The company delivers a real-time data platform that allows users to manage, process, analyze, and make predictions, that will improve their customer experiences and drive their business forward.
This investment was co-led by Bain Capital Ventures and TCV, with the participation of existing investors Viola Ventures, Francisco Partners, Goldman Sachs Growth, and Dell Technologies Capital.
Viola Ventures has been an early stage investor in Redis Labs since it’s A round, led by our GP Ronen Nir in 2011.
Ronen has been an active board member in the company and a contributor to its growth. Here’s how he summarized this moment:
The new Redis Labs valuation marks the 4th unicorn for Viola Ventures’ Fund III. This could be a coincidence, or it could be that we’re doing something right.
Congrats to Ofer, Yiftach and the whole great team at Redis Labs. We can’t wait for the next chapter.
Read more about this significant milestone for Redis Labs here.