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Home PRIVATE EQUITY

Finland’s Aiven bolsters data platform with EverSQL acquisition, unveiling AI-powered database optimization capabilities

Arctic Startupby Arctic Startup
November 21, 2023
Reading Time: 4 mins read
in PRIVATE EQUITY, SCANDINAVIA&BALTICS
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Aiven, a Helsinki-based open-source cloud data platform, has acquired EverSQL, a database optimization software vendor. This acquisition aims to integrate EverSQL’s AI-powered capabilities into Aiven’s platform, allowing customers to automate database performance optimization. By leveraging AI-driven insights, Aiven intends to streamline data workflows, enhance infrastructure performance, and reduce costs for businesses utilizing their services, starting initially with PostgreSQL® and MySQL® users. The goal is to simplify data management, enabling companies to focus on data-driven innovation atop efficient and cost-effective data pipelines.

Today businesses rely on data to power the applications and systems underpinning decision-making, customer experiences and operational efficiencies. But as the importance of data has grown and the supporting infrastructure has become more complex, so has the management burden ­– often at the cost of innovation. Aiven provides the essential toolkit organizations can use to deploy data-centric applications while solving the challenges of managing the data infrastructure.

EverSQL was established to transform and automate database performance analysis – through the use of AI – to speed up applications and free up time for innovation. The company’s popularity has grown quickly, with more than 100,000 software engineers in 90 countries using the solution to optimize their workloads on top of a variety of databases.

By integrating EverSQL’s AI-powered optimization engine into Aiven’s open source platform, Aiven customers will receive automated, personalized and actionable insights to help fine-tune their data architecture. This will result in optimized data workflows, improved performance and lowered costs.

In the coming months, customers using Aiven for PostgreSQL® and Aiven for MySQL® will benefit from automated query optimizations and index recommendations. Subsequently, capabilities will expand to include monitoring and alerting, supported by automatically generated optimization insights that are quick and easy to understand and implement. The EverSQL engine will also be extended across other open source services in the Aiven platform and more advanced service settings and configuration tuning capabilities will be developed. Aiven is fully committed to support and grow the current set of available EverSQL functionalities on top of any database supported in Aiven or elsewhere.

Oskari Saarenmaa, CEO of Aiven, said: “EverSQL brings us industry-leading, AI-powered database optimization capabilities which, when combined with Aiven’s open source cloud data platform, is a unique offering for companies that want to capture more value from their data. Our services are complementary and aligned to a shared goal – to simplify the management of data infrastructures to unleash innovation. I’d like to welcome the talented EverSQL team to Aiven and I am looking forward to collectively delivering even more support, value and capabilities to our combined customer base.”


Oded Valin, EverSQL Co-Founder and CEO, said: “EverSQL has quickly established itself as a leader in the use of AI to automate the process of database performance optimization. As a part of Aiven, EverSQL will be able to deliver autonomous optimization capabilities to even more companies globally and rapidly expand the offering through integration across Aiven’s leading data platform. My fellow EverSQL Co-Founder and CTO Tomer Shay and I are both excited to set up and grow the team dedicated to developing AI-powered optimization capabilities at Aiven.”

Click here to read more M&A news.

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Read the orginal article: https://arcticstartup.com/aiven-acquires-eversql/

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