Redis Labs Inc., which is a software development company for NoSQL databases with the open source code, raised $100 million in the Series F financing round valued more than $1 billion, which makes it a so-called unicorn. The round was co-led by Bain Capital Ventures and TCV with participation by existing investors Francisco Partners Management, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital.
At this point the company has raised more than $246 million and is determined to use these funds for the development of Redis global community, expansion of its team and go-to-market products and also investment in the support products and services in order to provide even more value for its clients.
Redis Labs was founded in 2011 by Ofer Bengal and Yiftach Shoolman. The company currently has more than 7,500 customers, including MasterCard, Dell, Fiserv, Home Depot, Microsoft, Costco, Gap, and Groupon.