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Wednesday, June 29, 2022

Finland’s Aiven nears unicorn status with new $100 mln funding round

Finland’s Aiven, a software company that combines the best open source technologies with cloud infrastructure, has raised $100 million in its Series C funding which valued the firm at over $800 million.

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The round was led by Atomico, with participation from Salesforce Ventures and World Innovation Lab as new investors, while also Earlybird Venture Capital IVP significantly increased their capital commitments to Aiven.

Aiven will use the proceeds from the round to bring new products to market, increase contributions to developing open source technologies and continue the company’s international expansion. The company plans to double its headcount over the next year and launch a formal open source program office.

“Aiven’s mission is to champion open source, making the lives of developers better in all that we do,” said Oskari Saarenmaa, CEO and cofounder at Aiven. “The most recent funding will enable us to continue adding new service capabilities, grow our team and expand into new markets, as well as more significantly contribute to the open-source community.”

“We started Aiven to build something we would have loved to use ourselves in our previous projects. We wanted to make a service that allows developers to worry less and get more stuff done,” Saarenmaa said in a blog post.

For the first time ever in January 2021, the use of open source database management services outstripped that of commercial services. Open source powers every part of our global economy from home automation and retail analytics to energy metering and more. Many existing tools impose a heavy operational burden if managed in-house.

Aiven offers fully-managed services for popular open-source projects like Apache Kafka and Cassandra, Elasticsearch, M3 and PostgreSQL in the public cloud. With Aiven, companies of all sizes, from innovative startups to global leaders like Comcast, Fiverr, Vidio, Wolt and more, can have a modern, fully-functional open-source data infrastructure from different regions in the world in minutes based on their needs with end-to-end security, set-up, maintenance and 24/7 monitoring across all major public cloud platforms.

“We believe Aiven will be the global category winner in providing beautiful open-source data infrastructure that just works. Globally and in minutes,” said Hiro Tamura, Partner at Atomico.

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Tarmo Virki
Tarmo Virki
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