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Aiven raises $100M to combine Open Source Technology with Cloud Infrastructure

Aiven, a Finland-based software company, recently announced that it had raised $100M in a Series C round of funding. The company offers managed open source technologies on various major public Cloud platforms. The total company investment accounts for $150M and its valuation is now more than $800M as per sawers venturebeat. The company was founded in 2016 and manages open-source data infrastructure in the cloud on behalf of other organizations. Thus, the developers can completely focus on the development process.         

It’s a well-known fact that Open Source technology has almost taken over the world. Today, enterprises are adapting to this technology more than ever. The popularity of Cloud computing, especially during the ongoing pandemic, has led to this acceleration in the shift. Even though open-source software is cost-effective and flexible, it may consume a lot of time in the setup. Moreover, a lot of expertise and resources are required in the domains like cybersecurity and maintenance. This is what Aiven does for the organizations.     

As stated by Aiven cofounder and CEO Oskari Saarenmaa, the company offers freedom of choice to its customers. They need not lock their data to one vendor or system. They can migrate it from one cloud to another just by clicking a few buttons. The service offered by the company includes all the required support including end-to-end security, maintenance, and effective monitoring. In other words, Aiven really stands out with a fully managed, open-source, multi-cloud offering.

Aiven offers services across nine core open source projects that are listed below:

  • Apache Kafka
  • M3
  • Apache Cassandra
  • InfluxDB
  • MySQL
  • Redis
  • Elasticsearch
  • PostgreSQL
  • Grafana

Aiven plans to invest a significant part of the raised fund in the growth of the pure open-source projects. They intend to bring new products & innovation and expand internationally. Furthermore, the company plans to double its headcount and open a dedicated open-source program office.

Because the open-source realm witnessed a lot of commotion in recent years, Aiven is aimed at supporting community-backed open-source products and community licenses. They have no plans of closing off their products with more restrictive licenses.

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