Aiven, a startup that combines the open source technologies with cloud infrastructure, has raised $40 million in Series B funding, enabling the company to add new integrations and innovations.
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. This brings the total funds raised to $50 million.
“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 will use the proceeds of the round to triple headcount, add new open source technologies like M3 and Flink, and introduce new enterprise grade features. IVP General Partner Eric Liaw will join Aiven’s board of directors.
The Series B will allow Aiven to provide new cloud services for customers and continue empowering developers to focus on their core products, not the underlying infrastructure.
Aiven democratizes 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. Aiven now serves over 500 businesses worldwide, including Atlassian, Comcast, OVO Energy and Toyota, and is available on all major public clouds.
For more information about this news, visit https://aiven.io/.