Company Overview
Snapshot
Founded in January 2011 by Ofer Bengal and Yiftach Shoolman, Redis has grown to over 1,000 employees. The company has raised $356 million across 8 funding rounds from 12 investors. In March 2024, Redis acquired Speedb to expand its database capabilities beyond in-memory solutions.
Business overview
Redis develops the open-source Redis Database and provides Redis Enterprise, an in-memory database platform designed for transactional, analytics, and hybrid deployments. Its technology reduces application complexity, accelerates time to market, and offers flexibility for developers with various data structures and modules. Serving markets that require real-time applications such as e-commerce, social platforms, IoT, and fraud detection, Redis operates within the Business Software sector, focusing on IT, R&D, and Data Solutions, particularly in Data Architecture and Data Analysis & Decision Support.
Strategic signal
In March 2024, Redis acquired Speedb and announced a shift in its licensing model. This strategic move signals Redis's intent to expand its core offerings beyond its traditional in-memory database strengths, aiming to provide more comprehensive data management solutions and potentially increase its market share in the broader database landscape. For investors, this indicates a strategic pivot towards diversification and a more aggressive competitive stance in the enterprise data infrastructure market.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant strategic move made by Redis in early 2024?
- In March 2024, Redis acquired Speedb and announced a change in its licensing model, signaling an expansion beyond its core in-memory database offerings.
- What was a key partnership announced by Redis in September 2023?
- In September 2023, Redis announced the integration of Redis Enterprise Cloud with Amazon Bedrock, enhancing its offerings within the AWS ecosystem.
- When did Redis achieve Advanced Technology Partner Status in the AWS Partner Network?
- In September 2020, Redis achieved Advanced Technology Partner Status in the AWS Partner Network.