Data firm Redis Labs raises $60m financing
Data firm Redis Labs has raised $60 million in Series E financing, taking its total funding to date to $146m.
The round was led by new investor Francisco Partners and will see its chief investment officer David Golob join the Silicon Valley company’s board.
It also included participation by existing investors Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures and Dell Technologies Capital.
Redis Labs was founded in 2011 by CEO Ofer Bengal and CTO Yiftach Shoolman around the promise of Redis, an open-source in-memory data structure project.
The performance and flexibility of Redis has made it consistently one of the fastest-growing and most popular databases, including becoming the first to be launched more than one billion times on Docker Hub in 2018.
In July 2015, Salvatore Sanfilippo, the creator of Redis, joined the company as leader of open source development.
“The impact of the Redis platform is being experienced everywhere as enterprises look to modernise or build new applications,” said Bengal.
“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.”