Raises $110 Million Led by Tiger Global Management
Summary
Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million and will continue to invest in expanding the company’s global footprint, advancing its market-leading real-time data platform, and delivering world-class customer support. With a strong foundation with developers and in AI applications, Redis has become a critical component for global enterprises to compete in the digital economy,” said Vikas Parekh, Partner at SoftBank Investment Advisers. “We’re not only excited about the role Redis is playing as a real-time data platform in the cloud, but the fast-growing opportunity to help companies make greater use of intelligence to make better business decisions and create new customer experiences through data.” Redis Labs closed an exceptional fiscal year ending in January 2021 as the need for real-time data collection and analytics has accelerated for every business. Attendees will have the opportunity to dive into the latest product experiences, get hands-on training, network with other Redis pros, and show off their skills by participating in a $100,000 hackathon. Designed for the cloud-native world, Redis Enterprise uniquely unifies data across hybrid, multi-cloud, and global applications, to maximize your business potential.
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