Managed open source data infrastructure provider Aiven raises $60M

Let the OSS Endeavor e-newsletter information your open supply adventure! Enroll right here.

Aiven, a supplier of totally controlled and hosted services and products for myriad open supply information infrastructure tasks together with Kafka, Grafana, and Cassandra, has raised $60 million in a chain C extension spherical at a $2 billion valuation.

The elevate comes as companies around the spectrum embody open supply tool as a part of their virtual transformation efforts, for the reason that open supply lowers the barrier to access and provides corporations better flexibility and keep an eye on over their generation stack. Alternatively, open supply tool adoption would possibly provide compatibility problems, whilst vulnerabilities and the rising abundance of provide chain assaults too can end up problematic. However most likely greater than that, controlled services and products permit builders to concentrate on their core strengths, which is the place corporations akin to Aiven come into play.

The open supply services and products marketplace is pegged as a $21.7 billion business nowadays, regardless that this determine is anticipated to greater than double inside 5 years as cloud computing adoption continues to power call for for enterprise-grade open supply services and products and make stronger.

The open supply issue

Based out of Finland in 2016, Aiven gives a “database-as-a-service” for 9 fashionable open supply information applied sciences: Apache Kafka, Apache Cassandra, M3, MySQL, PostgreSQL, Redis, InfluxDB, OpenSearch (Elasticsearch fork), and Grafana. Website hosting is to be had at the “giant 3” public clouds (AWS, Azure, and Google Cloud Platform), in addition to on DigitalOcean and UpCloud.

Aiven had prior to now raised $150 million, together with the $100 million collection C spherical it introduced again in March, and the extension was once co-led through current buyers International Innovation Lab and IVP, with participation from Atomico amongst others. The extra money injection, which brings the collection C spherical at $160 million in general, has additionally greater than doubled its valuation from $800 million in simply seven months.

If not anything else, that is testomony to the worth buyers are striking in controlled open supply services and products. Rival Confluent is contemporary from its IPO and is doing neatly at the markets, with its valuation emerging 60% to almost $18 billion within the 4 months because it has long gone public. Aiven, for its phase, reported a 100% year-on-year income expansion, pushed through main venture shoppers akin to Comcast, Atlassian, and Toyota.

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