Company:Redis

From HandWiki
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

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, Texas , and Bengaluru.[3][4]

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

Partnership Year
Pivotal June 2017[31]
Red Hat October 2018[32]
Google Cloud April 2019[33]
Microsoft Azure May 2020[34]

References

  1. ↑ Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". https://techcrunch.com/2020/05/12/microsoft-partners-with-redis-labs-to-improve-its-azure-cache-for-redis/. 
  2. ↑ Kavis, Mike. "Vendor Spotlight: Garantia – In-memory NoSQL company". Kavis Technology Consulting. http://www.kavistechnology.com/blog/vendor-spotlight-garantia-in-memory-nosql-company/. 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". https://www.romania-insider.com/redis-lab-rd-center-bucharest-dec-2020. 
  4. ↑ K., Balakumar (October 21, 2020). "Redis Labs to set up development centre in India". https://www.techradar.com/in/news/redis-labs-to-set-up-development-centre-in-india. 
  5. ↑ 5.0 5.1 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. ↑ 7.0 7.1 "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". https://jaxenter.com/redis-commons-clause-open-source-148558.html. 
  18. ↑ Dsouza, Melisha (February 22, 2019). "Redis Labs moves from Apache2 modified with Commons Clause to Redis Source Available License (RSAL)". https://hub.packtpub.com/redis-labs-moves-from-apache2-modified-with-commons-clause-to-redis-source-available-license-rsal/. 
  19. ↑ 19.0 19.1 Dineshwori, Longjam (April 4, 2019). "Redis Labs Acquires RDBTools Developed by Indian Startup". https://www.opensourceforu.com/2019/04/redis-labs-acquires-rdbtools-developed-by-indian-startup-hashedin-technologies/. 
  20. ↑ "From Our Founders: Becoming One Redis". August 11, 2021. https://redis.com/blog/becoming-one-redis/. 
  21. ↑ "Redis Labs Previews Future Database and Caching Features". https://searchdatamanagement.techtarget.com/news/252499710/Redis-Labs-previews-future-database-and-caching-features. 
  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. http://www.zdnet.com/article/redis-labs-secures-multi-million-injection-to-help-compete-with-mongodb-and-cassandra/. 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". https://www.wsj.com/amp/articles/database-provider-redis-labs-raises-44-million-led-by-goldman-1503315001. 
  27. ↑ Wiggers, Kyle (February 19, 2019). "Redis Labs raises $60 million for its NoSQL database". VentureBeat. https://venturebeat.com/2019/02/19/redis-labs-raises-60-million-for-its-nosql-database/. 
  28. ↑ Cai, Kenrick (August 25, 2020). "Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise". Forbes. https://www.forbes.com/sites/kenrickcai/2020/08/25/redis-labs-database-startup-series-f-unicorn/#335f6e73b3a0. 
  29. ↑ "Redis Labs surpasses $2B valuation with latest funding round". April 7, 2021. https://www.zdnet.com/article/redis-labs-surpasses-2b-valuation-with-latest-funding-round. 
  30. ↑ Condon, Stephanie (April 7, 2021). "Redis Labs surpasses $2B valuation with latest funding round". https://www.zdnet.com/article/redis-labs-surpasses-2b-valuation-with-latest-funding-round/. 
  31. ↑ Handy, Alex (June 23, 2017). "Redis Enterprise Comes to the Cloud Foundry Platform". https://thenewstack.io/redis-cloudfoundry-group-microservices/. 
  32. ↑ Meyer, Dan (October 22, 2018). "Redis Labs Integrates With Red Hat OpenShift, Hits 1B Milestone". https://www.sdxcentral.com/articles/news/redis-labs-integrates-with-red-hat-openshift-hits-1b-milestone/2018/10/. 
  33. ↑ Krazit, Tom (April 9, 2019). "Google Cloud makes a big open-source move: Managed databases from Redis Labs, MongoDB, and Elastic coming soon". https://www.geekwire.com/2019/google-cloud-makes-big-open-source-move-managed-databases-redis-labs-mongodb-elastic-coming-soon/. 
  34. ↑ Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". https://techcrunch.com/2020/05/12/microsoft-partners-with-redis-labs-to-improve-its-azure-cache-for-redis/. 

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