Redis (company)

Last updated
Redis, Inc.
Redis, Ltd.
FormerlyRedis Labs, Garantia Data
Company type Private
Industry NoSQL
Founded2011;14 years ago (2011)
Headquarters San Francisco, California, USA
Key people
ProductsRedis Enterprise Software
Redis Enterprise Cloud
Enterprise tiers, Azure Cache for Redis [1]
Website www.redis.io

Redis Ltd. (originally Redis Labs, Garantia Data) is an American private computer software company headquartered in Mountain View, California. Redis is the sponsor of the source-available 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, Bengaluru, and Sofia. [3] [4] [5]

Contents

History

Redis Ltd was founded under the name Garantia Data [6] 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. [7] [8]

In June 2012, the company announced a beta version of its cloud services at GigaOm's Structure LaunchPad. [9] [10] Redis Enterprise Cloud became generally available in February 2013. [11] [12]

In October 2013, Garantia Data acquired MyRedis, a competing hosted Redis provider. [13] On January 29, 2014, the company changed its name from Garantia Data to Redis Labs. [6]

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

In May 2016, the company announced a mechanism for developers to extend Redis, [16] and opened an online marketplace that offers modules certified to work with both open source Redis and Redis' Enterprise products. [17]

In August 2018, the company changed the license of its Redis modules from AGPL to Apache2 modified with Commons Clause. [18]

In February 2019, the company changed the license of Redis modules to Redis Source Available License (RSAL). [19]

In April 2019, the company acquired RDBTools, a graphical user interface (GUI) to manage Redis from HashedIn. [20] Later in the year the company launched the tool as RedisInsight with expanded capabilities to visualize data in Redis modules. [20]

Salvatore Sanfilippo stepped down as Redis's lead maintainer in the end of June 2020, leaving the project in the hands of Redis Labs. [21] On August 11, 2021, the company changed its name from Redis Labs to Redis, having acquired the intellectual property and trademark rights to Redis from Sanfilippo back in 2018. [22]

On March 20, 2024, the company went back on its promise of keeping the 3-clause BSD license [23] and switched the open-source Redis project to a source-available license model. [24]

Between June 15 and July 14, 2024, Redis relocated its headquarters from Mountain View, California to San Francisco, California. 303 2nd St, North Tower Ste 525, San Francisco, California. [25] [26] [27]

The company’s Redis Enterprise platform is presently used by companies such as Capital One, Dick's Sporting Goods, and Kabam. [28]

Funding

The company secured $4 million in seed funding from angel investors in August 2012, [29] an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures (now known as Viola Ventures), [8] [30] an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank, [31] and an additional $14 million in series C funding led by the same investors. [32] 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. [33] [34] Series F funding was concluded in August 2020 raising another $100 million, with TCV joining as a new investor in the company. [35] 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. [36] Redis has raised a net amount of $347 million in funding to-date. [37]

Partnerships

PartnershipYear
Pivotal June 2017 [38]
Red Hat October 2018 [39]
Google Cloud April 2019 [40]
Microsoft Azure May 2020 [1]

References

  1. 1 2 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. Archived from the original on November 1, 2013. 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. ↑ Iolov, Tzvetozar (January 9, 2024). "The software company Redis chose Bulgaria for its new R&D centre". economic.bg.
  6. 1 2 Williams, Alex (January 29, 2014), "Database Provider Garantia Data Makes Another Name Change, This Time To Redis Labs", TechCrunch, Retrieved February 9, 2014.
  7. ↑ Matt, Aslett (February 14, 2013), "Garantia Data goes GA with Redis and memcached cloud services", 451research.com, Retrieved January 2, 2014.
  8. 1 2 "Cloud services co Garantia Data raises $3m", globes.co.il, Retrieved January 2, 2014.
  9. ↑ Deutscher, Maria (November 26, 2012), "Garantia Boosts AWS with Major NoSQL Upgrade", DevOpsAngle, Retrieved January 2, 2014.
  10. ↑ Grant, Rebecca (8/8/2012), "Funding Daily: 8 on 8/8", VentureBeat, Retrieved January 2, 2014.
  11. ↑ Tozzi, Christopher (February 15, 2013), "Garantia Unveils In-Memory NoSQL Cloud Storage Platforms [ usurped ]", The VAR Guy [ usurped ], Retrieved January 2, 2014.
  12. ↑ Marshall, David (February 18, 2013), "Q&A: Interview with Garantia Data Talking Redis Cloud and Memcached Cloud", VMWare VMBlog, Retrieved January 2, 2014.
  13. ↑ Finley, Klint (October 7, 2013), "Dying Cloud Mistakenly Gives Users Three Days to Save Data", wired.com, Retrieved January 2, 2014.
  14. ↑ Butler, Brandon (October 6, 2015), "Hottest products at AWS re:Invent 2015", Retrieved September 11, 2016.
  15. ↑ Kepes, Ben (July 15, 2015),"Redis Labs hires the creator of Redis, Salvatore Sanfilippo", Network World, Retrieved August 30, 2015.
  16. ↑ Adrian Bridgwater (05/11/2016), "Redis aims for an infinite variety of data structures", [IT Knowledge Exchange, Open Source Insider], Retrieved September 19, 2016.
  17. ↑ Jordan Novet (05/10/2016), "Redis launches modules to add extensibility to the open source database", [VentureBeat], Retrieved September 19, 2016.
  18. ↑ Schlothauer, Sarah (August 23, 2018). "Is Commons Clause open source? Weighing in on the Redis license change". JAXenter.
  19. ↑ Dsouza, Melisha (February 22, 2019). "Redis Labs moves from Apache2 modified with Commons Clause to Redis Source Available License (RSAL)". Packt Hub.
  20. 1 2 Dineshwori, Longjam (April 4, 2019). "Redis Labs Acquires RDBTools Developed by Indian Startup". Open Source For You .
  21. ↑ Salvatore Sanfilippo. "The end of the Redis adventure". antirez.com. Retrieved April 9, 2024.
  22. ↑ Redis Labs (August 11, 2021). "Redis Labs Becomes, Simply, Redis" . Retrieved April 9, 2024.
  23. ↑ Ofer Bengal and Yiftach Shoolman (June 30, 2020). "Thank You, Salvatore Sanfilippo". Redis Blog. Retrieved April 9, 2024.
  24. ↑ Rowan Trollope (March 20, 2024). "Redis Adopts Dual Source-Available Licensing". Redis Blog. Retrieved April 9, 2024.
  25. ↑ "Redis Contact Page" . Retrieved April 24, 2025.
  26. ↑ "Redis Company Page (archived June 15, 2024)". Wayback Machine. Retrieved April 24, 2025.
  27. ↑ "Redis Company Page (archived July 14, 2024)". Wayback Machine. Retrieved April 24, 2025.
  28. ↑ "Redis Labs Previews Future Database and Caching Features". TechTarget . Retrieved January 15, 2022.
  29. ↑ "Garantia Data Scores $9M Series A", Dow Jones Private Equity & Venture Capital, Retrieved January 2, 2014.
  30. ↑ 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.
  31. ↑ Wolpe, Toby. "Redis Labs secures multi-million injection to help compete with MongoDB and Cassandra". ZDNet. Retrieved August 25, 2015.
  32. ↑ Frederic Lardinois (July 21, 2016) "Redis Labs raises $14M for its in-memory NoSQL database services", TechCrunch, Retrieved August 22, 2016
  33. ↑ Haggin, Patience (21 August 2017). "Database Provider Redis Labs Raises $44 Million Led by Goldman". Wall Street Journal.
  34. ↑ Wiggers, Kyle (February 19, 2019). "Redis Labs raises $60 million for its NoSQL database". VentureBeat . Retrieved March 2, 2019.
  35. ↑ Cai, Kenrick (August 25, 2020). "Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise". Forbes .
  36. ↑ "Redis Labs surpasses $2B valuation with latest funding round". April 7, 2021.
  37. ↑ Condon, Stephanie (April 7, 2021). "Redis Labs surpasses $2B valuation with latest funding round". ZDNet .
  38. ↑ Handy, Alex (June 23, 2017). "Redis Enterprise Comes to the Cloud Foundry Platform". The New Stack.
  39. ↑ Meyer, Dan (October 22, 2018). "Redis Labs Integrates With Red Hat OpenShift, Hits 1B Milestone". SDX Central.
  40. ↑ Krazit, Tom (April 9, 2019). "Google Cloud makes a big open-source move: Managed databases from Redis Labs, MongoDB, and Elastic coming soon". GeekWire .
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