Company Overview
Snapshot
Founded in January 2011 by Ofer Bengal and Yiftach Shoolman, Redis has grown to over 1,000 employees. The company has raised a total of $356M across 8 funding rounds from 12 investors, with Tiger Global Management leading a round in April 2021. In March 2024, Redis acquired Speedb to expand its in-memory database capabilities.
Business overview
Redis develops the open-source Redis Database and provides Redis Enterprise, an in-memory database platform designed for transactional, analytics, and hybrid deployments. This platform is available as a service across major public, private, and hybrid clouds, as well as downloadable software. Redis Enterprise powers real-time applications in areas such as eCommerce, social media, personalization, IoT, metering, and fraud detection. The company's database technology aims to reduce application complexity, simplify development, and accelerate time to market, offering flexibility through its data structures and modules. Redis operates within the Business Software sector, focusing on IT, R&D & Data Solutions, Data Architecture, and Data Analysis & Decision Support, with a core technology in Data Storage and Cloud solutions for enterprise and professional services.
Strategic signal
In July 2026, Redis announced a significant workforce optimization, laying off 27% of its employees in Israel. This move, despite the company's previous valuation of over $2 billion and substantial funding, signals a strategic restructuring possibly aimed at streamlining operations or adapting to market shifts, even as demand for AI infrastructure is noted as a growth driver.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent operational change at Redis?
- In July 2026, Redis announced the layoff of 27% of its employees in Israel, indicating a strategic restructuring of its operations.
- When did Redis acquire Speedb?
- Redis acquired Speedb in March 2024 to enhance its in-memory database capabilities and expand beyond its core offerings.
- What was a key partnership announced by Redis in 2023?
- In September 2023, Redis announced the availability of Redis Enterprise Cloud Integration with Amazon Bedrock, enhancing its offerings within the AWS ecosystem.
- What was a significant partnership for Redis in 2020?
- In May 2020, Microsoft partnered with Redis to improve its Azure Cache for Redis, strengthening the company's cloud database presence.