Redis Labs, a Mountain View, CA-based commercial Redis provider, secured $15m in Series B funding.
The round was led by Bain Capital Ventures and Carmel Ventures, with participation from Silicon Valley Bank.
Led by Ofer Bengal, CEO and co-founder, Redis Labs powers applications with fast enterprise-class Redis, an open-source, in-memory NoSQL database. It provides a cloud service called Redis Cloud and downloadable enterprise software called Redis Labs Enterprise Cluster (RLEC).
The company, which has raised a total of $28m in funding, will primarily use the funds to market and sell its hybrid database offering, for use cases such as real-time analytics, fast high-volume transactions, in app social functionality, application job management and caching.
Hotel Tonight, Bleacher Report and Docker are among other 4,900 paying customers.
FinSMEs
26/06/2015