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Israeli Big Data Co Redis Labs Raises $44M

Goldman Sachs led the round in the database management system developer, which has raised $86 million since it was founded in 2011.

As reported in Globes:

Israeli big data company Redis Labs announced that it has raised $44 million in a Series D financing round led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital. The company has raised $86 million to date including this latest financing round.

Founded in 2011 by Ofer Bengal and Yiftach Shoolman, Redis Labs serves over 70,000 registered accounts and over 7,400 enterprise customers globally. Based in Tel Aviv, the company provides a database management system marketed as SQL or NoSQL as open source software or as a service using cloud computing. In 2016, Redis Labs was chosen as one of “Globes” 16 most promising startups.

The company’s solutions enhance popular Redis use cases such as real-time analytics; fast, high-volume transactions; in-app social functionality; and application job management, queuing, and caching.

Read more here.

Australian companies are increasingly prioritising big data solutions for predictive analysis and maintenance. According to Telsyte, 83 per cent of Australian CIOs plan to invest more in Big Data in 2017, including hardware, software and services.