Redis Raises $110M in Series G
Redis has successfully raised $110M in a Series G at a $2B valuation led by Tiger Global, Softbank Vision Fund 2.
Company Overview
Redis is a Database company headquartered in 700 East El Camino Real, Mountain View, CA 94040, founded in 2011 with 500+ employees.
In-memory database
Fundraising Details
- Amount Raised: $110M
- Round Type: Series G
- Valuation: $2B
- Date: 2024-04-03
- Investors: Tiger Global, Softbank Vision Fund 2
About Redis
In-memory database The company is positioned in the Database sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 700 East El Camino Real, Mountain View, CA 94040
- Founded: 2011
- Team Size: 500+
- Industry: Database
What This Means
This funding round demonstrates strong investor confidence in Redis's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. Redis's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Redis, positioning the company among notable players in the Database industry.
Looking Ahead
With this new capital, Redis is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-04-03. For more information about Redis, visit their headquarters at 700 East El Camino Real, Mountain View, CA 94040.
