- Finnish startup Aiven offers cloud services that make it easier for businesses to set up and manage their cloud data and applications based on open source software.
- Open source technologies allow an organization to build a more robust network in a collaborative way with the help of a community of developers.
- But Aiven CEO and cofounder Oskari Saarenmaa said open source can be complex to manage and expensive. Aiven’s platform gives businesses the tools and services to manage their open source networks.
- Here are the slides Aiven used to raise $50 million from investors, including IVP, Earlybird VC and Lifeline Ventures.
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Businesses are moving their networks to the cloud, often with the help of open source technologies.
But implementing such projects can be tricky and expensive, said Oskari Saarenmaa, CEO and cofounder of Aiven.
The Finnish startup offers cloud-based tools and services to make it easier for businesses to manage their open source projects, which are based on the collaborative effort of a community of developers.
The startup, which is based in Helsinki, announced recently that it raised $40 million from investors in a Series B round. Aiven has raised a total of $50 million from investors, including IVP, Earlybird VC and Lifeline Ventures.
“Oftentimes, these open source technologies are rather complex to manage,” Saarenmaa told Business Insider. “We take the best open source data technology that allows you to store or ingest data and turn those into managed cloud services.”
Aiven said its platform is now used by more than 500 businesses, including Atlassian, Comcast and Toyota. The startup said it is addressing a pressing need as more businesses move to the cloud. “While larger companies have the resources and expertise to manage these deployments internally, most companies require some level of third-party support to effectively utilize open source,” Aiven explained in a statement.
Aiven’s growth underscores the growth in open source systems for managing data, which is expected to account for more than 15% of data base management spending by 2023, propelled mainly by more enterprises moving to the cloud, according to Gartner.
Here are the slides Aiven used to raise $50 million from investors: