Aiven Raises $40 Million In Series B Funding

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  • This round was led by Silicon Valley-based IVP
  • The company will expand its product roadmap with this funding

According to a report by Data Economy, Aiven, which combines open-source technologies with cloud infrastructure has announced it has raised $40 million in Series B funding. This brings the figure of total funds raised to $50m. The report added that this round was led by Silicon Valley-based IVP.

Existing investors like Earlybird VC and Lifeline Ventures, family offices of Risto Siilasmaa, chairman of Nokia, and Olivier Pomel, founder of Datadog also took part in the funding. Oskari Saarenmaa, CEO and co-founder at Aiven said that this investment is evidence of a growing appetite from enterprises for open source data technologies.

Expand its product roadmap

As per the report, he also added that Aiven has been able to offer a platform that solves all the complexities of operating these technologies. This will help customers to focus on their business applications and driving the bottom-line. With the funding, the company will be able to expand its product roadmap and work closely with its customers to help them utilize open source technologies at scale.

The report said that the company claimed that it serves 500 businesses globally. It includes Atlassian, Comcast, OVO Energy and Toyota.

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