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.