Redis Labs Raises $15M In Series B Funding For High Throughput, Low Latency, NoSQL Database Platform And Cloud

On June 25, Redis Labs announced the finalization of $15M in a Series B funding round led by Bain Capital Ventures and Carmel Ventures. The funding raise validates the traction of Redis Labs and its cloud platform, the Redis Cloud, a fully managed cloud platform for running Redis databases. An open source, in-memory, key value data store, Redis boasts the capability to facilitate a high volume of read and write requests with sub-millisecond latency. The single threaded event-driven architecture of Redis in conjunction with its other protocols allows Redis to claim speeds that exceed its in-memory database competitors by 5-10x. Popular use cases for Redis involve leaderboards, session management and player profiles with reference to gaming applications. Other use cases include message queues, search engines and caching in highly interactive web applications that need to scale to tens of millions of users, each of which may have a unique user profile and representation in dynamically updated, application-related lists that represent how many “objects” are being “followed” or “saved” by a user. Last week’s funding raise brings the total capital raised by Redis Labs to $28M. With paying customers that include Hotel Tonight, Bleacher Report and Docker and a healthy infusion of Series B funding, Redis Labs stands poised to capitalize on its meteoric growth since the company was founded in 2011. Within a broader landscape of growing adoption of NoSQL databases and a proliferation of datacentric, mobile and web-based applications that require real-time updates that cascade across a constellation of database objects, expect Redis Labs to continue to drive innovation with respect to enterprise-grade Redis deployments and to spearhead Redis adoption more generally.

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