all the complexities of operating those technologies so our customers can focus on their business applications and driving the bottom-line.

“With the new funding, we’ll be able to expand our product roadmap and work more closely with our customers globally to help them utilize open source technologies at scale.”

Aiven democratises access to the latest open source technologies by offering fully-managed services for popular open-source projects like Apache Kafka and Cassandra, Elasticsearch, M3 and PostgreSQL in the public cloud.

According to the company, it now serves over 500 businesses worldwide, including Atlassian, Comcast, OVO Energy and Toyota, and is available on all major public clouds.

The new round of financing will enable Aiven to expand its presence in the U.S. and accelerate Aiven’s mission of empowering developers and democratizing access to the latest open source technologies.

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