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Results for IPO on the horizon: Redis Labs raised $310M and doubled its valuation Israeli startup Redis Labs valuation exceeds the $2B mark as the company prepares to go public. But the CEO promises a straight-up IPO, no SPAC route Oshry Alkeslasi / 8 Apr 2021 • 2 min read Israeli startup Redis Labs announced closing a $310 million Series G round. The investment was led by Tiger Global, with participation from SoftBank’s Vision Fund 2 and existing investor TCV. The investment is composed of a $110 million investment in the company, alongside a secondary deal with the trio of funds purchasing a $200 million stake from existing investors. The round has doubled Redis’s valuation, estimated now to be north of $2 billion. ....
Redis Labs This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Database startup Redis Labs announced a $110 million Series G round at a valuation over $2 billion. Redis Labs plans to go public within a year, and has hit $100 million in annual recurring revenue. Redis Labs is forging more partnerships with Amazon Web Services, Microsoft Azure, and Google Cloud. Redis Labs, the startup behind the popular Redis database software, has surpassed a $2 billion valuation about double the over $1 billion it was last valued at in August as it prepares for an IPO as soon as this year. ....
SoftBank : Redis Labs valued at over $2 billion in latest funding from SoftBank, others marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 2 Min Read (Reuters) - SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday. The company’s other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Israel, Redis Labs’ platform helps organizations process, analyze and forecast data effectively. It has deployed over 1 million databases so far. ....
Cloud firm Redis Labs valued at $2 bil as SoftBank, Tiger Global invest japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.