Redis Labs announces its annual Growth of more than 60% in the Fiscal Year 2019

2 min read

Redis Labs, the provider of Redis Enterprise, announced details about its 14th consecutive quarter of double-digit growth and its annual growth of more than 60% in the company’s 2019 fiscal year. It was just last week, when Redis Labs, California-based computer software startup, announced that it has raised $60 million in Series E financing round led by a new and leading private equity firm, Francisco Partners.

Moreover, Redis Labs finished the 2019 fiscal year with more than 250 full-time employees, with its global headcount increasing 50 percent in the past year. Also, since the company scales its global go-to-market team, new offices have been opened in Austin, Texas, and Bangalore (India) to drive adoption of Redis Enterprise.

Based on the record growth results and recently secured funding, Redis Labs aims to accelerate its plans in the new fiscal year across different departments including sales, marketing, and product development. This would help them meet the demands for a multi-model database that is capable of delivering the performance, deployment flexibility, and seamless scaling to advance instant experiences.

Redis Labs is already continuing to expand the business with other Global 1000 enterprises such as Alliance Data, ANZ Bank, Applied Materials, Carrefour, Dick’s Sporting Goods, Thomas Cook, Mercedes Benz, Nordea, UIPath, and WestPac. Other than that, Alvin Richards has been promoted to Chief Product Officer from Chief Education Officer, that he had been appointed as back in 2017. This will help him continue the company’s market leadership and deliver innovation for the multi-model database market.

Redis was named as 2019 technology of the year for the second time by IDG’s InfoWorld. Also, Redis secured the place of the seventh most popular database in DB-Engines ranking among more than 300 databases. Apart from having the highest rating among the top seven database providers, it is also the first database that achieved 1 billion launches on Docker Hub in 2018.

“Redis Enterprise delivers the requirements for a multi-model cloud-native database that operates at record-breaking performance with unmatched cost efficiency”, mentioned Ofer Bengal, co-founder, and CEO at Redis Labs in an email sent to us.