Aiven Achieves $2B Unicorn Valuation with its Series C Extension

SINGAPORE – Media OutReach – 26 October
2021 – Aiven,
a software company that combines the best open-source technologies with
cloud infrastructure, announced a $60M Series C extension at a $2B
valuation today, bringing the total Series C round to $160M. This extension
brings Aiven’s total funding to date to $210M. The round was co-led by
existing investors World Innovation Lab and IVP, and with the participation
from Atomico and others. In a testament to the growth and potential Aiven
showcases in its capabilities, a number of investors increased their capital
commitments to Aiven just seven months after the company’s successful $100
million Series C.

As
the latest unicorn of the Nordics, Aiven is experiencing growing revenue of over
100% year on year and aims to continue maximizing its growth in a journey to
becoming the global category leader in managed cloud data infrastructure.
Aiven
currently has more than 230 employees scaling global hubs from Helsinki,
reaching Berlin, Boston, Toronto and Sydney. Following the fundraise, the
company will expand its reach in the Asia-Pacific region by opening an office
in Singapore.

The
move to expand to a South-East Asian (SEA) is influenced by the high momentum
of digital transformation in the region. With more and more investments
allocated to digitalization and open source software, the economic growth potential
and access to talent are strong, making Singapore a key market for Aiven.
Future regional expansion locations include Indonesia and Malaysia.

“This is
an exciting step for Aiven on our journey and indicates that our team is
successfully delivering on our mission to champion open source and make the
lives of developers better in all that we do,” said Oskari Saarenmaa, CEO and
co-founder at Aiven. “The additional funding from our existing investors will
allow us to rapidly expand our global footprint, significantly contribute to
the open source community and support the growth of other tech startups.”

In an
effort to give back to the open source community, Aiven continues its open
source investment with its recently launched open source program office, solely
focused on contributing to the projects that are key to Aiven’s customers. Additionally, Aiven will support promising entrepreneurs and launch its own
startup program in December. The program participants will get access to
Aiven’s expertise and data platform for free for one year.

“IVP
originally invested in Aiven in January of 2020 behind a belief that the
company’s outstanding product and platform would enable companies of all sizes
to manage their exploding data needs easily and efficiently,” said Eric Liaw,
General Partner at IVP. “Under Oskari’s leadership, the Aiven team is
delivering tremendous value for their customers, and the proof is that the
company has more than quadrupled since our original investment and growth is
accelerating.”

With
Aiven’s fully managed services for popular open source projects like Apache
Kafka and Cassandra, OpenSearch, M3, PostgreSQL and more in the public cloud,
businesses can enjoy a modern, fully-functional open source data infrastructure
globally in minutes. According to a recent IDC whitepaper^[1],
companies leveraging Aiven’s offerings report a 340% ROI over three years
thanks to reduced cost of using open source solutions, increased development
team efficiency, as well as increased revenue through enhanced agility and
scalability.

For more
information on Aiven, visit https://aiven.io/.