COMPANY NEWS: Sysdig, the unified container and cloud security leader, today announced it has raised a US$350 million Series G funding round at a valu.
5 Companies That Came To Win This Week
For the week ending April 9, CRN takes a look at the companies that brought their ‘A’ game to the channel. By Rick Whiting April 09, 2021, 01:18 PM EDT
The Week Ending April
Topping this week’s Came to Win list is Google for the U.S. Supreme Court decision in Google’s favor in a long-running copyright lawsuit from Oracle.
Also making the list are Intel for debuting its long-awaited “Ice Lake” third-generation Xeon Scalable CPUs, next-generation database developer Redis Labs for an impressive nine-figure funding round, solution provider Pythian Services for a savvy acquisition that expands its SAP services capabilities, and Nutanix channel chief Christian Alvarez for winning the 2021 CRN Channel Madness Tournament of Chiefs.
Database Developer Redis Labs Snags $110M In Late-Stage Funding Round
Developer of the popular Redis open-source database achieves a market value of more than $2 billion with investments led by Tiger Global. By Rick Whiting April 07, 2021, 05:16 PM EDT
Open-source database software developer Redis Labs has raised $110 million in Series G Financing, the company said Wednesday, pushing its valuation over the $2 billion threshold.
The company will use the new funding to continue development of its real-time data platform, based on its popular in-memory database, as well as expand the company’s global footprint and boost customer support.
The additional financing brings Redis Labs total financing to $347 million, according to the Mountain View, Calif.-based big data company.