Redis (company)

Redis Ltd. (originally Redis Labs, Garantia Data) is a private computer software company headquartered in Mountain View, California. Redis is the sponsor of the open-source in-memory NoSQL database of the same name and the provider of Redis Enterprise software, cloud services, and tools for global companies.[2] The company’s research and development center is based in Tel Aviv and it has additional offices in London, Austin, and Bengaluru.[3][4]

Redis, Inc.
Redis, Ltd.
FormerlyRedis Labs, Garantia Data
TypePrivate
IndustryNoSQL
Founded2011
HeadquartersMountain View, California, USA
Key people
Ofer Bengal
Yiftach Shoolman
ProductsRedis Enterprise Software
Redis Enterprise Cloud
Enterprise tiers, Azure Cache for Redis[1]
Websitewww.redis.com

History

Redis Ltd was founded under the name Garantia Data[5] in 2011 by Ofer Bengal, previously the founder and CEO of RiT Technologies, and Yiftach Shoolman, previously the founder and president of Crescendo Networks, acquired by F5 Networks.[6][7]

In June 2012, the company announced a beta version of its cloud services at GigaOm's Structure LaunchPad.[8][9] Redis Enterprise Cloud became generally available in February 2013.[10][11]

In October 2013, Redis acquired MyRedis, a competing hosted Redis provider.[12] On January 29, 2014, the company changed its name from Garantia Data to Redis Labs.[5]

In early 2015, Redis made available Redis Enterprise Pack.[13] On July 15, 2015, the creator of Redis and lead developer, Salvatore Sanfilippo, joined Redis to lead open source development, and Redis became the official sponsor of the open source project.[14]

In May 2016, the company announced a mechanism for developers to extend Redis,[15] and opened an online marketplace that offers modules certified to work with both open source Redis and Redis' Enterprise products.[16]

In August 2018, the company changed the license of its Redis modules from AGPL to Apache2 modified with Commons Clause.[17]

In February 2019, the company changed the license of Redis modules to Redis Source Available License (RSAL).[18]

In April 2019 the company acquired RDBTools, a graphical user interface (GUI) to manage Redis from HashedIn.[19] Later in the year the company launched the tool as RedisInsight with expanded capabilities to visualize data in Redis modules.[19]

On August 11, 2021, the company changed its name from Redis Labs to Redis.[20]

The company’s Redis Enterprise platform is presently used by companies such as Capital One, Dick's Sporting Goods, and Kabam.[21]

Funding

The company secured $4 million in seed funding from angel investors in August 2012,[22] an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures (now known as Viola Ventures),[7][23] an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank,[24] and an additional $14 million in series C funding led by the same investors.[25] In August 2017 it raised $44 million in series D funding led by Goldman Sachs Private Capital Investing, and in February 2019 $60 million in series E funding led by Francisco Partners with participation by existing investors.[26][27] Series F funding was concluded in August 2020 raising another $100 million, with TCV joining as a new investor in the company.[28] Another $110 million was raised in April 2021 and two new investors joined the company as part of Series G round, which was led by Tiger Global, with participation from SoftBank Vision Fund 2.[29] Redis has raised a net amount of $347 million in funding to-date.[30]

Partnerships
PartnershipYear
PivotalJune 2017[31]
Red HatOctober 2018[32]
Google CloudApril 2019[33]
Microsoft AzureMay 2020[34]

References
  1. Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". TechCrunch.
  2. Kavis, Mike. "Vendor Spotlight: Garantia – In-memory NoSQL company". Kavis Technology Consulting. Retrieved July 29, 2013.
  3. Chirileasa, Andrei (December 15, 2020). "US tech group Redis Labs will open R&D center in Bucharest in partnership with local firm". Romania Insider.
  4. K., Balakumar (October 21, 2020). "Redis Labs to set up development centre in India". TechRadar.
  5. Williams, Alex (January 29, 2014), "Database Provider Garantia Data Makes Another Name Change, This Time To Redis Labs", TechCrunch, Retrieved February 9, 2014.
  6. Matt, Aslett (February 14, 2013), "Garantia Data goes GA with Redis and memcached cloud services", 451research.com, Retrieved January 2, 2014.
  7. "Cloud services co Garantia Data raises $3m", globes.co.il, Retrieved January 2, 2014.
  8. Deutscher, Maria (November 26, 2012), "Garantia Boosts AWS with Major NoSQL Upgrade", DevOpsAngle, Retrieved January 2, 2014.
  9. Grant, Rebecca (8/8/2012), "Funding Daily: 8 on 8/8", VentureBeat, Retrieved January 2, 2014.
  10. Tozzi, Christopher (February 15, 2013), "Garantia Unveils In-Memory NoSQL Cloud Storage Platforms", The VAR Guy, Retrieved January 2, 2014.
  11. Marshall, David (February 18, 2013), "Q&A: Interview with Garantia Data Talking Redis Cloud and Memcached Cloud", VMWare VMBlog, Retrieved January 2, 2014.
  12. Finley, Klint (October 7, 2013), "Dying Cloud Mistakenly Gives Users Three Days to Save Data", wired.com, Retrieved January 2, 2014.
  13. Butler, Brandon (October 6, 2015), "Hottest products at AWS re:Invent 2015", Retrieved September 11, 2016.
  14. Kepes, Ben (July 15, 2015),"Redis Labs hires the creator of Redis, Salvatore Sanfilippo", Network World, Retrieved August 30, 2015.
  15. Adrian Bridgwater (05/11/2016), "Redis aims for an infinite variety of data structures", [IT Knowledge Exchange, Open Source Insider], Retrieved September 19, 2016.
  16. Jordan Novet (05/10/2016), "Redis launches modules to add extensibility to the open source database", [VentureBeat], Retrieved September 19, 2016.
  17. Schlothauer, Sarah (August 23, 2018). "Is Commons Clause open source? Weighing in on the Redis license change". JAXenter.
  18. Dsouza, Melisha (February 22, 2019). "Redis Labs moves from Apache2 modified with Commons Clause to Redis Source Available License (RSAL)". Packt Hub.
  19. Dineshwori, Longjam (April 4, 2019). "Redis Labs Acquires RDBTools Developed by Indian Startup". Open Source For You.
  20. "From Our Founders: Becoming One Redis". August 11, 2021.
  21. "Redis Labs Previews Future Database and Caching Features". TechTarget. Retrieved January 15, 2022.
  22. "Garantia Data Scores $9M Series A", Dow Jones Private Equity & Venture Capital, Retrieved January 2, 2014.
  23. Williams, Alex (November 10, 2013), "Garantia Has The Advantage Over AWS When It Comes To Redis, The Popular NoSQL Database", TechCrunch, Retrieved January 2, 2014.
  24. Wolpe, Toby. "Redis Labs secures multi-million injection to help compete with MongoDB and Cassandra". ZDNet. Retrieved August 25, 2015.
  25. Frederic Lardinois (July 21, 2016) "Redis Labs raises $14M for its in-memory NoSQL database services",TechCrunch, Retrieved August 22, 2016
  26. Haggin, Patience (21 August 2017). "Database Provider Redis Labs Raises $44 Million Led by Goldman". Wall Street Journal.
  27. Wiggers, Kyle (February 19, 2019). "Redis Labs raises $60 million for its NoSQL database". VentureBeat. Retrieved March 2, 2019.
  28. Cai, Kenrick (August 25, 2020). "Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise". Forbes.
  29. "Redis Labs surpasses $2B valuation with latest funding round". April 7, 2021.
  30. Condon, Stephanie (April 7, 2021). "Redis Labs surpasses $2B valuation with latest funding round". ZDNet.
  31. Handy, Alex (June 23, 2017). "Redis Enterprise Comes to the Cloud Foundry Platform". The New Stack.
  32. Meyer, Dan (October 22, 2018). "Redis Labs Integrates With Red Hat OpenShift, Hits 1B Milestone". SDX Central.
  33. Krazit, Tom (April 9, 2019). "Google Cloud makes a big open-source move: Managed databases from Redis Labs, MongoDB, and Elastic coming soon". GeekWire.
  34. Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". TechCrunch.
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