Redis Labs, the Mountain View, Calif.-based behind Redis, the open source database and the provider of Redis Enterprise, closed a $100m Series F financing at a company valuation of more than $1 billion.
The round was co-led by Bain Capital Ventures and TCV, with participation from existing investors Francisco Partners, Goldman Sachs Growth, Viola Ventures, and Dell Technologies Capital.
The company, which has now raised over $246m to-date, intends to use the funds to grow the global Redis community, expand its go-to-market team and programs, and invest in the product and support services to deliver even more value for customers.
Led by Ofer Bengal, Co-Founder and CEO, Redis Labs is delivering a real-time data platform that allows companies of every industry to manage, process, analyze, and make predictions, that will improve their customer experiences and drive their business forward.
Redis Labs currently has more than 7,500 customers, including MasterCard, Dell, Fiserv, Home Depot, Microsoft, Costco, Gap, and Groupon.