Redis Labs moves fast

Redis Labs, one of the fastest database on the planet, organized a very good session during the recent IT Press Tour. The press team has the privilege to understand the company strategy, the current offering and the future announcements.

The company has raised recently a new round of $60M for a total of $146M, approaching clearly the highly sought status of unicorn. It invites us to think also about an exit and I won't be surprised to read such information in 2019 or 2020 but Redis has a fast growing valuation.

There is two opposite trends that stress the industry: data volumes explode and business - B2C and B2B - require real-time results so how to deliver the latter within such data climate?

Applications become more complex for several years with of course mobile and IoT fast deployments an adoption. A few directions exist already considered by enterprises such micro-services, distributed infrastructure and of course multi-cloud to deliver an ubiquitous experience. This complexity introduced several performance bottlenecks and a way to solve that is to adapt an in-memory database such Redis Labs.

Two flavors exist, an open source and an enterprise edition, for different use cases starting with simple data model and needs to sophisticated multi-model for high demanding application.

Redis Labs has compiled various statistics to present TAM numbers for each market category. The multi-model is offered by the Enterprise edition associated with a multi-cloud model such on-premises, AWS, GCP and Azure supporting of course hybrid deployments.

In term of performance, Redis Enterprise is one of the worldwide fastest database, no doubt, this is pretty unique in the industry.

The company organizes soon its annual user conference RedisConf in San Francisco and for sure we'll learn from company's leaders new product iterations.