Redis, Inc.
Market Data Current As Of: September 12, 2026
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Redis, Inc.
Compare market positioning with top industry peers
Explore Redis
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 2011 in Mountain View, California, United States
Redis was born out of desperate necessity in 2009 in Sicily, Italy. Italian software engineer Salvatore Sanfilippo (known online as antirez) was attempting to build a real-time web log analyzer called LLOOGG. Traditional relational SQL databases like MySQL could not handle the rapid write throughput required to track page views across thousands of concurrent websites without locking up. Realizing that disk I/O was the fundamental bottleneck of modern software, Sanfilippo wrote a prototype C program that stored data structures directly in computer RAM and persisted changes asynchronously to disk. He open-sourced the project under the name Redis ('Remote Dictionary Server') on GitHub in March 2009. The project spread like wildfire across the global developer community. In 2011, Israeli cloud infrastructure entrepreneurs Ofer Bengal and Yiftach Shoolman recognized that managing Redis at scale was a massive commercial opportunity, founding Garantia Data (later Redis Labs). In 2015, Redis Labs hired Sanfilippo as lead open-source maintainer and eventually acquired the full rights to the Redis trademark, scaling the technology into a multi-billion-dollar enterprise titan.
Salvatore Sanfilippo is the creator and original architectural author of open-source Redis. Rejecting complex relational models, Sanfilippo designed Redis to store rich data structures directly in memory, pioneering sub-millisecond execution speeds. He led open-source development of Redis for over a decade with funding from VMware, Pivotal, and Redis Labs before stepping down as maintainer in June 2020.
Ofer Bengal is the co-founder and Chairman of Redis, Inc., having served as its founding Chief Executive Officer from 2011 to 2023. Bengal commercialized Redis into an enterprise powerhouse, securing major venture rounds, establishing headquarters in Mountain View, and steering the company from early bootstrapping to a $4 billion valuation.
Yiftach Shoolman is the co-founder and Chief Technology Officer (CTO) of Redis, Inc. Shoolman architected the Redis Enterprise clustering platform, developing patented Active-Active geo-distribution with Conflict-Free Replicated Data Types (CRDTs) that allowed Redis to run seamlessly across multi-cloud environments.
Salvatore Sanfilippo open-sourced Redis on GitHub, revolutionizing in-memory computing with sub-millisecond key-value operations.
Ofer Bengal and Yiftach Shoolman established Garantia Data to provide automated enterprise hosting for Redis.
Adopted the name Redis Labs and expanded commercial Redis Enterprise offerings across multi-cloud infrastructure.
Sponsored creator Salvatore Sanfilippo to lead open-source development while advancing commercial enterprise modules.
Raised $100M at a $1B+ valuation as enterprise cloud migration accelerated during the global pandemic.
Rebranded to Redis; secured $110M Series G led by SoftBank Vision Fund 2 at a $4.0 billion valuation, surpassing $100M ARR.
Former Five9 CEO Rowan Trollope succeeded co-founder Ofer Bengal as CEO, driving profitability and GenAI vector expansion.
Acquired storage engine Speedb to launch Redis Flex; transitioned software licensing to dual RSALv2 and SSPL.
Exceeded $300 million in ARR, establishing Redis as the primary operational memory and vector caching tier for AI agents.
Acquired Speedb, a high-performance RocksDB-compatible key-value storage engine, to build the next-generation Redis Flex hybrid flash memory architecture.
Acquired popular open-source Redis memory analysis and database visualization tool RDBTools to build Redis Insight.
Since its establishment in 2011, Redis, Inc. expanded from an early-stage venture into a recognized leader in In-Memory Database, Real-Time Data Infrastructure, Enterprise Software & Generative AI Vector Caching, overcoming key market challenges.
Over its history, Redis, Inc. executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Redis, Inc. maintains resilience through changing technological and economic cycles.