05 February 2020:

Aiven raises $40 million in Series B round of funding. The funding round was led by IVP. 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 funding round.

The company will use the fresh capital 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.

Oskari Saarenmaa, CEO and co-founder at Aiven, said, “This investment is evidence of a growing appetite from enterprises for open source data technologies. 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.”

Eric Liaw, General Partner, IVP, said, “The increasing adoption of open-source infrastructure software and public cloud usage are among the incredibly powerful trends in enterprise technology and Aiven is making it possible for customers of all sizes to benefit from the advantages of open source infrastructure.”

Eric Liaw, added, “In addition to their market potential and explosive yet capital-efficient growth, we were most impressed to hear from customer after customer that ‘Aiven just works.’ The overwhelmingly positive feedback from customers is a testament to their hiring practices and the strong engineering team they have built. We’re thrilled to partner with Aiven’s team and help them build their vision of a single open-source data cloud that serves the needs of customers of all sizes.”

(Source – Aiven)

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