Israeli Startup Redis Raises $44M
August 28, 2017 | Israeli cloud technology startup Redis Labs has raised $44 million in Series D funding. This brings the company to $86 million in total funding to date. The round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital. Founded in 2011 by Yiftach Shoolman and Ofer Bengal, the startup has developed a popular in-memory database platform called Redis Enterprise, as a service in all major clouds, and as downloadable software. It powers e-commerce, social, personalization, IoT, metering, fraud detection and other real-time applications.