Redis (company) explained

Redis, Inc.
Redis, Ltd.
Type:Private
Former Name:Redis Labs, Garantia Data
Foundation:2011
Location:Mountain View, California, USA
Key People:Ofer Bengal
Yiftach Shoolman
Industry:NoSQL
Products:Redis Enterprise Software
Redis Enterprise Cloud
Enterprise tiers, Azure Cache for Redis[1]

Redis Ltd. (originally Redis Labs, Garantia Data) is an Israeli 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 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.[5] [6]

In June 2012, the company announced a beta version of its cloud services at GigaOm's Structure LaunchPad.[7] [8] Redis Enterprise Cloud became generally available in February 2013.[9] [10]

In October 2013, Garantia Data acquired MyRedis, a competing hosted Redis provider.[11] On January 29, 2014, the company changed its name from Garantia Data to Redis Labs.[12]

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. 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

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),[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

Partnership Year
June 2017[34]
October 2018[35]
Google CloudApril 2019[36]
May 2020[37]

Notes and References

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

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