Redis Labs, a Mountain View, CA-based database company provider of Redis Enterprise, raised $60m in Series E financing.
The round was led by new investor Francisco Partners, with participation from existing investors Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures, and Dell Technologies Capital. In conjunction with the 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, which has now raised $146m in total funding to date, intends to use the funds to accelerate its global go-to-market execution, invest further in the Redis community, and continue to expand its reach.
Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs is the home of Redis, an in-memory database, and commercial provider of Redis Enterprise, for high-speed transactions, recommendation engines, data ingest, fraud mitigation, real-time indexing, session management and caching.
The 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, the database features a variety of data modeling techniques, such as Streams, Graph, Document and Machine Learning, with a real-time search engine.
To drive further enterprise adoption, the company signed strategic partnerships with Pivotal, Red Hat and others.
Bengal and Yiftach Shoolman were joined by Salvatore Sanfilippo, the creator of Redis, as leader of open source development, in July 2015.