Venture Capital

Redis Labs Surpasses $2B Valuation With Latest Funding Round

by zdnet.com posted 5months ago 50 views

By for Between the Lines | | Topic: Data Management

Redis Labs, the company behind the popular open source database, announced Wednesday that it closed its Series G funding round, securing $110 million in financing and bringing its valuation up to more than $2 billion. The financing is led by Tiger Global and includes participation from Softbank Vision Fund 2 -- both new investors in the company. 

Redis Labs, which was founded in 2011, has now raised a net amount of $347 million and plans to use its financing to …

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