Redis, Inc. is an American enterprise software and real-time database infrastructure company founded in 2011 by Ofer Bengal and Yiftach Shoolman, commercializing the open-source in-memory data store created by Salvatore Sanfilippo in 2009. Headquartered in Mountain View, California, with major research and development facilities in Tel Aviv, Israel, Redis delivers sub-millisecond data processing for caching, message streaming, session management, and generative AI vector retrieval. Operating across multi-cloud environments including AWS, Azure, and Google Cloud, Redis powers mission-critical workloads for over 10,000 corporate clients, including Twitter/X, GitHub, Uber, and Microsoft. In 2026, Redis generated over $300 million in annual recurring revenue ($300M+ ARR) under the leadership of Chief Executive Officer Rowan Trollope.
Redis, Inc.: Key Facts & Operational Metrics
| Company Name | Redis, Inc. (formerly Redis Labs / Garantia Data) |
|---|---|
| Founded | 2011 (Open-source project created 2009) |
| Founders | Salvatore Sanfilippo (Creator), Ofer Bengal, Yiftach Shoolman |
| Headquarters | Mountain View, California, United States |
| Primary R&D Center | Tel Aviv, Israel |
| Industry | In-Memory Database, Real-Time Cloud Infrastructure & Vector Search |
| Chief Executive Officer | Rowan Trollope |
| Employees | Approximately 1,100 personnel |
| Annual Recurring Revenue (ARR) | $300M+ ARR (2026 Run-Rate) |
| Valuation | $4.0B Peak (Series G) / ~$2.0B Secondary Valuation |
| Enterprise Customers | Over 10,000 commercial customers |
| Core Products | Redis Enterprise Cloud, Redis Enterprise Software, Redis Flex, Redis Vector Search |
| Website | redis.io |
- Revenue run-rate and customer count verified through corporate releases and executive presentations
- Valuation data verified from Series G investment records led by SoftBank Vision Fund 2
- For informational purposes only - not financial advice
For the first three decades of relational database management, data architecture was defined by spinning magnetic hard drives. Relational databases like Oracle, IBM DB2, and MySQL were designed to minimize expensive RAM usage by reading and writing records to disk. However, as the consumer internet expanded in the late 2000s, real-time applications—such as social media news feeds, high-frequency financial trading, and real-time ride-matching—exposed the fatal limitation of disk-bound architectures: disk I/O latency. Even the fastest mechanical drives and early solid-state drives introduced millisecond delays that degraded user experience under heavy concurrent traffic.
In 2009, Italian software engineer Salvatore Sanfilippo revolutionized computing by proving that system memory had become sufficiently dense and affordable to serve as primary operational storage. Open-sourcing Redis ('Remote Dictionary Server'), Sanfilippo created an in-memory data structure store capable of executing hundreds of thousands of operations per second with sub-millisecond response times. In 2011, Israeli entrepreneurs Ofer Bengal and Yiftach Shoolman founded Garantia Data to provide automated cloud clustering for the database, creating an enterprise infrastructure powerhouse that achieved a $4 billion valuation and over $300 million in ARR.
What Does Redis Do?
Redis provides a unified real-time data platform designed to process high-throughput workloads with microsecond latency:
- In-Memory Caching & Session Management: Accelerates web application responsiveness by storing frequently accessed database queries, user session tokens, and shopping carts directly in RAM.
- High-Speed Vector Search: Indexes high-dimensional vector embeddings in memory to power real-time semantic search, recommendation engines, and GenAI retrieval-augmented generation (RAG).
- Active-Active Multi-Cloud Replication: Patented Conflict-Free Replicated Data Types (CRDTs) that synchronize real-time writes across geographically distributed clusters on AWS, Azure, and Google Cloud.
- Redis Flex & NVMe Storage Tiering: Powered by the 2024 acquisition of Speedb, Redis Flex extends memory onto high-speed NVMe flash SSDs, reducing hardware costs by up to 70% while maintaining sub-millisecond throughput.
- Real-Time Stream Processing & Pub/Sub: High-throughput messaging fabric that coordinates asynchronous microservice architectures and real-time telemetry streams.
- Multi-Model Document Capabilities: Native execution of JSON documents, full-text search, and time-series data without requiring auxiliary database systems.
How Does Redis Make Money?
Redis monetizes through an enterprise hybrid-cloud software model delivering gross margins above 80%:
- Redis Enterprise Cloud (~60% of Revenue): A fully managed Database-as-a-Service (DBaaS) running across AWS, Microsoft Azure, and Google Cloud, billed via consumption-based hourly usage or committed multi-year enterprise contracts.
- Redis Enterprise Software (~30% of Revenue): Self-managed software licenses deployed on on-premises bare metal, VMware, or private Kubernetes clusters, monetized through annual per-sharded-RAM subscriptions.
- Redis Flex & AI Vector Add-Ons (~10% of Revenue): Premium extensions monetizing NVMe SSD storage tiering, enterprise vector search, and automated semantic LLM caching.
Redis Financials & Growth Trajectory
Redis has demonstrated consistent enterprise revenue expansion:
- 2011: Founded as Garantia Data in Tel Aviv by Ofer Bengal and Yiftach Shoolman.
- 2015: Sponsored Salvatore Sanfilippo to lead open-source development, crossing early commercial SaaS milestones.
- 2020: Reached $1 billion unicorn valuation following a $100M Series F financing.
- 2021: Closed a $110M Series G round led by SoftBank Vision Fund 2 at a $4.0 billion valuation, surpassing $100M in ARR.
- 2024: Acquired storage engine Speedb; generated $209.8 million in annual revenue.
- 2026: Surpassed $300 million in ARR ($300M+ ARR), serving more than 10,000 paid enterprise customers worldwide under CEO Rowan Trollope.
