Redis, Inc.
Redis, Ltd.
FormerlyRedis Labs, Garantia Data
Company typePrivate
IndustryNoSQL
Founded2011
HeadquartersMountain View, California, USA
Key people
Ofer Bengal
Yiftach Shoolman
ProductsRedis Enterprise Software
Redis Enterprise Cloud
Enterprise tiers, Azure Cache for Redis[1]
Websitewww.redis.com

Redis Ltd. (originally Redis Labs, Garantia Data) is an American 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.[2] The company’s research and development center is based in Tel Aviv and it has additional offices in London, Austin, and Bengaluru.[3][4]

History

Redis Ltd was founded under the name Garantia Data[5] 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.[6][7]

In June 2012, the company announced a beta version of its cloud services at GigaOm's Structure LaunchPad.[8][9] Redis Enterprise Cloud became generally available in February 2013.[10][11]

In October 2013, Redis acquired MyRedis, a competing hosted Redis provider.[12] On January 29, 2014, the company changed its name from Garantia Data to Redis Labs.[5]

In early 2015, Redis made available Redis Enterprise Pack.[13] 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.[14]

In May 2016, the company announced a mechanism for developers to extend Redis,[15] and opened an online marketplace that offers modules certified to work with both open source Redis and Redis' Enterprise products.[16]

In August 2018, the company changed the license of its Redis modules from AGPL to Apache2 modified with Commons Clause.[17]

In February 2019, the company changed the license of Redis modules to Redis Source Available License (RSAL).[18]

In April 2019 the company acquired RDBTools, a graphical user interface (GUI) to manage Redis from HashedIn.[19] Later in the year the company launched the tool as RedisInsight with expanded capabilities to visualize data in Redis modules.[19]

On August 11, 2021, the company changed its name from Redis Labs to Redis.[20]

The company’s Redis Enterprise platform is presently used by companies such as Capital One, Dick's Sporting Goods, and Kabam.[21]

Funding

The company secured $4 million in seed funding from angel investors in August 2012,[22] an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures (now known as Viola Ventures),[7][23] an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank,[24] and an additional $14 million in series C funding led by the same investors.[25] 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.[26][27] Series F funding was concluded in August 2020 raising another $100 million, with TCV joining as a new investor in the company.[28] 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.[29] Redis has raised a net amount of $347 million in funding to-date.[30]

Partnerships

Partnership Year
Pivotal June 2017[31]
Red Hat October 2018[32]
Google Cloud April 2019[33]
Microsoft Azure May 2020[34]

References

  1. ^ Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". TechCrunch.
  2. ^ Kavis, Mike. "Vendor Spotlight: Garantia – In-memory NoSQL company". Kavis Technology Consulting. Retrieved July 29, 2013.
  3. ^ Chirileasa, Andrei (December 15, 2020). "US tech group Redis Labs will open R&D center in Bucharest in partnership with local firm". Romania Insider.
  4. ^ K., Balakumar (October 21, 2020). "Redis Labs to set up development centre in India". TechRadar.
  5. ^ a b Williams, Alex (January 29, 2014), "Database Provider Garantia Data Makes Another Name Change, This Time To Redis Labs", TechCrunch, Retrieved February 9, 2014.
  6. ^ Matt, Aslett (February 14, 2013), "Garantia Data goes GA with Redis and memcached cloud services", 451research.com, Retrieved January 2, 2014.
  7. ^ a b "Cloud services co Garantia Data raises $3m", globes.co.il, Retrieved January 2, 2014.
  8. ^ Deutscher, Maria (November 26, 2012), "Garantia Boosts AWS with Major NoSQL Upgrade", DevOpsAngle, Retrieved January 2, 2014.
  9. ^ Grant, Rebecca (8/8/2012), "Funding Daily: 8 on 8/8", VentureBeat, Retrieved January 2, 2014.
  10. ^ Tozzi, Christopher (February 15, 2013), "Garantia Unveils In-Memory NoSQL Cloud Storage Platforms", The VAR Guy, Retrieved January 2, 2014.
  11. ^ Marshall, David (February 18, 2013), "Q&A: Interview with Garantia Data Talking Redis Cloud and Memcached Cloud", VMWare VMBlog, Retrieved January 2, 2014.
  12. ^ Finley, Klint (October 7, 2013), "Dying Cloud Mistakenly Gives Users Three Days to Save Data", wired.com, Retrieved January 2, 2014.
  13. ^ Butler, Brandon (October 6, 2015), "Hottest products at AWS re:Invent 2015", Retrieved September 11, 2016.
  14. ^ Kepes, Ben (July 15, 2015),"Redis Labs hires the creator of Redis, Salvatore Sanfilippo", Network World, Retrieved August 30, 2015.
  15. ^ Adrian Bridgwater (05/11/2016), "Redis aims for an infinite variety of data structures", [IT Knowledge Exchange, Open Source Insider], Retrieved September 19, 2016.
  16. ^ Jordan Novet (05/10/2016), "Redis launches modules to add extensibility to the open source database", [VentureBeat], Retrieved September 19, 2016.
  17. ^ Schlothauer, Sarah (August 23, 2018). "Is Commons Clause open source? Weighing in on the Redis license change". JAXenter.
  18. ^ Dsouza, Melisha (February 22, 2019). "Redis Labs moves from Apache2 modified with Commons Clause to Redis Source Available License (RSAL)". Packt Hub.
  19. ^ a b Dineshwori, Longjam (April 4, 2019). "Redis Labs Acquires RDBTools Developed by Indian Startup". Open Source For You.
  20. ^ "From Our Founders: Becoming One Redis". August 11, 2021.
  21. ^ "Redis Labs Previews Future Database and Caching Features". TechTarget. Retrieved January 15, 2022.
  22. ^ "Garantia Data Scores $9M Series A", Dow Jones Private Equity & Venture Capital, Retrieved January 2, 2014.
  23. ^ 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.
  24. ^ Wolpe, Toby. "Redis Labs secures multi-million injection to help compete with MongoDB and Cassandra". ZDNet. Retrieved August 25, 2015.
  25. ^ Frederic Lardinois (July 21, 2016) "Redis Labs raises $14M for its in-memory NoSQL database services",TechCrunch, Retrieved August 22, 2016
  26. ^ Haggin, Patience (21 August 2017). "Database Provider Redis Labs Raises $44 Million Led by Goldman". Wall Street Journal.
  27. ^ Wiggers, Kyle (February 19, 2019). "Redis Labs raises $60 million for its NoSQL database". VentureBeat. Retrieved March 2, 2019.
  28. ^ Cai, Kenrick (August 25, 2020). "Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise". Forbes.
  29. ^ "Redis Labs surpasses $2B valuation with latest funding round". April 7, 2021.
  30. ^ Condon, Stephanie (April 7, 2021). "Redis Labs surpasses $2B valuation with latest funding round". ZDNet.
  31. ^ Handy, Alex (June 23, 2017). "Redis Enterprise Comes to the Cloud Foundry Platform". The New Stack.
  32. ^ Meyer, Dan (October 22, 2018). "Redis Labs Integrates With Red Hat OpenShift, Hits 1B Milestone". SDX Central.
  33. ^ Krazit, Tom (April 9, 2019). "Google Cloud makes a big open-source move: Managed databases from Redis Labs, MongoDB, and Elastic coming soon". GeekWire.
  34. ^ Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". TechCrunch.

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