Redis Labs, the home of Redis and provider of Redis Enterprise, raised $60 million in Series E financing led by a new investor, Francisco Partners, a leading global technology-focused private equity firm.
The latest funding round included participation by the company’s existing investors, Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures and Dell Technologies Capital. With this investment, Francisco Partners’ Chief Investment Officer David Golob will join the Redis Labs Board of Directors and Operating Partner Eran Gorev will join as a board observer.
“The impact of the Redis platform is being experienced everywhere as enterprises look to modernize or build new applications,” said Ofer Bengal, co-founder and CEO at Redis Labs. “This financing enables us to accelerate our strategy to deliver the fastest and most efficient database to the world and enable instant experiences for any modern application.”
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…