Redis Ltd. (originally Redis Labs, Garantia Data) is an American private computer software company headquartered in San Francisco, California. Redis is the sponsor of the source-available in-memory NoSQL database Redis, and the provider of Redis Enterprise software, cloud services, and tools for global companies. The company’s research and development center is based in Tel Aviv, Israel. It has additional offices in London, Austin, Bengaluru, and Sofia.
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.Matt, Aslett (February 14, 2013), "Garantia Data goes GA with Redis and memcached cloud services", 451research.com, Retrieved January 2, 2014.
In June 2012, the company announced a beta version of its cloud services at GigaOm's Structure LaunchPad.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. Redis Enterprise Cloud became generally available in February 2013.Tozzi, Christopher (February 15, 2013), "", , 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.
In October 2013, Garantia Data acquired MyRedis, a competing hosted provider of Redis software.Finley, Klint (October 7, 2013), "Dying Cloud Mistakenly Gives Users Three Days to Save Data", wired.com, Retrieved January 2, 2014.
On January 29, 2014, the company changed its name from Garantia Data to Redis Labs.
In early 2015, Redis Labs made available the Redis Enterprise Pack.Butler, Brandon (October 6, 2015), "Hottest products at AWS re:Invent 2015", Retrieved September 11, 2016. On July 15, 2015, the creator of Redis and its lead developer, Salvatore Sanfilippo, joined Redis Labs. Redis Labs then became the official sponsor of the open source project.Kepes, Ben (July 15, 2015),"Redis Labs hires the creator of Redis, Salvatore Sanfilippo", Network World, Retrieved August 30, 2015.
In May 2016, Redis Labs announced a mechanism for developers to extend Redis,Adrian Bridgwater (05/11/2016), "Redis aims for an infinite variety of data structures", [IT Knowledge Exchange, Open Source Insider], Retrieved September 19, 2016. and opened an online marketplace that offers modules certified to work with both open source Redis and Redis' Enterprise products.Jordan Novet (05/10/2016), "Redis launches modules to add extensibility to the open source database", [VentureBeat], Retrieved September 19, 2016.
In August 2018, Redis Labs changed the license of its Redis modules from AGPL to Apache2 modified with Commons Clause.
In February 2019, Redis Labs changed the license of Redis modules to Redis Source Available License (RSAL).
In April 2019, Redis Labs acquired RDBTools, a graphical user interface to manage Redis from HashedIn. Later in the year, Redis Labs launched the tool as RedisInsight with expanded capabilities to visualize data in Redis modules.
Salvatore Sanfilippo stepped down as Redis's lead maintainer in the end of June 2020, leaving the project in the hands of Redis Labs.
On August 11, 2021, the company changed its name from Redis Labs to Redis, the name of its product, having acquired the intellectual property and trademark rights to Redis from Sanfilippo back in 2018.
On March 20, 2024, Redis went back on its promise of keeping the 3-clause BSD license and switched the open-source Redis project to a source-available license model.
Between June 15 and July 14, 2024, Redis relocated its headquarters from Mountain View, California to San Francisco, California.
The company’s Redis Enterprise platform is widely used, with tens of thousands of companies using their In-Memory Data Store products.
Funding The company secured $4 million in seed funding from angel investors in August 2012,"Garantia Data Scores $9M Series A", Dow Jones Private Equity & Venture Capital, Retrieved January 2, 2014. an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures (now known as Viola Ventures),"Cloud services co Garantia Data raises $3m", globes.co.il, 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. an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank, and an additional $14 million in series C funding led by the same investors.Frederic Lardinois (July 21, 2016) "Redis Labs raises $14M for its in-memory NoSQL database services", TechCrunch, Retrieved August 22, 2016 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. Series F funding was concluded in August 2020 raising another $100 million, with TCV joining as a new investor in the company. 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. Redis has raised a net amount of $347 million in funding to-date.
Partnerships Partnership Year Pivotal June 2017 Red Hat October 2018 Google Cloud April 2019 Microsoft Azure May 2020
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