Redis Labs Raises $44M in Series D Funding

Redis Labs, a Mountain View, California-based provider of an in-memory database for apps and services, raised $44m in Series D funding.

The round was led by new investor Goldman Sachs Private Capital Investing with participation from Bain Capital Ventures, Carmel Ventures, and Dell Technologies Capital.

The company, which has raised $86m in total funding to date, will use the capital for continued market penetration across wider geographies and industry sectors.

Founded in 2011 by Ofer Bengal and Yiftach Shoolman, Redis Labs is the company behind open source Redis, the in-memory database platform, and provides Redis Enterprise, as a service in all major clouds, and as downloadable software, which powers e-commerce, social, personalization, IoT, metering, fraud detection and other real-time applications.
The enterprise platform has been adopted by over 7,400 enterprises, including many Fortune 100 listed US companies.

The company, which also has offices in Tel Aviv and London, serves over 70,000 registered accounts and over 7,400 enterprise customers globally.



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