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Redis closes another round of funding, raking in an additional $110 million

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Funding round puts the database vendor's value over $2bn
Open source database company Redis Labs has announced a late-stage $110 million financing round, bringing its valuation to over $2bn.

This is a Series G round for the company and brings the total funding it's raised to $347 million. This doesn't include a secondary market transaction also announced this week, in which investors bought equity from each other.

In this funding round, the company snagged two new investors, Tiger Global and SoftBank's Vision Fund. Tiger Global invested in new Redis Labs equity, while also participating in the secondary market transaction along with SoftBank and existing investor TCV.

This is…
Danny Bradbury
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