Redis Labs, the home of Redis and provider of Redis Enterprise, closed $110 million in financing led by a new investor, Tiger Global, which brings the company’s valuation to more than $2 billion. The company’s Series G round also includes participation from another new investor, SoftBank Vision Fund 2*, and existing Redis Labs investor TCV. Additionally, Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction.
Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million and will continue to invest in expanding the company’s global footprint, advancing its market-leading real-time data platform, and delivering world-class customer support. The company’s existing investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures, TCV, and Dell Technologies Capital.
“We founded Redis Labs with the idea that the future of the database market would be defined by performance, where Redis excels. Through the dedication of our team, Redis has become an enterprise-grade data platform to tackle nearly any real-time use case across every industry,” said Ofer Bengal, Co-Founder and CEO at Redis Labs. “Partnering with exceptional new investors such as Tiger Global and SoftBank, in addition to the continued belief of our existing investors like TCV, validates our mission to make Redis the de facto real-time data platform companies choose to meet their customers’ expectations.”
Database for the Instant Experience — a profile of Redis Labs
The user experience is the ultimate test of network performance. For many applications, this often comes down to the lag after clicking and before the screen refreshes. We can trace the packets back from the user’s handset, through the RAN, mobile core, metro transport, and perhaps long-haul optical backbone to a cloud data center. However, even if this path traverses the very latest generation infrastructure, if it ends up triggering a search in…
