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Redis Labs Sees Record Growth in Fiscal Year 2019 While Advancing the Instant Experience Database Market

Rafael Torres joins as company’s first Chief Financial Officer; Alvin Richards promoted to Chief Product Officer

Redis Day Tel Aviv on March 6 and RedisConf19 on April 1-3 in San Francisco to kick-off 2019 global Redis community events

Mountain View, February 26, 2019—Redis, the home of Redis and provider of Redis Enterprise, today announced its 14th consecutive quarter of double-digit growth and annual growth of more than 60 percent with the conclusion of the company’s 2019 fiscal year on January 31, 2019. Building on these results and after securing $60 million in Series E financing,  Redis will accelerate its plans in the new fiscal year across sales, marketing, and product development to meet the demands of modern enterprise applications for a multi-model database that delivers the performance, high availability, deployment flexibility, and seamless scaling necessary to power instant experiences.

Major enterprises continue to choose Redis Enterprise as their primary database including 70 percent of Fortune 10 companies and 36 percent of Fortune 50 companies. Redis continues to win new and expand business with Global 1000 enterprises including Alliance Data, ANZ Bank, Applied Materials, British Airways, Carrefour, Dick’s Sporting Goods, FedEx, Thomas Cook, Mercedes Benz, Nordea, UIPath, and WestPac.

“Redis’ customer wins, community support, and overall market success gives us the confidence to build the next great database company. Today, high performance, deployment flexibility, and high availability are no longer a luxury but a necessity for enterprises looking to stand out among competitors,” said Ofer Bengal, co-founder and CEO at Redis. “Redis Enterprise delivers the requirements for a multi-model cloud-native database that operates at record-breaking performance with unmatched cost efficiency.”

Expanded leadership team

Growing global footprint

Delivering an enterprise-grade high-performance multi-model database

Building a vibrant global community

Partnering with leading platforms

Accolades


About Redis

Data is the lifeline of every business, and Redis helps organizations reimagine how fast they can process, analyze, make predictions, and take action on the data they generate. Redis provides a competitive edge to any business by delivering open source and enterprise-grade data platforms to power applications that drive real-time experiences at any scale. Developers rely on Redis to build performance, scalability, reliability, and security into their applications.

Born in the cloud-native era, Redis uniquely enables users to unify data across multi-cloud, hybrid and global applications to maximize business potential. Learn how Redis can give you this edge at redis.com.