Redis Labs Secures $15M in Series B Funding

redislabsRedis 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.



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