Aiven raises $40M to democratize access to open-source projects through managed cloud services

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The growing ubiquity of open-source software has been a big theme in the evolution of enterprise IT. But behind that facade of popularity lies another kind of truth: Companies may be interested in using more open-source technology, but because there is a learning curve with taking on an open-source project, not all of them have the time, money and expertise to adopt it. Today, a startup out of Finland that has built a platform specifically to target that group of users is announcing a big round of funding, underscoring not just demand for its products, but its growth to date.

Aiven — which provides managed, cloud-based services designed to make it easier for businesses to build services on top of open-source projects — is today announcing that it has raised $40 million in funding, a Series B being led by IVP (itself a major player in enterprise software, backing an illustrious list that includes Slack, Dropbox, Datadog, GitHub and HashiCorp).

[Source: TechCrunch]