Software Startup Redis Labs Secures $44 Million

Redis Labs announced it has secured $44 million in Series D financing. Four investors contributed to the round: Goldman Sachs, Bain Capital Ventures, Carmel Ventures, and Dell Technologies Capital.

Redis Labs, a leading commercial Redis provider, powers cutting edge applications with blazing fast enterprise-class Redis. The company’s Redis Labs Enterprise Cluster and Redis Cloud solutions are trusted by thousands of developers and enterprise customers for high performance, scalability, true high availability, and best in class expertise and support use cases such as real time analytics, fast high-volume transactions, social app functionality, application job management and caching.

In its announcement, the company said the investment will support its continued market penetration and allow it to meet the enterprise demand for a modern in-memory database platform across wider geographies and industry sectors.