Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise - News Summed Up

Redis Labs, Maker Of Database Software, Hits $1 Billion Valuation With New Fundraise


Redis LabsDatabase software startup Redis Labs is Silicon Valley’s latest unicorn thanks to a new funding round that comes on the heels of strong pandemic momentum. “For companies like ours, it's all about fast growth,” Bengal tells Forbes. There is no way around it.”Redis Labs sells software and a cloud service based around Redis, an open source database. But Redis Labs is not alone in its space. The new funding will go towards sales and marketing, the continued sponsorship of open source Redis and additional product innovation, Bengal says.


Source: Forbes August 25, 2020 12:22 UTC



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