Redis Labs Looks to Grow Database Technology for Next Generation Applications

Database technology provides a foundational role in modern applications, and one of the emerging database technologies of the last few years has been Redis.

Redis in recent months has been the subject of a fair bit of controversy as well, as it has sought to challenge the core tenets of open source, the model on which its software was built. Open source licensing issues aside, however, business has been strong for Redis, and the company is looking to grow. On Feb. 19, Redis Labs announced a $60 million Series E round of funding led by Francisco Partners and including the participation of Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures, and Dell Technologies Capital.