Redis

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 $356 million across 8 funding rounds from 12 investors. In March 2024, Redis acquired Speedb to expand beyond its core in-memory database offerings.

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 technology aims to reduce application complexity, simplify development, and accelerate time to market by offering flexible 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, serving enterprise and professional services markets.

Strategic signal

In July 2026, Redis announced a workforce optimization, laying off 27% of its employees at its Israel development center. This move signals a strategic restructuring, potentially aimed at streamlining operations or reallocating resources in response to market conditions or internal priorities, despite the company emphasizing the continued importance of its Israeli R&D hub.

Company Intelligence Q&A

When was Redis founded and by whom?

Redis was founded in January 2011 by Ofer Bengal and Yiftach Shoolman.

What was a significant strategic move by Redis in March 2024?

In March 2024, Redis acquired Speedb.io, a move that signals the company's intent to expand its technological capabilities beyond its traditional in-memory database focus.

What is the total capital raised by Redis and from which investors?

Redis has raised a total of $356 million from investors including Tiger Global Management and TCV across 8 funding rounds.

What was a key operational change at Redis in July 2026?

In July 2026, Redis implemented a workforce reduction, laying off 27% of its employees at its Israel development center.

Which investors participated in Redis's G Round funding in April 2021?

In April 2021, Redis received funding from investors including Tiger Global Management and TCV.