• 25 Jun 2015

    Redis Labs Closes $15 Million in Series B Funding to Expand Reach to Large Enterprises

    Latest funding round will be used to meet tremendous enterprise demand for high-performance database use cases

     MOUNTAIN VIEW, CALIF. -- June. 25, 2015 -- Redis Labs announced today that it secured $15 million in Series B funding led by Bain Capital Ventures and Carmel Ventures, with participation from Silicon Valley Bank. This new round of funding comes in the wake of the company’s tremendous success with Redis Cloud, a service that has seen 116 percent growth in new paying customers over the last year. Many of the world’s fastest growing and new economy enterprises, including Hotel Tonight, Bleacher Report and Docker, are among the company’s 4,900 paying customers.

    Redis Labs has now raised a total of $28 million in funding to date and this new round will primarily be used to market and sell the company’s hybrid database offering, which is popular for use cases such as real-time analytics, fast transactions and caching. The company provides a fully-managed cloud service called Redis Cloud and downloadable enterprise software called Redis Labs Enterprise Cluster (RLEC). Cutting-edge enterprises under increasing pressure to deliver high-performance applications turn to Redis Labs’ cloud or on-premises deployments to achieve blazing fast performance, high availability and seamless scalability.

     “Anyone who cares about application performance knows about Redis and its place among the fastest growing databases today,” said Ofer Bengal, CEO and co-founder of Redis Labs. “As a NoSQL database leader, we will use this latest infusion of funds to serve the high throughput and scalability needs of the modern enterprise world.”

     “DRAM is the new disk. Redis is unique among NoSQL databases in that it is an in-memory NoSQL database which runs 1,000 times faster than disk databases,” said Salil Deshpande, managing director at Bain Capital Ventures in his blog. “Redis Labs’ strategic investments in Redis on Flash makes this outstanding performance possible at up to 70 percent lower costs.”

     “We invested in Redis Labs in 2013 when we saw the emergence of several indicators of success: the maturation of NoSQL, the massive adoption of open source Redis, its exceptional, unchallenged performance, and Redis Labs’ unique intellectual property to broaden Redis into a general purpose database,” said Ronen Nir, general partner at Carmel Ventures. “We still feel that Redis Labs will be a leader not only in NoSQL databases, but in databases overall. Redis Labs has succeeded in harnessing the tremendous developer adoption of open source Redis, and the company’s strategic direction, technology and passion for customer success will take it far.”

    The company has made several announcements that demonstrate its dominant position in the enterprise NoSQL database space, including the results of a recent independent performance benchmark, which found that Redis Labs achieved more than double the throughput and half the latency of the closest NoSQL database solution.

    About Redis Labs- redislabs.com @redislabsinc

    Redis Labs , the commercial Redis provider, powers cutting edge applications with blazing fast enterprise-class Redis. ItsRedis Labs Enterprise Cluster andRedis Cloud solutions are trusted by thousands of developer and enterprise customers for high performance, infinite scalability, true high availability and best-in-class expertise. These solutions enhance popular Redis use cases such as real-time analytics, fast high-volume transactions, in-app social functionality, application job management and caching.

      Redis Labs is a leading commercial contributor to Redis, anopen-source, in-memory NoSQL database, benchmarked as the fastest database available today. Redis is ranked amongst the top three NoSQL databases by DB-engines, and was the twelfth most popular developer service in 2014, according to Stackshare.

      ###

    Media Contact:

    Cameron Peron
    Redis Labs

     415-930-9666

    cameron@redislabs.com

    Nolan Necoechea
    LEWIS PR for Redis Labs
    415-432-2452
    nolann@lewispr.com

      

  • 23 Jun 2015

    SundaySky Expands Executive Team, Names Jeff Hirsch as Chief Marketing Officer

    Data-driven marketing expert advances SundaySky’s leadership in personalized video engagement market

    NEW YORK--()--SundaySky, powering personalized video engagement for major brands around the globe, today announced Jeff Hirsch as the company’s chief marketing officer (CMO). Hirsch will leverage his 30 years of experience in data-driven and performance-based digital marketing to help SundaySky continue to tap the growing market for individualized, timely and relevant messaging. SundaySky’s lifecycle marketing platform, SmartVideo Cloud, distributes 1-to-1 video experiences at scale, generated in real-time, across desktop, mobile and set-top boxes. As Hirsch crystallizes and leads SundaySky’s go-to-market strategies, his key focus will be to further solidify SundaySky’s leadership position globally.

     Prior to SundaySky, Hirsch worked for AudienceScience in various roles, including CEO and, most recently, president of digital media holding company CPXi. Throughout his career at organizations such as Fastclick, ValueClick and others, Hirsch fine-tuned the aggregation and analysis of data to deliver engaging, relevant content to specific audiences across a number of platforms. Hirsch’s experience positions him as the ideal CMO to support SundaySky’s commitment to helping brands deliver 1-to-1, personalized video experiences for every consumer.

    “Personalized video changes the way brands engage with their customers and prospects. Given Jeff’s experience in establishing new market categories and driving demand for innovative, disruptive technologies, welcoming him to our team better positions us to show brands the way they can succeed with personalized video solutions,” Shmulik Weller, CEO of SundaySky, said. “Jeff’s success growing companies by driving sales and marketing strategies will strengthen the SundaySky team and support our goal of helping brands around the world serve each of their customers with personalized video experiences, which is proven to be the most effective and valuable medium for customer engagement.”

    Globally, online video has become the preferred medium for sharing and consuming information of all kinds. SundaySky’s SmartVideo Cloud platform enables brands to create, manage and measure video marketing programs using meaningful data to personalize content for every customer, showing only what matters most to the viewer. One-to-one video experiences enable companies to engage consumers throughout the customer lifecycle with individual messages, information and promotions specifically for them at that particular moment. The evolution of personalized marketing and customer engagement strategies with SmartVideo Cloud provides better consumer experiences to help brands establish lasting relationships with their customers.

    “Truly one-to-one brand experiences have become the expectation of modern consumers and are the nirvana for marketers,” said Jeff Hirsch, chief marketing officer for SundaySky. “Savvy brands know the ability to deliver scalable, personalized video experiences throughout the customer lifecycle is the way to create and build long-term customer relationships. I joined SundaySky because of its smart team, blue chip customers and game-changing market technology; it is a tremendous opportunity for me to leverage my digital experience to help SundaySky continue working with the biggest brands across the globe and exceed its market potential.”

    Additional SundaySky resources:

    About SundaySky
    SundaySky’s personalized video marketing platform, SmartVideo Cloud, enables brands to deliver scalable 1-to-1 video experiences that foster long-term customer relationships. The SmartVideo Cloud empowers marketers to easily create, manage and optimize real-time personalized video programs throughout the customer lifecycle. AT&T, Comcast, Allstate and other industry-leading brands partner with SundaySky to engage prospective and current customers, resulting in higher revenue, lower costs and deeper loyalty. SundaySky is headquartered in New York with offices in Tel Aviv, London and Tokyo.

  • 20 Jun 2015

    Israel’s Bank Leumi selects TradAir for its global FX Solution

    Zahi Elias, Head of Trading at Bank Leumi said: “Bank Leumi is creating an extensive e-trading offering for our clients. Using TradAir to support this, we are able to increase the services we offer our clients, improve our pricing and increase our trading activities. TradAir’s innovative approach and best-in-class technology has allowed us to adapt our services quickly and efficiently.”

    TradAir, the front office optimization solutions provider, today announces that Bank Leumi (TLV:LUMI), the leading Israeli bank, has gone live with TradAir’s full end to end solution, delivering their clients unique HTML5 applications, moving them ahead of their competition. This expands upon their existing TradAir True Aggregation and Rate Engine infrastructure.

    Bank Leumi utilizes TradAir’s True Aggregation and True Rate Engine products to support internal trading and their innovative eCommerce desks, delivering personalized pricing to clients. The TradAir solution enabled Bank Leumi to incorporate complex algorithms into the price generation and trade coverage processes, improving pricing and hedging.

    Bank Leumi has added TradAir True White Label to continue to enhance their distribution to their clients and win their market. TradAir True White Label seamlessly integrates to existing TradAir components and Bank Leumi proprietary internal systems, providing a complete end to end solution for the bank. Clients can reach Bank Leumi’s newly designed HTML5 front end solution easily and without any client install, utilizing TradAir’s highly available network.

    Personalization and localization were a must for Bank Leumi, and a deciding factor in awarding the white label business to TradAir. The software was able to assimilate the banks look and feel, and deliver customized functionality to clients. In addition, the software adapted to fully integrate unique credit functionality used by the bank to manage risk, dynamically centralizing front and back office processes.

    Illit Geller, CEO, TradAir said: “Bank Leumi’s leadership in delivering advanced technology to the market makes them a great partner to TradAir. Their focus on client service has enabled them to deliver their clients a superior offering. TradAir fully supports them in delivering a complete e-trading solution for their traders, sales teams and clients, enabling them to centralize and improve their workflows, pricing, and client acquisition process.”

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    Founded in 2000, Carmel Ventures is managing over $800M across four funds. As Israel’s top tier VC firm, we invest in Israeli or Israeli related early stage companies and build global category leaders. Carmel invests across a number of key market segments including: software, new enterprise infrastructure, big data, digital media, consumer applications and semiconductors.

    Our team approaches the investment as a proactive, hands-on endeavor. Carmel Ventures typically leads or co-leads investments and take an active role on the Board of Directors while keeping a low ratio of companies per partner. With strong M&A and IPO experience, the Carmel team has backed a disproportional share of Israel’s category leaders that generate over $50M in annual revenues, including: Outbrain, ironSource, Payoneer, and more.

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