Aiven, a Helsinki, Finland-based startup that combines open source technologies with cloud infrastructure, raised $40m in Series B funding.
The round, which brings the total funds raised to $50m, was led by IVP, with participation from existing investors Earlybird VC and Lifeline Ventures, as well as family offices of Risto Siilasmaa, chairman of Nokia, and Olivier Pomel, founder of Datadog. In conjunction with the funding, IVP General Partner Eric Liaw will join Aiven’s board of directors.
The company intends to use the funds to triple headcount, add new open source technologies like M3 and Flink, and introduce new enterprise grade features.
Led by Oskari Saarenmaa, CEO and co-founder, 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. The company now serves over 500 businesses worldwide, including Atlassian, Comcast, OVO Energy and Toyota, and is available on all major public clouds.
A SOC 2 and ISO 27001 certified cloud data platform provider, Aiven has offices in Berlin, Germany and Sydney, Australia and Boston, MA.