Finnish data management startup Aiven announced a $60 million investment on a $2 billion valuation today. The announcement comes after the company received a $100 million investment in March at an $800 million valuation, an impressive increase given the timeline.
The round was made up of Aiven’s existing investors, World Innovation Labs and IVP co-led the round with participation from Atomico.
The latest funding, considered an extension of the $100 million C round announced earlier this year, would bring the total amount raised to $210 million, highlighting increased investor confidence in the enterprise software sector.
Company CEO and co-founder Oskari Saarenmaa said to TechCrunch the company helps take the complexity out of managing open source projects in the cloud. “We started working on Aiven back in 2015 and we wanted to create a cloud data platform that we would have liked to have used ourselves [when we were working as engineers prior to creating the company]. We created this cloud operations platform that could turn the best open source data technologies into managed services on any public cloud.”