Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Goldman Sachs Invests in Israeli Data Management Startup Redis Labs, Report

Redis Labs will raise $ 25-30 million. Current investors include Mitt Romney’s Capital Partners, Israeli Carmel Ventures, Dell Capital and private investors


Radis L-R Yiftach Shulman, and CEO Ofer Bengal


Israeli data management company Redis Labs is raising $ 25-30 million, Business newspaper Calcalist reported.

This is the third and most significant company’s round of financing. The company raised $42 million to date. Goldman Sachs will also participate in the current round. Current investors in the company include Mitt Romney’s Bain Capital, Israeli venture capital fund Carmel Ventures of the Viola Group, Dell Capital of the storage giant and private investors.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

According to estimates, Redis Labs will complete the financing round in the coming weeks, and additional investors may join it.

The company will use the current round of funding for investments and development, which will enable it to accelerate its growth. In the past, company executives said that it tripled its revenues every year. The field in which the company operates is considered one of the fastest growing areas in the computing world.

Founded in 2011 by CEO Ofer Bengal, and CTO Yiftach Shulman, Redis Labs developed a fast database management technology based on Radis – a popular open source in RedS Cloud databases called NoSQL.

Radis is a hybrid database service located in the cloud and the corporate information cluster.

The hybrids allow the company’s customers to achieve faster response times, greater availability and optimal management of larger amounts of data.

The uniqueness of the platform lies in the fact that it is the only one that is run with the same disk memory and that its distributed construction enables 1,000 times faster than other data bases that are run by a disk such as Cassandra or CouchBase.

The creator of Redis Salvatore San Filippo joined the company last year so that today the company is the de facto factor behind Redis.

In addition to Redis Cloud, the company offers additional services such as dedicated systems for programmers.

Today, the company employs 100 people in its offices in Ramat Hahayal in Tel Aviv and Silicon Valley in the United States.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.