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]
 | |
| Formerly | Redis Labs, Garantia Data |
|---|---|
| Company type | Private |
| Industry | NoSQL |
| Founded | 2011 |
| Headquarters | Mountain View, California, USA |
Key people | Ofer Bengal Yiftach Shoolman Rowan Trollope |
| Products | Redis Enterprise Software Redis Enterprise Cloud Enterprise tiers, Azure Cache for Redis[1] |
| Website | www |
History
editRedis 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’s Redis Enterprise platform is presently used by companies such as Capital One, Dick's Sporting Goods, and Kabam.[24]
Funding
editThe 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]
Partnerships
edit| Partnership | Year |
|---|---|
| Pivotal | June 2017[34] |
| Red Hat | October 2018[35] |
| Google Cloud | April 2019[36] |
| Microsoft Azure | May 2020[1] |
References
edit- ^ a b Lardinois, Frederic (May 12, 2020). "Microsoft partners with Redis Labs to improve its Azure Cache for Redis". TechCrunch.
- ^ Kavis, Mike. "Vendor Spotlight: Garantia – In-memory NoSQL company". Kavis Technology Consulting. Retrieved July 29, 2013.
- ^ Chirileasa, Andrei (December 15, 2020). "US tech group Redis Labs will open R&D center in Bucharest in partnership with local firm". Romania Insider.
- ^ K., Balakumar (October 21, 2020). "Redis Labs to set up development centre in India". TechRadar.
- ^ a b Williams, Alex (January 29, 2014), "Database Provider Garantia Data Makes Another Name Change, This Time To Redis Labs", TechCrunch, Retrieved February 9, 2014.
- ^ Matt, Aslett (February 14, 2013), "Garantia Data goes GA with Redis and memcached cloud services", 451research.com, Retrieved January 2, 2014.
- ^ a b "Cloud services co Garantia Data raises $3m", globes.co.il, Retrieved January 2, 2014.
- ^ Deutscher, Maria (November 26, 2012), "Garantia Boosts AWS with Major NoSQL Upgrade", DevOpsAngle, Retrieved January 2, 2014.
- ^ Grant, Rebecca (8/8/2012), "Funding Daily: 8 on 8/8", VentureBeat, Retrieved January 2, 2014.
- ^ Tozzi, Christopher (February 15, 2013), "Garantia Unveils In-Memory NoSQL Cloud Storage Platforms", The VAR Guy, Retrieved January 2, 2014.
- ^ Marshall, David (February 18, 2013), "Q&A: Interview with Garantia Data Talking Redis Cloud and Memcached Cloud", VMWare VMBlog, Retrieved January 2, 2014.
- ^ Finley, Klint (October 7, 2013), "Dying Cloud Mistakenly Gives Users Three Days to Save Data", wired.com, Retrieved January 2, 2014.
- ^ Butler, Brandon (October 6, 2015), "Hottest products at AWS re:Invent 2015", Retrieved September 11, 2016.
- ^ Kepes, Ben (July 15, 2015),"Redis Labs hires the creator of Redis, Salvatore Sanfilippo", Network World, Retrieved August 30, 2015.
- ^ Adrian Bridgwater (05/11/2016), "Redis aims for an infinite variety of data structures", [IT Knowledge Exchange, Open Source Insider], Retrieved September 19, 2016.
- ^ Jordan Novet (05/10/2016), "Redis launches modules to add extensibility to the open source database", [VentureBeat], Retrieved September 19, 2016.
- ^ Schlothauer, Sarah (August 23, 2018). "Is Commons Clause open source? Weighing in on the Redis license change". JAXenter.
- ^ Dsouza, Melisha (February 22, 2019). "Redis Labs moves from Apache2 modified with Commons Clause to Redis Source Available License (RSAL)". Packt Hub.
- ^ a b Dineshwori, Longjam (April 4, 2019). "Redis Labs Acquires RDBTools Developed by Indian Startup". Open Source For You.
- ^ Salvatore Sanfilippo. "The end of the Redis adventure". antirez.com. Retrieved April 9, 2024.
- ^ Redis Labs (August 11, 2021). "Redis Labs Becomes, Simply, Redis". Retrieved April 9, 2024.
- ^ Ofer Bengal and Yiftach Shoolman (June 30, 2020). "Thank You, Salvatore Sanfilippo". Redis Blog. Retrieved April 9, 2024.
- ^ Rowan Trollope (March 20, 2024). "Redis Adopts Dual Source-Available Licensing". Redis Blog. Retrieved April 9, 2024.
- ^ "Redis Labs Previews Future Database and Caching Features". TechTarget. Retrieved January 15, 2022.
- ^ "Garantia Data Scores $9M Series A", Dow Jones Private Equity & Venture Capital, Retrieved January 2, 2014.
- ^ 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.
- ^ Wolpe, Toby. "Redis Labs secures multi-million injection to help compete with MongoDB and Cassandra". ZDNet. Retrieved August 25, 2015.
- ^ Frederic Lardinois (July 21, 2016) "Redis Labs raises $14M for its in-memory NoSQL database services", TechCrunch, Retrieved August 22, 2016
- ^ Haggin, Patience (21 August 2017). "Database Provider Redis Labs Raises $44 Million Led by Goldman". Wall Street Journal.
- ^ Wiggers, Kyle (February 19, 2019). "Redis Labs raises $60 million for its NoSQL database". VentureBeat. Retrieved March 2, 2019.
- ^ Cai, Kenrick (August 25, 2020). "Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise". Forbes.
- ^ "Redis Labs surpasses $2B valuation with latest funding round". April 7, 2021.
- ^ Condon, Stephanie (April 7, 2021). "Redis Labs surpasses $2B valuation with latest funding round". ZDNet.
- ^ Handy, Alex (June 23, 2017). "Redis Enterprise Comes to the Cloud Foundry Platform". The New Stack.
- ^ Meyer, Dan (October 22, 2018). "Redis Labs Integrates With Red Hat OpenShift, Hits 1B Milestone". SDX Central.
- ^ Krazit, Tom (April 9, 2019). "Google Cloud makes a big open-source move: Managed databases from Redis Labs, MongoDB, and Elastic coming soon". GeekWire.