This is the company's largest round to date. Its Series F last August featured six investors and raised $100 million, while Series E financing in February 2019 raised $60 million, and Series D funding in August 2017 raised $44 million. Funding rounds before that, which extended back to its inception in 2011, raised funds in the low-double digits. Past investors have included Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures, TCV, and Dell Technologies Capital.
Redis Labs sponsors the open source Redis database project that uses NoSQL technology instead of traditional relational database structures. One of its biggest selling points is multi-model operation that supports an array of data structures natively in the database, including lists, bitmaps, and sorted sets. It also features module-based expansions for use cases, including search and graphing.