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Cloud firm Redis Labs valued at $2 bil as SoftBank, Tiger Global invest

Cloud firm Redis Labs valued at $2 bil as SoftBank, Tiger Global invest
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Israeli Redis Labs Valued at Over $2 Billion in Latest Funding from SoftBank, Others

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato Redis Labs, a real-time cloud analytics platform firm, said on Wednesday it has raised $110 million in its Series G round from investors including SoftBank Group Corp’s Vision Fund, valuing the firm at over $2 billion. The latest round, with funding from new investors Vision Fund and Tiger Global Management and existing investor TCV, brings the net amount raised by Redis Labs so far to $347 million. The company’s investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital.

$110M late-stage funding vaults Redis Labs valuation past $2 billion

SHARE Less than eight months after closing a $100 million late-stage funding round that valued the company at more than $1 billion, Redis Labs Inc. is further bulking up its coffers with $110 million in financing led by a new investor, Tiger Global Management LLC. The infusion brings Redis’s total funding to $347 million and its valuation to more than $2 billion. The company said it will use the investment to expand its global reach and support. Redis’ existing investors include blue-chip venture firms Bain Capital Ventures LP, Francisco Partners Management LLC, Goldman Sachs Group Inc.’s Growth fund and Dell Technologies Inc.’s Dell Capital.

[Funding alert] California startup Redis Labs raises $110M led by Tiger Global

[Funding alert] California startup Redis Labs raises $110M led by Tiger Global
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