Software teams are relying on open source to build increasingly complex software. At the same time, developers and end users want better online experiences. Frequently, open-source solutions best enable complex software creation that helps the digital world run with more simplicity and speed.
Now, open source is providing viable and powerful alternatives to proprietary approaches or solutions and open-source projects are playing a leading role in all the top strategic technology trends that are reshaping the world around us.
Aiven — the Helsinki-based company that develops and manages cloud service hosting for software infrastructure services — has a mission statement based in championing open-source software and making developers’ lives easier. By providing its fully managed services, the company enables developers to focus on building their applications without worrying about how to implement the technology that powers them.
Founded in 2016, Aiven manages open-source data infrastructure in the cloud for companies, freeing developers to focus on building applications. With support for AWS, the Google Cloud Platform, Azure, Digital Ocean, and UpCloud, users are free to shift data between clouds or even adopt a multi-cloud approach.
Most recently, Aiven announced that it raised $100 million in a Series C funding round. This brings its total funds raised to $150 million. Atomico led the Series C round together with participation from Salesforce Ventures and World Innovation Lab, plus existing investors Earlybird Ventures and IVP. The round brings the company’s value to $800 million.
“The funding is definitely going to strengthen our position. We believe that there's a big trend moving to open source and moving to cloud with managed services and we are in a very good position to grow aggressively,” Heikki Nousiainen, co-founder and CTO of Aiven told TechTarget. “This round also allows us to significantly increase our investment in the open source technology that we love as we contribute back to projects, making sure that they are healthy.”
The company is also a big contributor to the open-source platforms it helps to manage, and it said it will use part of the proceeds from its Series C round to increase its contributions to those technologies. In addition, it will launch a formal open-source program office. As the company continues its growth trajectory, it plans to double its employee headcount over the next year and expand into North America and the Asia Pacific region.