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Redis Labs Raises $60 Million in Latest Funding Round


Redis Labs, the home of Redis and provider of Redis Enterprise, is receiving $60 million in Series E financing, furthering the company’s plans for investment in its platform.

This latest funding round is being led by a new investor, Francisco Partners, a leading global technology-focused private equity firm. The round also 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 company has now raised $146 million in total funding to-date. With these funds, the company plans to accelerate its global go-to-market execution, invest further in the enthusiastic Redis community, and continue its leadership in delivering the highest performing, most efficient database platform for modern applications.

Redis Labs' commercial product, Redis Enterprise leverages modern in-memory technologies such as NVMe and Persistent Memory to offer cost-effective deployment over multiple public clouds and on-premise data centers.

Besides its native data structures, it features a variety of data modeling techniques, such as Streams, Graph, Document and Machine Learning, with a real-time search engine.

Additionally, through strategic partnerships with Pivotal, Red Hat and others, the company has been able to drive further enterprise adoption and success with Redis Enterprise.

"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."

For more information about this funding news, visit https://redislabs.com/.


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