Aiven Raises $100 Million Series C To Expand Global Open Source Innovation

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

Aiven has announced that it has raised $100M in its Series C, bringing the company’s total investment to $150M at a valuation of now more than $800M. The round was led by Atomico, with participation from Salesforce Ventures and World Innovation Lab as new investors. Lead investors of Aiven’s Series A (Earlybird Venture Capital) and Series B (IVP) also 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. It said that the new investment and new investors will help the company better address underserved markets.

Launch a formal open source program office

The company plans to double its headcount over the next year and launch a formal open source program office. Aiven offers fully-managed services for popular open source projects like Apache Kafka and Cassandra, Elasticsearch, M3 and PostgreSQL in the public cloud.

Oskari Saarenmaa, CEO and co-founder at Aiven said, “Aiven’s mission is to champion open source, making the lives of developers better in all that we do. 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.”

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