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Aiven Raises $210M Series D To Build Sustainable Applications In The Cloud

funding, growth

Finnish software company Aiven has secured $210M in its Series D funding round at a pre-money valuation of $3B. The round was led by Eurazeo, and joined by funds and accounts managed by BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures.

The company has increased its headcount by more than 65% since October 2021 and aims to use the new funding to continue its international expansion, reaching beyond its newest hubs in Japan, Singapore and New Zealand, to other parts of the Asia-Pacific and Latin America regions.

Aiven looks to double its current number of employees in 2022 to help develop new platform capabilities and launch a global sustainability program, with the goal of enabling collective action within the Aiven community to build more sustainable applications in the cloud.

Following last year’s initiatives, including the establishment of a formal Open Source Program Office and the launch of Aiven’s startup program, Cluster, the company is committed to further democratizing access to best-of-breed data technologies, reducing the environmental impact of cloud services and increasing diversity and inclusion at Aiven and in the tech industry more broadly.

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