Redis News
24 articles
growth-positive
לפי שווי של יותר מ-2 מיליארד דולר: העסקה הגדולה בסטארט-אפ הישראלי רדיס
Israeli unicorn Redis recently sold shares in a secondary transaction, reflecting a company valuation of over $2 billion, slightly above its previous valuation in 2021. Among the funds that sold their shares in the company were Israeli Viola and American Tiger Global. Among the buyers were existing investors in Redis who increased their holdings and at least one new investor. Redis is targeting an IPO on Wall Street in 2025-2026.
InvestmentPublic Trading
Growth-Positive
Redis switches licenses, acquires Speedb to go beyond its core in-memory database | TechCrunch
Redis, the in-memory data store, is changing its license from the open source three-clause BSD license to the Redis Source Available License (RSALv2) and Server Side Public License (SSPLv1). This change is aimed at preventing large cloud providers from offering free alternatives to Redis’ own hosted services. Cloud service providers hosting Redis will now need to enter into a commercial agreement with Redis, with Microsoft being the first to do so. Redis also announced the acquisition of storage engine Speedb to expand beyond the in-memory space. The company plans to continue working out in the open and allow any company to deploy the open source version of Redis.
AcquisitionCustomersPartners
Redis Enterprise Cloud Integration with Amazon Bedrock Now Available
Redis Enterprise Cloud Achieves New Security and Privacy Certifications
growth-positive
רדיס מינתה את רואן טרולופ להיות מנכ"לה החדש -
Real-time database company Redis has announced the appointment of Rowan Trollope as its new CEO, replacing Ofer Bengal who has been appointed as the chairman of the board. The changes are part of a planned transition process and will take effect on February 1, 2023. Trollope joins Redis from American public company Five9, where he served as CEO for the past four years. Bengal, who co-founded Redis in 2011, has been the companys CEO since its inception.
Management Changes
growth-positive
Redis Puts (Almost) Everything Under a Single Module
Redis has released Redis Stack, a single module that transforms Redis into an enterprise data platform, simplifying the creation of data-driven applications. The module combines various functionalities developed by Redis, including full-text search, time-series data, messaging and queuing, and document capabilities. Redis Stack also includes RedisInsight, a tool for visualizing and optimizing Redis data, and the Redis Stack Client SDK, which provides official Redis clients and object mapping libraries. The release of Redis Stack demonstrates Redis aim to become a universal high-performance data fabric for cloud and edge applications.
CustomersPartners
growth-positive
רדיס נערכת להנפקה וממנה את סמנכ"לית המחקר והפיתוח של צק פוינט לדירקטורית כלכליסט
רדיס, a database company, is preparing for an IPO and has appointed two new independent directors, Dr. Dorit Dor and Kimberly Alex. The company aims to add value with their extensive experience in public companies. The appointment of the new directors indicates the companys intention to go public soon. רדיס has raised $347 million to date and has a valuation of over $2 billion. The company has around 700 employees worldwide, with 230 in its development center in Israel.
Management Changes
growth-positive
Redis Labs heading to Nasdaq at $4-5 billion valuation
Israeli database software developer Redis Labs is planning an IPO on Nasdaq in May 2022 at a valuation of $4-5 billion. The company aims to increase its valuation fivefold over two years. Redis Labs has already raised $347 million for its real-time data platform, with investors including Tiger Global, Softbanks Vision Fund 2, TCV, and others. The company reported revenue growth of over 54% over the past three years, with more than 8,000 paying customers, including 31% of the Fortune 100. Redis Labs has joint go-to-market programs with AWS, Google Cloud, and Microsoft Azure. It currently employs 700 people worldwide.
Public Trading
Speedb Snaps up $4m and Launches on Redis to Reveal New Data Engine Technology
growth-positive
המנכ"ל שחלם להקים חברת צעצועים, וייסד חד קרן טכנולוגי כלכליסט
The article chronicles the entrepreneurial journey of Ofer Bengal, co-founder and CEO of Radis Labs. Initially aspiring to establish a toy company, Bengals career took a significant turn when he met the Zisapel brothers in 1989. They persuaded him to pivot from toys to technology, leading to the creation of Rit Technologies, a pioneer in Israels high-tech industry. Bengals career is marked by various ventures, including successful exits and challenging failures. His story underscores the importance of adaptability and resilience in entrepreneurship. The Zisapel brothers played a crucial role in his transition to the tech industry, investing in his vision and guiding him through the early stages of his high-tech career.
Investment
growth-positive
Israeli co Redis Labs raises $310m at over $2b valuation
Redis Labs, an Israeli database software company, has completed a $110 million Series G financing round led by Tiger Global, bringing the companys valuation to over $2 billion. Other participants in the round were SoftBank Vision Fund 2 and TCV. The financing also included a $200 million secondary transaction. Redis Labs plans to use the funds to expand internationally, advance its real-time data platform, and provide customer support. The company has experienced significant revenue growth and has over 8,000 paying customers, including 31% of the Fortune 100. The fiscal year ending in January 2021 saw a revenue growth rate of over 54% and a net retention rate greater than 120%.
InvestmentExpand
Redis Labs Achieves Advanced Technology Partner Status in the AWS Partner Network
growth-positive
Database co Redis Labs raises $100m at over $1b valuation
Redis Labs, an open source database company based in Israel, has completed a $100 million Series F financing round, bringing its total amount raised to over $246 million. The financing round was co-led by Bain Capital Ventures and TCV, with participation from previous investors. The company is now valued at over $1 billion. Redis Labs plans to use the funds to grow its worldwide Redis community, expand marketing and programs, and invest in product and support services. Redis Labs provides a real-time data platform called Redis Enterprise, which helps companies manage, process, analyze, and make predictions with their data. The company has over 7,500 customers, including MasterCard, Dell, Microsoft, and Gap.
InvestmentCustomers
growth-positive
Microsoft partners with Redis Labs to improve its Azure Cache for Redis
Microsoft is expanding its Azure Cache for Redis service by adding Redis Enterprise, Redis Labs commercial offering, to its platform. This expansion is done in partnership with Redis Labs, with Microsoft offering basic support and Redis Labs handling most of the software support. The integration of Redis Enterprise into Azure Cache for Redis will provide users with a single bill, native Azure management, and the option to deploy on SSD flash storage. Microsoft will also support Redis Labs Redis modules. This move is part of Microsofts effort to be seen as a partner to open-source companies like Redis Labs. The incorporation of Redis Enterprise technology extends the range of use cases for developers and provides enhanced operational resiliency and security.
Partners
Redis Labs Delivers 150 Percent Growth in India Fueled by Cloud Database Demand
Growth-Positive
Redis Labs Named One of 50 Highest Rated Private Cloud Computing Companies to Work For
Redis Labs, a provider of Redis Enterprise, has been recognized as one of the 50 Highest Rated Private Cloud Computing Companies To Work For by Battery Ventures and Glassdoor. The company achieved this distinction with an overall company rating of 4.7, significantly higher than the Glassdoor average of 3.4. Redis Labs CEO, Ofer Bengal, has a 98% approval rating on Glassdoor and the company has a 96% positive business-outlook rating. This is the third year Battery has issued the list, which highlights the increasing importance of cohesive culture and employee happiness in running a successful business.
Customers
growth-positive
Redis Labs Delivers Confidence and Speed to Enterprises on Microsoft Azure
Redis Labs announces that Redis Enterprise on Microsoft Azure is available as a fully managed Database-as-a-Service. The partnership between Redis Labs and Microsoft Azure aims to deliver a powerful multi-model database for applications operational data with native data structures. Redis Enterprise ensures high availability and resilience to failure scenarios. Redis Labs has achieved co-sell ready status through the Microsoft One Commercial Partner program, allowing them to work directly with Microsofts sales force and partners to accelerate the adoption of Redis Enterprise.
CustomersPartners
growth-positive
Redis Labs raises $60 million for its NoSQL database
Redis Labs, a California-based startup, has raised $60 million in series E funding. The funding will be used to accelerate Redis go-to-market plan and invest in the open source Redis community. Redis is a NoSQL database platform that runs 1,000 times faster than disk databases and can process 10 million transactions per second. The companys revenues are in the tens of millions and it has over 8,300 customers, including American Express, Microsoft, and Walmart. The funding round was led by Francisco Partners, with participation from existing investors Goldman Sachs, Bain Capital Ventures, Viola Ventures, and Dell Technologies Capital.
Investment
growth-positive
Database Software Developer Redis Labs Doubles its Tel Aviv Office Space
Israel-based database software developer Redis Labs Inc. has signed a five-year lease for new, 17,000 square-foot offices in a Tel Aviv high rise. The company, which counts Microsoft, eBay, Twitter, and Apple among its customers, has raised a total of $86 million in funding to date, with the latest round of $44 million completed in August. Redis Labs plans to hire 50 additional employees following the office expansion, doubling its current Tel Aviv office space.
CustomersExpand
growth-positive
In-memory database provider Redis Labs raises $44M
Database company Redis Labs has raised $44m in a funding round led by Goldman Sachs. The company, which specialises in in-memory databases, offers its technology for free, but charges for an enterprise tier. The enterprise tier allows companies to handle their databases in the cloud. Redis Labs has raised $86m in total.
Investment
growth-positive
Redis Labs Acquires Redis Weekly to Further Extend Support to the Redis Community Redis
Redis has acquired Redis Weekly, a free newsletter about Redis news, articles, tools, and libraries. The newsletter will merge into Redis Watch, a curated newsletter by Redis Itamar Haber. Redis has been investing in the Redis community and this acquisition is part of their efforts. Redis has previously acquired MyRedis and brought Redis creator Salvatore Sanfilippo to lead open source development. Redis aims to provide value and insight on all things Redis to its community.
Partners
growth-positive
Redis Labs raises $14M for its in-memory NoSQL database services
Redis Labs has raised $14 million in a Series C funding round led by Bain Capital Ventures and Carmel Ventures. The company plans to use the funding to expand its sales and marketing efforts in the enterprise market. Redis Labs has also announced that it has gained 600 new enterprise customers in the first half of the year. The company offers Redis, an open source data structure store, and provides additional services such as Redis Cloud and support for Redis Labs Enterprise Cluster.
InvestmentCustomers
growth-positive
Redis Labs Raises $15M Series B For Its In-Memory, NoSQL Database Service
Redis Labs has closed a $15 million Series B funding round led by Bain Capital Ventures and Carmel Ventures. The company plans to use the funding to expand its sales and marketing operation. Redis Labs offers fast database capabilities to enterprises through its in-memory NoSQL database, Redis. The company currently has just under 5,000 paying customers, including Docker, Hotel Tonight, and Bleacher Report. Its paying customer base has grown 116 percent over the last year. Redis Labs offers fully managed services under the Redis Cloud brand and an on-premise solution called Redis Labs Enterprise Cluster. The funding will be used to accelerate growth and enhance both cloud and on-premises offerings.
InvestmentExpand
growth-positive
Redis Labs: We Have 3,000 Paying Cloud In-Memory NoSQL Customers
Redis Labs has reached 3,000 paying customers for its fully managed utility style in-memory NoSQL database service. The company has also attracted more than 17,000 free customers. Redis Labs scales everything behind the scenes and offers high availability. The service is offered in multiple clouds and data centers, and through several channel partners. Redis Labs has raised $13 million in venture funding.
CustomersPartners
