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Redis Labs Raises $100M

156 pointsby davidglover 4 years ago

13 comments

jnwatsonover 4 years ago
With all this free money floating around, it feels nice that some of it landed on good people.<p>That said, being overcapitalized is perniciously corrupting. I saw first hand what happens when there&#x27;s too much money floating inside a company. Malinvestment is an issue at the company level just as much as at the macroeconomic level.<p>Management starts acting like trust fund kids, forgetting that, one day, the money might run out, and making a profit is the only sustainable way to run a company.
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redmover 4 years ago
I&#x27;m curious what the key value Redis Labs is bringing that justifies so much money (other than a sales team, support, and other minor changes to Redis). In other words, what key tech are they adding? The page dedicated to the software is really generic:<p><a href="https:&#x2F;&#x2F;redislabs.com&#x2F;redis-enterprise-software&#x2F;overview&#x2F;" rel="nofollow">https:&#x2F;&#x2F;redislabs.com&#x2F;redis-enterprise-software&#x2F;overview&#x2F;</a><p>I started using KeyDB and the project is great. I&#x27;m more inclined to support the tech they are integrating that check things off my Redis wishlist such as Active-Active replication and true multi-core support (not just IO treads).<p><a href="https:&#x2F;&#x2F;keydb.dev&#x2F;" rel="nofollow">https:&#x2F;&#x2F;keydb.dev&#x2F;</a>
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RcouF1uZ4gsCover 4 years ago
Am I the only person that gets worried when a great open source project gets a lot of VC money?<p>Without VC funding, an open source project is a success if it is useful to the devs and provides a comfortable income to the maintainers. Basically, a &quot;lifestyle&quot; business.<p>With VC funding, the goal now becomes generating huge returns or failing fast, which is fundamentally at odds with a good open source project. Thus the pressure comes to either aggressively monetize the project, or else to get it acquired by someone.
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bra-ketover 4 years ago
I hope antirez has equity in it
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simonebrunozziover 4 years ago
&gt;... As the home of Redis, the most popular open source database, we provide a competitive edge to global businesses with Redis Enterprise, which delivers...<p>&gt; Redis Labs - home of Redis [logo and motto]<p>I like Redis Labs, but: this wording is misleading and inaccurate.<p>@antirez (Salvatore Sanfilippo), the creator of Redis, joined them in 2015 [0]; however, he left recently. That&#x27;s the only claim they can use to somehow be seen as the &quot;home&quot; of Redis, but it is still a very weird claim.<p>What&#x27;s the home of an open source project?<p>My personal perception is that they shouldn&#x27;t word things this way; I might be mistaken, or at least other people might see it differently. What&#x27;s your take?<p>Again, to be clear: I have nothing against the company - I actually like and admire them and @antirez. I just don&#x27;t want them to get down the rabbit hole of corporate jargon and marketing BS (see what happened with New Relic, as an example).<p>[0]: <a href="https:&#x2F;&#x2F;redislabs.com&#x2F;press&#x2F;redis-creator-salvatore-sanfilippo-antirez-joins-redis-labs" rel="nofollow">https:&#x2F;&#x2F;redislabs.com&#x2F;press&#x2F;redis-creator-salvatore-sanfilip...</a>
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dec0dedab0deover 4 years ago
Bain Capital, aren&#x27;t they the ones that sunk toys-r-us? Along with antirez stepping down, I&#x27;m nervous about the future of redis. Am I just being paranoid?
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bionhowardover 4 years ago
Would it be possible to add autoscaling RedisGraph and other modules in the affordable part of Redis enterprise? The RSAL license terms prevent anybody from really using the modules and the alternative is thousands of dollars, which is nuts to evaluate early stage software.<p>I’m not sure why Redis Enterprise needs so many different price levels. If Redis were priced like DynamoDB, there would be much less friction for folks like me to sign up. Right now it’s like all the other cloud database companies: want to use our database? Great! Calculate your storage needs in advance and convert that into our measure of choice (different for each provider)
ximengover 4 years ago
Seems a big jump in valuation (1bn) from previous round.<p>“Redis Labs, the provider of a database management system, has raised USD60 million in Series E funding round to accelerate the delivery of the most efficient database to the world. The funding was led by Francisco Partners, a leading private equity firm. With this funding round, Redis Labs’ valuation has now reached USD146 million.” - <a href="https:&#x2F;&#x2F;ciotechie.com&#x2F;news&#x2F;redis-labs-gets-usd60-million-in-series-e-funding-round-for-database-platform&#x2F;" rel="nofollow">https:&#x2F;&#x2F;ciotechie.com&#x2F;news&#x2F;redis-labs-gets-usd60-million-in-...</a>
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data_dersover 4 years ago
newb here -- why would a developer pay for Redis? i.e. &quot;Redis Enterprise&quot;?
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reilly3000over 4 years ago
Congrats to the Redis Labs team!<p>I&#x27;m really intrigued by the concept of a multimode database. I&#x27;d love to hear from anybody who is doing this in practice. I run a document, sql, and graph db strung together with pub&#x2F;sub. All in one definitely seems appealing but I&#x27;m trying to size up downsides, what migration work would be needed, and what integrations may break (especially SQL).
jugg1esover 4 years ago
That is a lot of money to raise for an established technology. Sounds like they might be standing up their own cloud?
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jbirerover 4 years ago
Happy to see money going where it&#x27;s deserved.
leptoniscoolover 4 years ago
Seems over priced.. A small team can make something similar in a few weeks?
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