Finnish open-source-as-a-service startup Aiven adds $1bn to valuation

Finnish open-source-as-a-service provider Aiven received $210 million in funding this week, adding $1 billion to its nominal valuation in just nine months. The Series D cash injection – led by Eurazeo, and joined by funds and accounts managed by BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation …

[Lars]

Good work

Best of luck.

[Anonymous Coward]

Can anyone explain

Their business model in simple words, please? Didn't quite understand from the article or their home page.

Do they basically just sell you access to a pre-installed, hopefully managed PostgreSQL (or other FOSS) installation?

[fg_swe]

Re: Can anyone explain

According to my understanding, yes.

Their customers can save manpower on setting up and running database servers.

The real challenge of designing schemas and optimizing queries will be left to the customer, I assume. Maybe they will provide a modicum of help with EXPLAIN PLAN...

Its all part of the Cloud Hype, where you hand over your data to people you have never personally met. What could possibly go wrong ?