The database software provider completed a series G round backed by SoftBank Vision Fund 2 at a valuation exceeding $2bn.
Internet and telecommunications group SoftBank’s Vision Fund 2 helped US-based database software developer Redis Labs close a $110m series G round yesterday valuing it at over $2bn.
Hedge fund manager Tiger Global Management led the round, which included growth equity firm TCV, with all three investors acquiring additional ownership stakes in the company through a $200m secondary transaction.
Redis operates an open-source database platform that enables users to process and analyses their data in real time, supporting predictive decision making.
…
