8.4 C

Finland’s Company Aiven had got a big investment of $100 million in series C funding



A company in Finland that provides an open source data technology is none other than Aiven. It had got an investment of $100 million in series C funding. 

Open source software is getting very popular these days. It is affecting the whole world. Everywhere companies are adopting open source offices as it is more affordable and runs faster. 

It requires much maintenance and cyber security. For this Aiven is used. 

Aiven has been developed in 2016 for managing companies. It has given support for AWS, Google Cloud Platform, Azure, Digital Ocean, and UpCloud. The users are allowed to shift the data freely between clouds or to adopt a multi-cloud approach.

Co-Founder and CEO of Aiven Oskari Saarenmaa told VentureBeat that his platform gives the facility to customers so that they can choose their data that is not locked to one vendor or system, but they can go from one cloud to another. 

Helsinki-based is a startup that works with companies in many sectors and claims various high-profile enterprise clients like Atlassian, Comcast, and Toyota.

Doubling Down:

Aiven has got an investment of about $ 50 million. It got these investments from many new investors like European VC juggernaut Atomico who has participated from Salesforce Ventures, Earlybird Venture Capital, World Innovation Lab, and IVP.

They are planning to use all its funding to expand the market for it. It is also trying to develop and bring new products to the market which can satisfy the demands of customers. 

It has planned to develop a dedicated open source office. 

Other remarkable investors in this industry are Redis Labs and Confluence which had given $350 million for them in the past year so that they can commercialize open source projects. At the same time, MongoDB has been traded publicly and Salesforce-owned Heroku is also the same. Aiven is always trying to set out to differentiate in many ways. Saarenmaa has said that there is a clear line between friends and rivalry in the open source realm. Aiven has always tried to develop such a technology that could make it different and the best from other technologies. 


These years a lot of commotion has arisen in the use of the commercial open source realm. When companies have started using open source projects they decide to maintain their security by imposing stricter limits on their licenses. We can take an example to understand it, just like a private company Elastic which develops the open source NoSQL database, Elasticsearch, and the associated data visualization dashboard Kibana has also introduced licensing arrangements now. This is so that it can restrict cloud service providers from offering some tools “as-a-service”. 

Saarenmaa says that it only supports community-backed open source products and community licenses instead of closing off its products with more restrictive licenses just like some of its competitors have done. He also said that they have always been trying to make open source the best technology to be used and will keep continuing to support and develop the open source community and contribute to new and existing projects.

Also Read about- FLEXIV:Gets $100M for Series B Funding

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