Redis Labs was founded in 2011 by Ofer Bengal, previously the founder and CEO of RiT Technologies, and Yiftach Shoolman, previously the founder and president of Crescendo Networks, acquired by F5 Networks.> On July 15, 2015, the creator of Redis and lead developer, Salvatore Sanfilippo, joined Redis Labs to lead open source development, and Redis Labs became the official sponsor of the open source project. The company secured $4 million in seed funding from angel investors in August 2012, an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures, an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank, and an additional $14 million in series C funding led by the same investors. In August 2017 it raised $44 million in series D funding, and in February 2019 $60 million in series E funding led by Francisco Partners with participation by existing investors. The company announced a beta version of its cloud services at GigaOm's Structure LaunchPad in June 2012. According to IT Business Edge, Redis Enterprise Cloud is especially suitable for “web companies or websites with seasonal or occasional fluctuations in traffic and performance needs." By January 2013 the company had more than 1,000 paying customers including Electronic Arts, Illumina, and Scopely. The Redis Enterprise Cloud and Memcached Cloud products became generally available in February 2013. In September 2013, Amazon Web Services announced Redis capabilities for its ElastiCache product, thereby competing with the company's offering. According to TechCrunch, Redis Labs "has the advantage over AWS when it comes to Redis" because of its scalability and high availability features, which ElastiCache does not provide. In October 2013, Redis Labs acquired MyRedis, a competing hosted Redis provider. By December 2013, the company had at least 10,000 users, including 1,300 paying customers.On January 29, 2014, the company changed its name from Garantia Data to Redis Labs. In September 2014, Redis Labs reported 3,000 paying customers. In early 2015, Redis Labs made available Redis Enterprise Pack. In early 2016, Redis Labs made available a connector package to Apache Spark. In May 2016, the company announced a mechanism for developers to extend Redis, and opened an online marketplace that offers modules certified to work with both open source Redis and Redis Labs’ enterprise products.
Products
Redis Labs provides downloadable software known as Redis Enterprise Software, Redis Enterprise VPC and a cloud computing service known as Redis Enterprise Cloud. Redis Enterprise Software, Redis Enterprise VPC and Redis Enterprise Cloud solve these problems, and provide the following additional functionalities over a regular Redis installation:
Fully automated continuous scaling with no limit on data size or throughput.
Store large datasets by extending RAM into Flash devices.
All Redis commands supported at any dataset size - unlike the open source Redis Cluster, in Alpha stage as of December 2013, which only supports single-key operations.
Built-in memory-based replication, data persistence, auto failover and backup.
Allows customers to replicate instances across different Amazon Web Services Availability Zones with instant failover in case of a disruption to an entire Amazon data center.
Each database runs as a dedicated process that does not interfere with other instances, avoiding “noisy neighbors”.
Managed service which does not require the user to install or setup Redis, configure persistence, manage scaling or failure recovery.
Redis Modules
Redis Modules are an expansion of Redis as a key-value store into a multi-model database using custom made data-types. They were introduced by Salvatore Sanfilippo in order to prevent scope creep on core Redis. Redis Modules are under Redis Source Available License.
Technology
Redis Enterprise achieve scalability and high availability using a proprietary dynamic clustering engine. The services virtualize multiple cloud servers into a large pool of memory, consumed by users according to the actual size of their datasets. A dataset is automatically distributed in shards across multiple nodes - this enables fast and transparent recovery when a node fails, and improves performance in high-throughput use cases. Datasets are also constantly replicated, so if a node fails, an auto-switchover mechanism guarantees data is served without interruption. To provide additional reliability, the entire dataset is constantly replicated from the nodes to persistent storage, and can also be backed up to a remote persistent storage for disaster recovery. Redis Labs offers a pay-per-use pricing model, allowing users to pay per GB-hour of storage used, unlike other providers which price their service based on size of machine instance, even if users consume only some of the machine's resources. Redis Enterprise Cloud and Memcached Cloud are available on Amazon Web Services, Windows Azure, IBM SoftLayer, Heroku, Bluemix, AppFog, AppHarbor, Cloud Foundry and OpenShift. In November 2013, the company announced Redis Enterprise Cloud and Memcached Cloud plugins on New Relic’s Plugin Central - the plugin enable developers who use New Relic to monitor Redis and Memcached usage characteristics directly from their New Relic dashboard.
