SpeeDB.io

Company Overview

Snapshot

Founded in October 2020 by Adi Gelvan, Mike Dorfman, and Hilik Yochai, SpeeDB.io operates with 11–50 employees. The company secured $4M in total capital raised across one funding round from two investors, with Hyperwise Ventures as a lead investor. In March 2024, SpeeDB.io was acquired by Redis.

Business overview

SpeeDB.io is a Business Software company focused on revolutionizing the key-value database market. It develops a next-generation data engine designed to overcome the capacity, scale, and performance limitations of existing solutions. The company's core technology is a data storage solution that serves enterprises within the IT, R&D, and Data Solutions sectors, specifically focusing on Data Architecture.

Strategic signal

The acquisition of SpeeDB.io by Redis in March 2024 is a significant validation of its advanced data storage engine technology. This strategic move allows Redis to expand its offerings beyond DRAM, leveraging SpeeDB.io's advancements in SSD storage and transfer rates. For investors, this signals the high value placed on innovative data architecture solutions that address scalability and performance challenges in the enterprise market, demonstrating SpeeDB.io's successful development of a technology with strong market demand and integration potential.

Company Intelligence Q&A

What was the most significant recent corporate development for SpeeDB.io?

In March 2024, SpeeDB.io was acquired by Redis. This acquisition allows Redis to integrate SpeeDB.io's data storage engine to enhance its platform with capabilities for speed and scale, particularly in SSD storage and transfer rates.

When was SpeeDB.io founded and by whom?

SpeeDB.io was founded in October 2020 by Adi Gelvan, Mike Dorfman, and Hilik Yochai.

What is SpeeDB.io's core technology?

SpeeDB.io develops a next-generation data engine focused on revolutionizing the key-value database market by overcoming capacity, scale, and performance limitations of existing solutions.

Which investors participated in SpeeDB.io's funding rounds?

In November 2020, SpeeDB.io received funding from Hyperwise Ventures.

What is the total capital raised by SpeeDB.io?

SpeeDB.io has raised a total of $4M across one funding round.