Redis joined the Unicorn Club on April 7, 2021, after raising a $110 million Series G funding round led by Tiger Global Management, valuing it at $2 billion. Headquartered in Mountain View, California, United States, Redis provides a cloud-based, in-memory database platform designed for high-speed data access, analytics, and real-time applications.
It functions as an in-memory data store that doubles as a cache, vector database, document database, and streaming engine. Supporting diverse data types, such as sets, strings, hashes, and lists, Redis enables developers to handle real-time workloads for AI, IoT, and data-intensive applications with millisecond latency.
Keep reading to see how Redis became a key player in modern data infrastructure.
What Is Redis and What Does It Do?
Redis, founded in 2011, is a multi-model in-memory database platform trusted by developers and enterprises globally. The platform is designed for performance and flexibility, supporting a range of use cases, including caching and session management, AI inference, recommendation engines, and vector search.
Redis Cloud enables seamless scaling across hybrid and multi-cloud environments while maintaining ultra-fast response times. Its ability to process millions of operations per second makes it ideal for machine learning workloads and AI-native systems that require high throughput and low latency.
The company has expanded its offerings to include Redis Enterprise, a fully managed service that integrates persistence, durability, and built-in data replication.
How Much Funding Has Redis Raised?
1. Series G Round (Unicorn Round)
- Amount Raised: $110 million
- Date: April 7, 2021
- Valuation: $2 billion
- Lead Investor: Tiger Global Management
- Purpose: Accelerate product innovation, AI-native database capabilities, and enterprise adoption
2. Previous Funding Rounds (Seed to Series F)
- Cumulative Funding: ~$245 million
- Key Investors: Francisco Partners, Goldman Sachs Investment Partners
- Purpose: Product development, go-to-market expansion, and scaling Redis Cloud
Total Funding Raised: ~$355 million
Latest Funding Date: April 7, 2021
Latest Known Valuation: ~$2 billion
Employee Count: 501–1,000 (as of July 17, 2025)
Key Investors
1. Tiger Global Management
- Details: Global investment firm backing market-defining software and infrastructure companies.
- Focus Areas: AI infrastructure, data platforms, and cloud software.
2. Francisco Partners
- Details: Private equity firm specializing in investments in technology and data-driven businesses.
- Focus Areas: Enterprise software, data analytics, and cloud technology.
3. Goldman Sachs Investment Partners
- Details: Investment division of Goldman Sachs focusing on growth-stage technology firms.
- Focus Areas: Data infrastructure, SaaS, and cloud computing.
Where Is Redis’s Headquarters?
Redis is headquartered in Mountain View, California, United States, with offices across North America, Europe, and Israel. The company’s operations focus on database technology innovation, AI-native data infrastructure, and enterprise-grade performance solutions.
What’s Next for Redis?
Redis continues to push advancements in AI-native database technology, enhancing its capabilities in vector search, streaming data, and real-time analytics. The company is expanding partnerships across cloud ecosystems and aims to strengthen its position as the go-to platform for developers building AI-driven applications.
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