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Redis Labs
Enterprise Software
Redis is a Mountain View-based data infrastructure company providing commercial support and cloud services around the widely used open-source Redis in-memory database, commonly used for caching and real-time applications.
$1.38B
+$9.03
104.25%
30 days ago
$8.66
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Redis Labs, the company now operating simply as Redis, was founded in 2011 by Ofer Bengal and Yiftach Shoolman, building a commercial business around Redis, an open-source in-memory data store originally created by Salvatore Sanfilippo in 2009 that has become one of the most widely adopted pieces of open-source data infrastructure globally, valued for its extremely fast performance since it primarily stores data in a server's memory (RAM) rather than on slower disk-based storage, making it particularly well suited to use cases requiring very fast data access, such as caching frequently accessed data to reduce load on slower primary databases, managing real-time features like leaderboards and session data, and supporting various real-time messaging and queuing use cases. Redis's commercial offerings include Redis Cloud, a fully managed cloud database service that removes the operational burden of self-hosting and scaling Redis infrastructure, and Redis Enterprise, offering additional enterprise features, support, and management capabilities for organizations running Redis at scale, either self-hosted or through Redis's own managed services, monetizing on top of the widely adopted free, open-source core Redis technology that remains available for anyone to download and self-host without cost. The company has navigated some controversy within parts of the open-source community regarding changes to Redis's software licensing terms in 2024, which restricted certain commercial uses of the Redis source code by competing cloud providers, a licensing change common among several open-source infrastructure companies seeking to prevent large cloud providers from offering competing managed Redis services built on the same open-source codebase without contributing back to the original project's commercial sustainability, though such licensing changes have also drawn criticism from some open-source purists concerned about the broader implications for open-source software licensing norms. Redis's technology has become deeply embedded in modern application architecture given its widespread adoption for caching and real-time data use cases across a very large share of internet-scale applications. The company has raised very substantial venture funding from investors including Goldman Sachs Asset Management, Bain Capital Ventures, and Tiger Global, reaching a valuation exceeding $2 billion.
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