Redis Labs Raises $60M in Series E Financing
Summary
Redis Labs co-founders Yiftach Shoolman, CTO (L) and Ofer Bengal, CEO (R). In conjunction with the investment, Francisco Partners’ Chief Investment Officer David Golob will join the Redis Labs Board of Directors and Operating Partner Eran Gorev will join as a board observer. The commercial product, Redis Enterprise leverages modern in-memory technologies such as NVMe and Persistent Memory to offer cost-effective deployment over multiple public clouds and on-premise data centers. To drive further enterprise adoption, the company signed strategic partnerships with Pivotal, Red Hat and others. Bengal and Yiftach Shoolman were joined by Salvatore Sanfilippo, the creator of Redis, as leader of open source development, in July 2015.
Funding
Amount
$60.0M
Total raised
Date
February 19, 2019
Announcement date
Investors
Bain Capital Ventures, Redis Labs, Goldman Sachs
Lead investors
Company
http://www.redislabs.com
Funded company
Classifications
industries
Entertainment
applications
Data Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Redis Labs Ltd
$50M to $100M