Finnish Software Firm Aiven Raises Cash at $800 Million Value

Aiven, a Finnish company that makes open-source software to manage databases, has raised funding at a valuation of more than $800 million, a roughly fourfold increase since its last round a year ago.

It’s raised $100 million to bring new products to market and further expand internationally, the Helsinki-based company said in a statement Tuesday.

Oskari Saarenmaa

Source: Aiven

The company plans to double its staff to about 300 by the end of this year, expand its existing business in areas like retail and enter new sectors, such as financial services, Chief Executive Officer Oskari Saarenmaa said in an interview.

The company ...