Cloud firm Redis Labs valued at $2 bil as SoftBank, Tiger Global invest japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
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Less than eight months after closing a $100 million late-stage funding round that valued the company at more than $1 billion, Redis Labs Inc. is further bulking up its coffers with $110 million in financing led by a new investor, Tiger Global Management LLC.
The infusion brings Redis’s total funding to $347 million and its valuation to more than $2 billion. The company said it will use the investment to expand its global reach and support. Redis’ existing investors include blue-chip venture firms Bain Capital Ventures LP, Francisco Partners Management LLC, Goldman Sachs Group Inc.’s Growth fund and Dell Technologies Inc.’s Dell Capital.
[Funding alert] California startup Redis Labs raises $110M led by Tiger Global yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.