Cloud Infrastructure Firm Aiven Raises $210M At $3Bn Valuation

Aiven, a global provider of managed cloud data infrastructure and managed open-source data technologies, like PostgreSQL, Kafka and OpenSearch, on all major clouds, has raised $210 million in its Series D at a pre-money valuation of $3B.

Photo Oskari Saarenmaa, CEO and co-founder at Aiven
“Further investing in supporting open, community driven development of software and sustainable use of cloud services is a natural extension of what we value and have always wanted to achieve with Aiven,” said Oskari Saarenmaa, CEO and co-founder at Aiven.

Following on from the company’s last year’s initiatives, which included the creation of a formal Open Source Program Office and the launch of Aiven’s startup program, Cluster, Aiven is committed to democratizing access to best-of-breed data technologies. By doing so, the company claims to help reduce the environmental impact of cloud services, while increasing diversity and inclusion at Aiven and in the tech industry at large.

Headquartered in Helsinki and with hubs in Berlin, Boston, Paris, Sydney, Singapore, and Toronto, Aiven allows developers to do what they do best: create applications.

“Aiven’s mission is to make developers’ lives better, to help them build better applications,” said Oskari Saarenmaa, CEO and co-founder at Aiven. “Further investing in supporting open, community driven development of software and sustainable use of cloud services is a natural extension of what we value and have always wanted to achieve with Aiven.”

The latest funding round was led by Eurazeo. It was joined by funds and accounts managed by BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures.

Developing Sustainable Cloud Applications

Since October 2021, Aiven has grown its workforce by more than 65 percent. The company plans to utilize the additional capital to continue its worldwide development, expanding beyond its newest hubs in Japan, Singapore, and New Zealand to other parts of Asia-Pacific and Latin America.

In 2022, Aiven plans to double its present workforce to help create new platform capabilities and start a worldwide sustainability program, with the objective of empowering the Aiven community to build more sustainable cloud applications.

“Aiven is a prime showcase of a European-born champion on a trajectory of global category leadership. Its differentiated platform approach truly caters to the developer community by democratizing access to open-source technologies hosted on any cloud. The company has seen rapid adoption by customers across all sizes and industries with a demonstrated track record of product-led growth,” said Zoé Fabian, Managing Director at Eurazeo – Growth. “Sustainability is a key part of our investment thesis at Eurazeo and seeing Aiven being committed to combining a stellar financial profile with sustainability further strengthened our high conviction on embarking on the joint journey with Aiven to build the go-to platform for developers.”