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, 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, Garantia Data 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 Labs made available the Redis Enterprise Pack.[13] 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.[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]
Salvatore Sanfilippo stepped down as Redis's lead maintainer in the end of June 2020, leaving the project in the hands of Redis Labs.[20] 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.[21]
On March 20, 2024, the company went back on its promise of keeping the 3-clause BSD license[22] and switched the open-source Redis project to a source-available license model.[23]
The company secured $4 million in seed funding from angel investors in August 2012,[25] an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures (now known as Viola Ventures),[7][26] an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank,[27] and an additional $14 million in series C funding led by the same investors.[28] 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.[29][30]
Series F funding was concluded in August 2020 raising another $100 million, with TCV joining as a new investor in the company.[31] 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.[32] Redis has raised a net amount of $347 million in funding to-date.[33]
