Redis Labs scores $110M round from SoftBank, others
April 8, 2021
Redis Labs, the creator of an enterprise cloud service and an in-memory database that helps users process, analyze and utilize the data they generate, has raised a $110 million Series G led by new investor Tiger Global. The round, which values the company at north of $2 billion, also saw participation from SoftBank and TCV. The three investors have also acquired additional ownership in the company as part of a $200 million secondary transaction.