Database Software Developer Redis Labs Raises $60 Million to Scale Up Operations
Redis develops and sells database management software based on Redis, a popular open source database
Francisco Partners' chief investment officer David Golob will join Redis' board following the round.
Founded in 2011 by CEO Ofer Bengal and chief technology officer Yiftach Shoolman, Redis develops and sells database management software based on Redis, a popular open source database. Customers include Microsoft, American Express, MasterCard, Home Depot, and Vodafone.
The company has corporate headquarters in Mountain View, California, EMEA headquarters in London, and a research and development center in Tel Aviv. Redis currently employs 250 people and intends to recruit several dozen people in the upcoming year as part of its plans to expand its Israeli operations.