Redis Labs

Redis Ltd. (originally Redis Labs, Garantia Data) is a private computer software company headquartered in Mountain View, California. Redis is the sponsor of the open-source in-memory NoSQL database of the same name and the provider of Redis Enterprise software, cloud services, and tools for global companies. The company’s research and development center is based in Tel Aviv and it has additional offices in London, Austin, and Bengaluru.

History

Redis Ltd was founded under the name Garantia Data in 2011 by Ofer Bengal, previously the founder and CEO of RiT Technologies, and Yiftach Shoolman, previously the founder and president of Crescendo Networks, acquired by F5 Networks.Matt, Aslett (February 14, 2013),
Garantia Data goes GA with Redis and memcached cloud services

451research.com
Retrieved January 2, 2014.Cloud services co Garantia Data raises $3m

globes.co.il
Retrieved January 2, 2014.

In June 2012, the company announced a beta version of its cloud services at GigaOm's Structure LaunchPad.Deutscher, Maria (November 26, 2012),
Garantia Boosts AWS with Major NoSQL Upgrade

DevOpsAngle
Retrieved January 2, 2014.Grant, Rebecca (8/8/2012),
Funding Daily: 8 on 8/8

VentureBeat
Retrieved January 2, 2014. Redis Enterprise Cloud became generally available in February 2013.Tozzi, Christopher (February 15, 2013),
Garantia Unveils In-Memory NoSQL Cloud Storage Platforms

The VAR Guy
Retrieved January 2, 2014.Marshall, David (February 18, 2013),
Q&A: Interview with Garantia Data Talking Redis Cloud and Memcached Cloud

VMWare VMBlog
Retrieved January 2, 2014.

In October 2013, Redis acquired MyRedis, a competing hosted Redis provider.Finley, Klint (October 7, 2013),
Dying Cloud Mistakenly Gives Users Three Days to Save Data

wired.com
Retrieved January 2, 2014. On January 29, 2014, the company changed its name from Garantia Data to Redis Labs.Williams, Alex (January 29, 2014),
Database Provider Garantia Data Makes Another Name Change, This Time To Redis Labs
, TechCrunch, Retrieved February 9, 2014.

In early 2015, Redis made available Redis Enterprise Pack.Butler, Brandon (October 6, 2015),
Hottest products at AWS re:Invent 2015
, Retrieved September 11, 2016. On July 15, 2015, the creator of Redis and lead developer, Salvatore Sanfilippo, joined Redis to lead open source development, and Redis became the official sponsor of the open source project.Kepes, Ben (July 15, 2015)
Redis Labs hires the creator of Redis, Salvatore Sanfilippo

Network World
Retrieved August 30, 2015.

In May 2016, the company announced a mechanism for developers to extend Redis,Adrian Bridgwater (05/11/2016),
Redis aims for an infinite variety of data structures
, T Knowledge Exchange, Open Source Insider Retrieved September 19, 2016. and opened an online marketplace that offers modules certified to work with both open source Redis and Redis' Enterprise products.Jordan Novet (05/10/2016),
Redis launches modules to add extensibility to the open source database
, entureBeat Retrieved September 19, 2016.

In August 2018, the company changed the license of its Redis modules from AGPL to Apache2 modified with Commons Clause.

In February 2019, the company changed the license of Redis modules to Redis Source Available License (RSAL).

In April 2019 the company acquired RDBTools, a graphical user interface (GUI) to manage Redis from HashedIn. Later in the year the company launched the tool as RedisInsight with expanded capabilities to visualize data in Redis modules.

On August 11, 2021, the company changed its name from Redis Labs to Redis.

The company’s Redis Enterprise platform is presently used by companies such as Capital One, Dick's Sporting Goods, and Kabam.

Funding

The company secured $4 million in seed funding from angel investors in August 2012,Garantia Data Scores $9M Series A

Dow Jones Private Equity & Venture Capital
Retrieved January 2, 2014. an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures (now known as Viola Ventures),Williams, Alex (November 10, 2013),
Garantia Has The Advantage Over AWS When It Comes To Redis, The Popular NoSQL Database
, TechCrunch, Retrieved January 2, 2014. an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank, and an additional $14 million in series C funding led by the same investors.Frederic Lardinois (July 21, 2016)
Redis Labs raises $14M for its in-memory NoSQL database services
,TechCrunch, Retrieved August 22, 2016 In August 2017 it raised $44 million in series D funding led by Goldman Sachs Private Capital Investing, and in February 2019 $60 million in series E funding led by Francisco Partners with participation by existing investors.
Series F funding was concluded in August 2020 raising another $100 million, with TCV joining as a new investor in the company. Another $110 million was raised in April 2021 and two new investors joined the company as part of Series G round, which was led by Tiger Global, with participation from SoftBank Vision Fund 2. Redis has raised a net amount of $347 million in funding to-date.

Partnerships

References

External links

* {{Official website, https://www.redis.com/

Technology companies established in 2011
Companies based in Santa Clara, California
Cloud computing providers