Aiven Raises $210M in Series D Funding

aiven

Aiven, a Helsinki, Finland-based software company that combines the best open source technologies with cloud infrastructure, raised $210M in its Series D at a pre-money valuation of $3 Billion.

Eurazeo led the round and was joined by BlackRock funds and accounts, as well as existing investors IVP and Atomico, Earlybird and World Innovation Lab.

The company plans to use the funds for international expansion. It will expand beyond the newest hubs in Japan and New Zealand to other parts of Asia-Pacific and Latin America. In 2022, it will double its current workforce to support the development of new platforms and launch a global sustainability initiative.

Oskari Sarenmaa is the CEO and cofounder of Aiven. Aiven offers managed open-source data technologies like Kafka, PostgreSQL and OpenSearch on all major cloud platforms to help customers achieve business results using open source.

Last year’s initiatives include the establishment of a formal Open Source Program Office and the launch of a startup program, Cluster.

The headquarters of the company are located in Helsinki, with hubs in Berlin and Paris, Sydney and Singapore.

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