Author: Redis Labs

Feed: Redis Labs. Author: Steve Naventi. Open source database company Redis Labs has announced a late-stage $110 million financing round, bringing its valuation to over $2bn.This is a Series G round for the company and brings the total funding it’s raised to $347 million. This doesn't include a secondary market transaction also announced this week, in which investors bought equity from each other.In this funding round, the company snagged two new investors, Tiger Global and SoftBank's Vision Fund. Tiger Global invested in new Redis Labs equity, while also participating in the secondary market transaction along with SoftBank and existing investor ... Read More

Feed: Redis Labs. Author: Maygol Kananizadeh. Digital transformation has been an ongoing journey for many organizations across industries for the past few years. However, this transformation was significantly accelerated this past year due to COVID-19. Since people’s day to day lives have become more digital, their expectations—not surprisingly—have grown much more real-time in nature. And having access to real-time data is a key component for all organizations to ensure they can deliver the best experience to their users. As the builders of a real-time data platform, we find ourselves at the center of many digital transformation projects. We believe that for ... Read More

Feed: Redis Labs. Author: Steve Naventi. Payal Ganguly 7 Apr, 2021 Mountain View, California headquartered Redis Labs, which operates opensource database management system NoSQL and Redis Enterprise, has raised $110 million in a growth funding round, at a valuation of over $2 billion.  Tiger Global led the round, dubbed Series G, which saw the US firm’s valuation double from its previous fundraise – a $100 million round in August 2020. SoftBank Vision Fund 2, which is yet to announce its final close, also participated in the round, along with returning investor TCV, as per a statement.  Additionally, the round has a ... Read More

Feed: Redis Labs. Author: Steve Naventi. Database startup Redis Labs announced a $110 million Series G round at a valuation over $2 billion. Redis Labs plans to go public within a year, and has hit $100 million in annual recurring revenue. Redis Labs is forging more partnerships with Amazon Web Services, Microsoft Azure, and Google Cloud. See more stories on Insider's business page. Redis Labs, the startup behind the popular Redis database software, has surpassed a $2 billion valuation — about double the over $1 billion it was last valued at in August — as it prepares for an IPO ... Read More

Feed: Redis Labs. Author: Ajeet Raina. The Redis community is constantly innovating, and our annual hackathons bring creative minds together and provide developers with a platform to build new ideas using Redis. Last year we challenged more than 320 hackers to build applications using Redis beyond caching. This year, join us for the “Build on Redis” hackathon for a chance to win one of 52 prizes totaling $100,000 USD! Building begins on Thursday, April 15—five days before RedisConf—and will run for a full month until Saturday, May 15. At its heart, Redis Lab’s hackathons are less group coding events and more like a “communal brainstorming.” We focus on creating an atmosphere where the ... Read More

Feed: Redis Labs. Author: Steve Naventi. Redis Labs, the company behind the popular open source database, announced Wednesday that it closed its Series G funding round, securing $110 million in financing and bringing its valuation up to more than $2 billion. The financing is led by Tiger Global and includes participation from Softbank Vision Fund 2 -- both new investors in the company. Redis Labs, which was founded in 2011, has now raised a net amount of $347 million and plans to use its financing to expand its global footprint, advance its real-time data platform and deliver customer support. The new funding ... Read More

Feed: Redis Labs. Author: Steve Naventi. SoftBank Vision Fund 2 and TCV join Series G financing which brings company valuation to more than $2 billion Mountain View, April 7, 2021—Redis Labs today announced it has closed $110 million in financing led by a new investor, Tiger Global, which brings the company’s valuation to more than $2 billion. The company’s Series G round also includes participation from another new investor, SoftBank Vision Fund 2*, and existing Redis Labs investor TCV. Additionally, Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction.  Founded in 2011 by Ofer ... Read More

Feed: Redis Labs. Author: DaShaun Carter. The Azure Cache for Redis Enterprise tiers are now released for general availability, and that’s great news for app developers. It brings together the advanced performance, high availability, and extended data structure functionality of Redis Enterprise with Azure’s global presence, flexibility, security, and compliance in an incredible tool for developers. The service consists of two new Enterprise tiers: Enterprise, which uses volatile memory (DRAM) on a virtual machine to store data.Enterprise on Flash, which uses both volatile and non-volatile memory (NVMe) to store data. Azure Cache for Redis Enterprise has been in preview since October ... Read More

Feed: Redis Labs. Author: Abhishek Gupta. Redis has a versatile set of data structures ranging from simple Strings all the way to powerful abstractions such as Redis Streams. The native data types can take you a long way, but there are certain use cases that may require a workaround. One example is the requirement to use secondary indexes in Redis in order to go beyond the key-based search/lookup for richer query capabilities. Though you can use Sorted Sets, Lists, and so on to get the job done, you’ll need to factor in some trade-offs.  Enter RediSearch! Available as a Redis module, ... Read More

Feed: Redis Labs. Author: Kyle Banker. RedisConf is back this year from April 20–21! Join thousands of Redis enthusiasts in more than 60 breakout sessions and keynotes, challenge yourself in the $100K hackathon, and build your Redis expertise in four new (and free!) training courses: Running Redis at ScaleRedis and Spring: Building High Performance RESTful APIsRedis and .NET: Building High Performance RESTful APIsThe Node.js Redis Crash Course You can read about each of these courses below. Just know that all of the training courses will open on April 12, the week before RedisConf. Each training course will include a video-based, on-demand component plus live sessions with the ... Read More