Adi Gelvan Speedb CEO (LinkedIn)
Redis, an Israeli unicorn, bought out fellow Israeli startup Speedb, which offers customers a data engine service. The terms of the deal were not disclosed.
Founded in Israel in 2011, Redis makes apps faster by creating a data foundation for a real-time world. It is the driving force behind Open-Source Redis, the world’s most loved in-memory database, and commercial provider of Redis Enterprise, a real time data platform.
Redis Enterprise powers real-time services for over 8,500+ organizations globally. It builds upon the unmatched simplicity and speed of Open-Source Redis along with an enterprise grade data platform that offers robustness of modern data models, management, automation, performance and resiliency to deploy and run modern applications at any scale from anywhere on the planet.
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Redis will formally release the first version of its Speedb-integrated product later this year with the release of Redis 8. In the meantime, the company is developing Redis Community Edition 7.4, which will see the addition of highly-requested features including hash field expiration and client consolidation.
Founded in 2020 by Avi Gelvan (CEO), Hilik Yochai (Chief Science Officer), and Mike Dorfman (Chief Architect), Speedb says its primary mission is to support an open source and enterprise community where RocksDB and Speedb developers, users and stakeholders can interact to improve, share knowledge, and continue to innovate the next generation key value storage engine.
“Modern app development and most recently Generative AI are fundamentally changing how enterprises value and use their data, and as a result, the demands on developers and data platforms are intensifying. Whether it’s regarding development cycles or user experiences, a lot of this pressure revolves around speed,” said Rowan Trollope, CEO of Redis. “Acquiring Speedb takes Redis beyond RAM, and opens the door for us to serve an integral role in powering today’s most exciting and innovative applications, and supporting the developers that build them. This is a new chapter for Redis, and we’re looking forward to working with our customers and partners to bring the unmatched speed we’re known for to more of their applications and experiences.”
“Over the past two years, we’ve worked hand-in-hand with the Redis team to build integrated solutions that support development teams in optimizing both application performance and cost,” said Adi Gelvan, co-founder and CEO of Speedb. “As we join the Redis team, we’re excited to scale our technology to thousands of organizations across the globe, and play a critical role in powering the emerging applications that will shape the future.”
