Redis Revenue, Valuation, Funding & Investors
Redis is valued at $2B as of April 2021.
Last Redis valuation
$2B
Series G · Apr 2021
Last Redis funding round
$110M
Series G · Apr 2021
Redis revenue
$35M
Series F · Aug 2020
Key investors in Redis
Bain Capital Ventures
Dell Technologies Capital
Viola Ventures
TCV
Goldman Sachs Growth Equity
Silicon Valley Bank
About Redis
Redis is a San Francisco-headquartered data platform originating from open-source roots in 2011, recognized as the leading solution for caching and vector search. It powers applications with in-memory databases available in cloud and on-premises deployments across San Francisco, Austin, London, and Tel Aviv offices. Network operators and digital businesses deploy Redis for real-time data processing in gaming, e-commerce, and AI workloads.
Founded
2011
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$35M (Aug 2020)
Valuation
$2B (Apr 2021)
Redis Valuation
Redis is currently valued at $2B, based on its Series G in April 2021.
The $110M round was led by Tiger Global, with participation from SoftBank Group and TCV.
Redis' valuation has grown 2.0x from $1B at its Series F in August 2020 to $2B in April 2021, across 2 priced rounds.
Redis valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2021 | Series G | $2B | - |
| Aug 2020 | Series F | $1B | 28.6x |
Redis Revenue
Redis' latest recorded revenue is $35M, as of its Series F in August 2020. At a $1B valuation, that implies a 28.6x revenue multiple.
Redis revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2020 | $35M | $1B | 28.6x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Redis Funding History
Redis has raised a total of $352M across 7 funding rounds, plus 2 secondary share sales.
Redis' first fundraising round was a $9M Series A in November 2013. The most recent completed round was a $110M Series G in April 2021.
Redis funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2024 | Secondary | Generation Investment Management | - | - | Generation Investment Management bought existing Redis shares in a secondary transaction reported on 4 April 2024, becoming a new shareholder in the in-memory database company. The sellers were Tiger Global and Israeli firm Viola, the latter liquidating the position it had held since Redis's first institutional round in 2012. Press reports put the combined block sold to Generation and a group of existing investors at USD 200-300 million at a company valuation above USD 2 billion; no figure was tied to Generation's own purchase. |
| Dec 2021 | Secondary | Victor Koch | $1M | - | - |
| Apr 2021 | Series G | Tiger Global (lead); SoftBank Group; TCV | $110M | $2B | Redis Labs (now Redis), founded in 2011 by Ofer Bengal and Yiftach Shoolman, develops Redis Enterprise, a real-time data platform built on the open-source Redis key-value store, enabling high-performance in-memory database solutions for caching, analytics, and real-time applications across industries. The company supports integrations with major cloud providers like AWS, Google Cloud, and Microsoft Azure, positioning it as an enterprise-grade NoSQL database management system. In April 2021, Redis Labs closed a $110 million Series G funding round led by Tiger Global, with participation from new investor SoftBank Vision Fund 2 and existing investor TCV, bringing total funding to $347 million. The round valued the company at more than $2 billion post-money, doubling from its prior $1 billion valuation in an August 2020 Series F round of $100 million. Separately, Tiger Global, SoftBank Vision Fund 2, and TCV acquired additional shares in a $200 million secondary transaction. Proceeds from the primary raise were earmarked for expanding global footprint, advancing the real-time data platform, and enhancing customer support. At the time, Redis Labs reported strong traction, including over 8,000 paying customers with 31% of the Fortune 100, net retention rate above 120%, and 54% revenue CAGR over three years ending January 2021. It was recognized by Gartner as a Challenger in the 2020 Magic Quadrant for Cloud Database Management Systems. Existing investors included Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures, and Dell Technologies Capital. |
| Aug 2020 | Series F | Bain Capital Ventures (lead); TCV (lead); Viola Ventures; Goldman Sachs Growth Equity; Francisco Partners; Dell Technologies Capital | $100M | $1B | Redis Labs (now Redis), developer of the open-source Redis in-memory data structure store, raised $100M in a funding round around August 2020 led by Bain Capital Ventures and TCV, with participation from Dell Technologies Capital, Francisco Partners, Goldman Sachs Growth Equity, and Viola Ventures. The round focused on accelerating delivery of their database management system and potentially consolidating complementary tools. An earlier Series E in 2019 raised $60M led by Francisco Partners at a $146M valuation. The company provides a high-performance, real-time data platform used for caching, vector search, and AI workloads, serving over 12,000 paying customers today including a third of the Fortune 100 like OpenAI and Uber. Redis has evolved from its 2011 open-source origins to a multi-cloud database leader. By 2022 when CEO Rowan Trollope joined, ARR reached $200M, growing to $300M recently amid AI demand, with recent traction in AI agent memory (42% developer preference in 2025 Stack Overflow survey) and RedisVL downloads hitting 1M in December 2025. It now has 50+ customers spending over $1M annually, up 20% YoY. |
| Feb 2019 | Series E | Francisco Partners (lead); Viola Ventures; TCV; Goldman Sachs Growth Equity; Bain Capital Ventures; Dell Technologies Capital | $60M | - | Redis Labs (now Redis) raised $60 million in a Series E funding round in early 2019, led by Francisco Partners, with participation from Bain Capital Ventures, Dell Technologies Capital, Goldman Sachs Growth Equity, TCV, and Viola Ventures. The round was announced alongside the company's fiscal year 2019 results ending January 31, 2019, which showed 14 consecutive quarters of double-digit growth and over 60% annual growth. Redis Enterprise, the company's commercial offering built on the open-source Redis in-memory database, powers instant experiences for modern applications with high performance, availability, and scaling. Major enterprises adopted Redis Enterprise, including 70% of Fortune 10 and 36% of Fortune 50 companies, with new wins like Alliance Data, ANZ Bank, Applied Materials, British Airways, Carrefour, Dick's Sporting Goods, FedEx, Thomas Cook, Mercedes Benz, Nordea, UIPath, and WestPac. The funding was earmarked to accelerate sales, marketing, and product development to meet demands for multi-model, cloud-native databases. Redis Labs emphasized its market leadership, recognized as January 2019 Gartner Peer Insights Customers' Choice for Operational Database Management Systems with the highest rating among top providers, and achieving 1 billion Docker Hub launches in 2018. Recent announcements highlight Redis passing $300M in ARR in late 2025/early 2026, driven by AI infrastructure demand, with 12,000 paying customers including a third of Fortune 100, and over 50 customers spending more than $1M annually (up 20% YoY). The company has evolved into a key player for caching, vector search, and AI agent memory, with strong developer adoption shown in 2025 Stack Overflow surveys and RedisVL downloads. |
| Aug 2017 | Series D | Goldman Sachs Growth Equity (lead); Viola Ventures; Bain Capital Ventures; Dell Technologies Capital | $44M | - | Redis Labs (now Redis), founded in 2011 by Ofer Bengal and Yiftach Shoolman, develops Redis Enterprise, a commercial offering built on the open-source Redis in-memory database created in 2009 by Salvatore Sanfilippo. The company provides high-performance, real-time data processing capabilities used as a database, cache, or message broker, serving over 70,000 registered accounts and 7,400 enterprise customers globally as of August 2017. Redis was recognized as the most loved database in a Stack Overflow survey of over 60,000 developers and as Technology of the Year by InfoWorld, positioning it as the fastest-growing database. On August 21, 2017, Redis Labs announced a $44 million Series D funding round, led by Goldman Sachs Private Capital Investing (noted as Goldman Sachs Growth Equity in some contexts), with participation from existing investors Bain Capital Ventures, Carmel Ventures (later Viola Ventures), and Dell Technologies Capital. This brought total funding to $86 million. The company reported 70% year-over-year revenue growth in the most recent quarter prior to the announcement. Funds were earmarked to strengthen database leadership, support market penetration, and meet enterprise demand for the in-memory platform across geographies and sectors. Investors highlighted tremendous business momentum and potential in enterprise-grade, high-performance databases. Subsequent rounds included a $60 million Series E in early 2019 led by Francisco Partners with the same investors participating. Later rounds such as Series G in 2021 exceeding $2 billion or Series F in 2020. |
| Jul 2016 | Series C | Bain Capital Ventures (lead); Viola Ventures (lead); Zohar Gilon; Silicon Valley Bank; Dell Technologies Capital | $14M | - | - |
| Jun 2015 | Series B | Bain Capital Ventures (lead); Viola Ventures (lead); Silicon Valley Bank; Dell Technologies Capital | $15M | - | Redis Labs (now Redis) raised $15 million in a Series B funding round on June 25, 2015, led by Bain Capital Ventures and Carmel Ventures (now Viola Ventures), with participation from Silicon Valley Bank. The funding brought the company's total capital raised to $28 million. Redis Labs provides Redis Cloud, a fully-managed cloud service, and Redis Enterprise Cluster (RLEC), downloadable enterprise software for high-performance applications including real-time analytics, fast transactions, and caching. The round aimed to expand marketing and sales of its hybrid database offerings to meet enterprise demand. At the time, Redis Cloud had achieved 116 percent growth in new paying customers over the prior year and served 4,900 paying customers, including enterprises like Hotel Tonight, Bleacher Report, and Docker. The investment built on prior success with open-source Redis adoption and NoSQL maturation. |
| Nov 2013 | Series A | Bain Capital Ventures (lead); Viola Ventures (lead); Dell Technologies Capital | $9M | - | Redis, founded in 2011 as Garantia Data by Ofer Bengal and Yiftach Shoolman, develops Redis Enterprise, a commercial offering built on the open-source Redis in-memory database. The company provides high-performance data processing for enterprise applications, including cloud services that became generally available in February 2013. In May 2013, Redis raised $9 million in Series A funding led by Bain Capital Ventures and Viola Ventures (then Carmel Ventures). This followed a $4 million seed round in August 2012 from angel investors. The Series A supported expansion of Redis Enterprise Cloud and operational growth. Redis continued fundraising with a $15 million Series B led by existing investors and Silicon Valley Bank, followed by a $14 million Series C. The company has raised a total of $347 million across multiple rounds, achieving later milestones like surpassing $300 million in annual recurring revenue. |
Who has invested in Redis?
12 investors have backed Redis across its funding rounds, including Bain Capital Ventures, Dell Technologies Capital, Viola Ventures, TCV, Goldman Sachs Growth Equity and Silicon Valley Bank.
Lead investors include Tiger Global, Bain Capital Ventures, TCV, Francisco Partners, Goldman Sachs Growth Equity and 1 other investor.
Redis Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Herzliya | 6 | Lead | Nov 2013 | |
| San Francisco, CA | 6 | Lead | Nov 2013 | |
| San Francisco, CA | 6 | Participant | Nov 2013 | |
| San Francisco, CA | 3 | Lead | Feb 2019 | |
| New York City, NY | 3 | Lead | Aug 2017 | |
| San Jose, CA | 2 | Participant | Jun 2015 | |
| San Francisco, CA | 2 | Lead | Feb 2019 | |
 Tokyo | 1 | Participant | Apr 2021 | |
 Hong Kong | 1 | Participant | Dec 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Zohar Gilon | Israel | 1 | Participant | Jul 2016 |
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Start Free TrialAcquisitions by Redis
Redis has acquired 5 companies to date.
Last acquisition by Redis was on October 9th 2025. Redis acquired Featureform for undisclosed valuation.
Latest Acquisitions by Redis
| Description | Featureform is an open-source virtual feature store allowing data scientists to define, manage, and serve ML features organization-wide. It supports online and offline stores with integrations for Redis, PostgreSQL, and Spark, deployed on Kubernetes. The San Francisco-headquartered platform unifies feature pipelines across teams, used by enterprises in adtech and fintech since its 2022 launch. | Speedb is a Tel Aviv-based database company offering a key-value store engine compatible with RocksDB, enhancing performance for cloud-native applications. The platform supports persistent memory tiers, achieving 10 million QPS at sub-millisecond latency on NVMe storage. Speedb serves hyperscalers like Tencent Cloud and edge computing for IoT deployments worldwide. | RESP.app is a graphical user interface platform designed for respiratory therapy monitoring and data visualization. The tool displays real-time spirometry readings, patient waveforms, and therapy compliance metrics for clinicians. Available on web and mobile, it integrates with devices like spirometers and ventilators to generate reports compliant with medical standards. | RDBTools is a cross-platform graphical user interface for Redis databases. Developed with emphasis on low memory footprint, it visualizes key-value stores, supports query analysis, memory profiling, and performance optimization for developers managing large-scale Redis deployments. | |
| HQ Country | | |  | | |
| HQ City | San Francisco, CA | Lahavot HaViva | Kharkiv | San Francisco, CA | |
| Deal Date | 9 Oct 2025 | 21 Mar 2024 | 2 Nov 2022 | 3 Apr 2019 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Redis Competitors
Redis competitors include listed companies like Oracle Corp Japan and Nutanix, and private ones like Druva, WEKA, Dt Dream and Aiven.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Jose, CA | Private | $100M | - | $2B | 20.0x | |
| San Jose, CA | Private | $100M | - | $1.6B | 16.0x | |
 Hangzhou | Private | - | - | $1.5B | - | |
 Helsinki | Private | $100M | - | $3B | 30.0x | |
| Japan | Publicly listed | $1.8B | $589M | $7.7B | 3.9x | |
| United States | Publicly listed | $2.5B | $230M | $19B | 6.2x |
Redis Public Comps
Redis is still privately-owned, but its public comps include ESDS Software, Business-intelligence, SharonAI, UCloud Technology, Transwarp, VNET Group, C3.ai, TRS Information Technology, Nava and SoftwareOne.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $49M | $25M | 38.3x | 13.8x | 76.7x | 56.6x | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $2M | ($36M) | 752.3x | 13.7x | (32.7x) | 46.2x | |||
| $253M | $31M | 7.7x | - | 63.2x | - | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
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Common questions about Redis
| When was Redis founded? | Redis was founded in 2011. |
| Where is Redis headquartered? | Redis is headquartered in San Francisco, CA, United States. |
| Is Redis publicly listed? | No, Redis is a private, VC-backed company. |
| What is Redis' valuation? | Redis was last valued at $2B in its Series G in April 2021. |
| How much funding has Redis raised? | Redis has raised $352M across 7 funding rounds. |
| What was Redis' last funding round? | Redis' last funding round was a $110M Series G in April 2021, led by Tiger Global. |
| Who are Redis' investors? | Redis' investors include Viola Ventures, Bain Capital Ventures, Dell Technologies Capital, TCV, Goldman Sachs Growth Equity, Silicon Valley Bank, Francisco Partners, SoftBank Group, Victor Koch, Zohar Gilon and 2 others. |
| What is Redis' revenue? | Redis' latest recorded revenue is $35M (August 2020). |
| What is Redis' revenue multiple? | Redis' latest valuation implies a 28.6x revenue multiple ($1B valuation on $35M of revenue). |
| Which companies are comparable to Redis? | Companies comparable to Redis include Druva, WEKA, Dt Dream, Aiven, Oracle Corp Japan and Nutanix. |
| How many companies has Redis acquired? | Redis has acquired 5 companies, including Featureform, Speedb, RESP.app, RDBTools and Redis Weekly. |
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