Shulou(Shulou.com)05/31 Report--

Redis Labs made headlines last year when it controversially changed the license of the previous free add-in to Common Clause, requiring service providers to pay a fee. Today, a start-up in Mountain View, Calif., announced that it had raised $60 million in E-Series funds. This round of financing is led by Francisco Partners, with the participation of existing investors Goldman Sachs, Bain Capital, Viola Ventures and Dell Technology Capital. In August 2017, after raising $440000 in Series D, the company raised a total of $146 million.

David Gollob, chief investment officer of Francisco Partners, will join the board of Redis Labs. As part of this round of financing, operating partner Eran Gorev will serve as an observer to the board of directors.

Ofer Bengal said the new money would be used to "accelerate" the listing of Redis and invest in the open source Redis community. "this financing enables us to accelerate our strategy to provide the world's fastest and most efficient database and provide a real-time experience for any modern application," he added.

Yiftach comun, Chief Technology Officer of Redis in Bangladesh, began to build a NoSQL database platform with native data structure nearly eight years ago, which can provide application requests directly from memory. Their early work is based on Redis (abbreviation for remote Dictionary Server), an open source project that implements a distributed key database in memory, supporting string, list, mapping, collection, bitmap and other data structures 3354 to become the basis of Redis Enterprise. In addition to the built-in persistence and active-active geographic distribution, Redis Enterprise can automatically handle the data structure operations of distributed applications. It also has a real-time search engine and a series of data modeling technologies, including but not limited to streaming media, machine learning and graphics.

Salvatore Sanfilippo, a computer engineer, was the original developer of Redis. In 2015, he joined Redis Lab and led open source development.

Bengal claims that Redis's database platform runs 1000 times faster than disk databases and can handle 10 million transactions per second. Faster than competitive solutions such as MongoDB, Apache's Cassandra and Couchbase. In addition to cost savings of up to 70 per cent, it is ideal for Internet of things data intake and real-time analysis, he says, because frequently accessed data is stored in memory through a hierarchical approach, while infrequently used files are stored in flash memory.

"as companies seek to modernize or build new applications, the impact of the Redis platform can be seen everywhere," he said.

According to Redis, its revenue is within "10 million" and is growing at a rate of 60 per cent a year. More than 8300 customers-including American Express, Atlassian, Microsoft, Vodafone, Wal-Mart, DreamWorks and United Health, as well as 6 of the Fortune 10 and 40% of the Fortune 100-subscribe to its Rediscoloud service, and more than 250 customers use its internal Redis Labs enterprise cluster solution.

"customers and partners tell us that Redis Labs has built the most powerful database solutions for real-time computing in cloud, internal and hybrid environments," said Matt Spetzler, a partner and partner at Francisco Partners Europe. "We are very happy to work with Redis Labs's team because the company has expanded globally to meet the needs of the Internet economy."

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