Redis Labs lands $60m funding, scales up globally
Redis Labs, best known as the creator of the free, open source Redis database, has raised $60 million in Series E financing led by a new investor, Francisco Partners.
The round also saw participation from existing investors, Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures and Dell Technologies Capital. Red Labs, whose customers include American Express, Staples and Mastercard, has now raised $146 million. “The impact of the Redis platform is being experienced everywhere as enterprises look to modernise or build new applications,” says Ofer Bengal, Co-founder and CEO at Redis Labs.
“This financing enables us to accelerate our strategy to deliver the fastest and most efficient database to the world and enable instant experiences for any modern application.”
“Customers and partners alike tell us that Redis Labs has built the most robust and capable database solution for real-time computing across cloud, on-premise and hybrid environments,” says Matt Spetzler, Partner and Co-Head of Europe at Francisco Partners. “We are thrilled to be partnering with Redis Labs’ team as the company scales up globally to meet the needs of the Internet economy.”