{"id":18350,"date":"2021-10-26T09:15:00","date_gmt":"2021-10-26T09:15:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/10\/26\/aiven-achieves-2b-unicorn-valuation-with-its-series-c-extension\/"},"modified":"2021-10-26T09:15:00","modified_gmt":"2021-10-26T09:15:00","slug":"aiven-achieves-2b-unicorn-valuation-with-its-series-c-extension","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/10\/26\/aiven-achieves-2b-unicorn-valuation-with-its-series-c-extension\/","title":{"rendered":"Aiven Achieves $2B Unicorn Valuation with its Series C Extension"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>SINGAPORE &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 26 October&#13;<br \/>\n2021 &#8211; <a href=\"https:\/\/aiven.io\/\">Aiven<\/a>,&#13;<br \/>\na software company that combines the best open-source technologies with&#13;<br \/>\ncloud infrastructure, announced a $60M Series C extension at a $2B&#13;<br \/>\nvaluation today, bringing the total Series C round to $160M. This extension&#13;<br \/>\nbrings Aiven&#8217;s total funding to date to $210M. The round was co-led by&#13;<br \/>\nexisting investors World Innovation Lab and IVP, and with the participation&#13;<br \/>\nfrom Atomico and others. In a testament to the growth and potential Aiven&#13;<br \/>\nshowcases in its capabilities, a number of investors increased their capital&#13;<br \/>\ncommitments to Aiven just seven months after the company&#8217;s successful <a href=\"https:\/\/aiven.io\/press\/aiven-raises-usd100m-series-c-to-expand-global-open-source-innovation\">$100&#13;<br \/>\nmillion Series C<\/a>.<\/p>\n<p>As&#13;<br \/>\nthe latest unicorn of the Nordics, Aiven is experiencing growing revenue of over&#13;<br \/>\n100% year on year and aims to continue maximizing its growth in a journey to&#13;<br \/>\nbecoming the global category leader in managed cloud data infrastructure.&#13;<br \/>\nAiven&#13;<br \/>\ncurrently has more than 230 employees scaling global hubs from Helsinki,&#13;<br \/>\nreaching Berlin, Boston, Toronto and Sydney. Following the fundraise, the&#13;<br \/>\ncompany will expand its reach in the Asia-Pacific region by opening an office&#13;<br \/>\nin Singapore. <\/p>\n<p>\u00a0<\/p>\n<p>The&#13;<br \/>\nmove to expand to a South-East Asian (SEA) is influenced by the high momentum&#13;<br \/>\nof digital transformation in the region. With more and more investments&#13;<br \/>\nallocated to digitalization and open source software, the economic growth potential&#13;<br \/>\nand access to talent are strong, making Singapore a key market for Aiven.&#13;<br \/>\nFuture regional expansion locations include Indonesia and Malaysia.<\/p>\n<p>\u00a0<\/p>\n<p>&#8220;This is&#13;<br \/>\nan exciting step for Aiven on our journey and indicates that our team is&#13;<br \/>\nsuccessfully delivering on our mission to champion open source and make the&#13;<br \/>\nlives of developers better in all that we do,&#8221; said Oskari Saarenmaa, CEO and&#13;<br \/>\nco-founder at Aiven. &#8220;The additional funding from our existing investors will&#13;<br \/>\nallow us to rapidly expand our global footprint, significantly contribute to&#13;<br \/>\nthe open source community and support the growth of other tech startups.&#8221;<\/p>\n<p>In an&#13;<br \/>\neffort to give back to the open source community, Aiven continues its open&#13;<br \/>\nsource investment with its recently launched open source program office, solely&#13;<br \/>\nfocused on contributing to the projects that are key to Aiven&#8217;s customers.\u00a0Additionally, Aiven will support promising entrepreneurs and launch its own&#13;<br \/>\nstartup program in December. The program participants will get access to&#13;<br \/>\nAiven&#8217;s expertise and data platform for free for one year.<\/p>\n<p>&#8220;IVP&#13;<br \/>\noriginally invested in Aiven in January of 2020 behind a belief that the&#13;<br \/>\ncompany&#8217;s outstanding product and platform would enable companies of all sizes&#13;<br \/>\nto manage their exploding data needs easily and efficiently,&#8221; said Eric Liaw,&#13;<br \/>\nGeneral Partner at IVP. &#8220;Under Oskari&#8217;s leadership, the Aiven team is&#13;<br \/>\ndelivering tremendous value for their customers, and the proof is that the&#13;<br \/>\ncompany has more than quadrupled since our original investment and growth is&#13;<br \/>\naccelerating.&#8221;<\/p>\n<p>With&#13;<br \/>\nAiven&#8217;s fully managed services for popular open source projects like Apache&#13;<br \/>\nKafka and Cassandra, OpenSearch, M3, PostgreSQL and more in the public cloud,&#13;<br \/>\nbusinesses can enjoy a modern, fully-functional open source data infrastructure&#13;<br \/>\nglobally in minutes. According to a recent IDC whitepaper<a name=\"_ftnref1\" title=\"\"><sup><sup>[1]<\/sup><\/sup><\/a>,&#13;<br \/>\ncompanies leveraging Aiven&#8217;s offerings report a 340% ROI over three years&#13;<br \/>\nthanks to reduced cost of using open source solutions, increased development&#13;<br \/>\nteam efficiency, as well as increased revenue through enhanced agility and&#13;<br \/>\nscalability.<\/p>\n<p>For more&#13;<br \/>\ninformation on Aiven, visit <a href=\"https:\/\/aiven.io\/\">https:\/\/aiven.<\/a><a href=\"https:\/\/aiven.io\/\">io<\/a><a href=\"https:\/\/aiven.io\/\">\/<\/a>.<b\/><\/p>\n<div><br clear=\"all\"\/><\/p>\n<hr align=\"left\" size=\"1\" width=\"33%\"\/>\n<div id=\"ftn1\">\n<p><a name=\"_ftn1\" title=\"\"><sup><sup>[1]<\/sup><\/sup><\/a> Source: IDC Business Value Snapshot, sponsored by&#13;<br \/>\nAiven, The Business Value of Aiven Data Cloud, doc #US48198621, August 2021<\/p>\n<\/div>\n<\/div><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-10-26\/100941\/aiven-achieves-2b-unicorn-valuation-with-its-series-c-extension\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211;\u00a0Media OutReach\u00a0&#8211; 26 October&#13; 2021 &#8211; Aiven,&#13; a software company that combines the best open-source technologies with&#13; cloud infrastructure, announced a $60M Series C extension at a $2B&#13; valuation today, bringing the total Series C round to $160M. This extension&#13; brings Aiven&#8217;s total funding to date to $210M. The round was co-led by&#13; existing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":18351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18350"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18350"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/18351"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}