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Aiven Raised $210 Million To Develop Sustainable Open-Source Cloud Technology

Aiven, the company’s mission is to enrich developers’ lives by aiding them in the creation of higher-quality applications.

Aiven Raised $210 Million To Develop Sustainable Open-Source Cloud Technology

Aiven will use the newly raised capital in expanding international reach to include other nations in the Asia-Pacific and Latin American regions. Aiven’s most recent hubs are Japan, Singapore, and New Zealand.

Aiven, a business that develops software that combines the most advanced open source technologies with cloud infrastructure, announced today that it had secured $210 million in its Series D round of funding. This places the pre-money valuation of the company at $3 billion. The investment was headed by Eurazeo and featured participation from existing investors IVP, Atomico, Earlybird, World Innovation Lab, and Salesforce Ventures and funds and accounts managed by BlackRock.

Since October 2021, the company has increased the size of its workforce by more than 65%, and it intends to use the new capital to continue its international expansion. Its newest hubs are located in Japan, Singapore, and New Zealand, but it plans to expand into other regions of Asia-Pacific and Latin America. Aiven intends to double the size of its current workforce in 2022 to assist in developing new platform capabilities and launch a global sustainability program. The overarching objective of these initiatives is to enable the Aiven community to develop cloud applications that are less harmful to the environment.

Aiven is committed to democratising access to best-of-breed data technologies, reducing the environmental impact of cloud services, and increasing diversity and inclusion at Aiven and the technology industry. These goals are a continuation of the company’s initiatives from the previous year, which included the creation of a formal Open Source Program Office and the launch of Aiven’s startup program, Cluster. The Cluster was launched in 2017.

According to Oskari Saarenmaa, CEO and co-founder of Aiven, the company’s mission is to enrich developers’ lives by aiding them in the creation of higher-quality applications. This goal is to be accomplished through Aiven assisting developers in improving their work.

The CEO continued by saying that increasing investments in open, community-driven software development and long-term use of cloud services is a natural extension of what we value and have always aimed to do with Aiven.

According to Zoé Fabian, Managing Director at Eurazeo – Growth, Aiven is a prime example of a European-born champion that is currently en route to becoming the dominant player in their worldwide category. Their distinct platform approach caters to the developer community’s needs because it makes it easier for users to gain access to open-source technologies that can be hosted on any cloud. He also mentioned that the company has an established track record of product-led growth, which has led to the rapid adoption of the company’s products by clients of all sizes and in all types of industries. Eurazeo remarked that their strong conviction in embarking on the joint journey with Aiven to become the go-to platform for developers was further strengthened by Aiven’s dedication to combining a unique financial profile with sustainability.

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