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 March 2024?
- In March 2024, Redis acquired Speedb and simultaneously announced a change in its licensing model, indicating a strategic expansion beyond its traditional in-memory database focus.
- When did Redis achieve Advanced Technology Partner Status in the AWS Partner Network?
- Redis achieved Advanced Technology Partner Status in the AWS Partner Network in September 2020.
- Which investors participated in Redis's G Round funding in April 2021?
- In April 2021, Redis received funding from investors including Tiger Global Management and TCV.
- What security and privacy certifications did Redis Enterprise Cloud achieve in July 2023?
- In July 2023, Redis Enterprise Cloud achieved new security and privacy certifications, enhancing its compliance and trustworthiness for enterprise users.
- When did Microsoft partner with Redis to enhance its Azure Cache for Redis?
- Microsoft partnered with Redis in May 2020 to improve its Azure Cache for Redis offering.