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Tiger Global, SoftBank invest in cloud firm Redis Labs at $2b valuation

Tiger Global, SoftBank invest in cloud firm Redis Labs at $2b valuation FILE PHOTO: Japan s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo, Japan, Nov. 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo April 8, 2021 SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday.

$1 Billion in a Single Day – Israeli Tech Sets New Investment Record

A memorial siren brought traffic to a halt in Israel on Thursday as it honored six million Jews killed in. “SoftBank invests in many high-growth tech companies and at the end of the day is the largest tech investor in the world. Our connection to them will impact our success going forward,” noted Bar-El. “I think that SoftBank provides us with a strategic component that no one else can. These sums can create a market and cause disruption that VC funds just aren’t able to. Their aggression, if channeled correctly, can really help growth companies.” SoftBank’s investment in both companies was at a significantly higher valuation compared to their previous funding rounds. It is estimated that SoftBank poured a total of $300 million into both companies. Trax raised funds at a $2.25 billion valuation compared to $1.1 billion in its previous round, while Redis saw its valuation double from around $1 billion to $2 billion.

SoftBank : Redis Labs valued at over $2 billion in latest funding from SoftBank, others

SoftBank : Redis Labs valued at over $2 billion in latest funding from SoftBank, others
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Redis Labs valued at over $2 billion in latest funding from SoftBank, others

By Reuters Staff 2 Min Read (Reuters) - SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday. The company’s other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Israel, Redis Labs’ platform helps organizations process, analyze and forecast data effectively. It has deployed over 1 million databases so far.

Redis Labs raises $110M in new round, valuation reaches $2B

Redis Labs raises $110M in new round, valuation reaches $2B ​ By IANS | ​ 6 Views   New Delhi, April 7 : Database company Redis Labs on Wednesday said it has closed $110 million (about Rs 818 crore) in financing led by a new investor, Tiger Global, which brings the company s valuation to more than $2 billion. The company s Series G round also includes participation from another new investor, SoftBank Vision Fund 2, and existing Redis Labs investor TCV. Additionally, Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction. Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million.

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