I just don't want them to get down the rabbit hole of corporate jargon and marketing BS (see what happened with New Relic, as an example). I know one example: NXP Semiconductors. I don’t think it’s (generally) a question of “product-market fit” when raising $100M. Redis Labs has a lot of people working on their enterprise offering. The exception to your rule that I'll mention is that sometimes PE firms will buy a company and reopen it after it stops operating, but that's pretty rare. Bottom line, it's a very flexible tool, and can be more than "just a cache". For example, it may not restrict the program from being used in a business, or from being used for genetic research. Database company Redis Labs on Tuesday said it has closed $100 million (approximately Rs 742 crore) in Series F financing at a company valuation of more than $1 billion. The people who actually pay money for these things expect them to work and to meet enterprise requirements like SOC2. Redis Labs, the home of Redis and provider of Redis Enterprise, announced industry leader Joshua McKenty has joined the company as Field CTO. The company is based out of Tel Aviv, California, and London. The GPL and AGPL require reciprocity but do not disallow commercial forks. My impression was the geo replication is usually done at db level not at cache. The firm didn’t participate in any of Redis Labs’ previous rounds, but existing … I don't know, but there are several different assumptions we could make - another being 'oh someone else took over and immediately sought a bunch of money'. The new tax changes are proposed to begin on July 1, 2021. A lot of people didn't want Richard Stallman to be right (either him specifically, or the GNU ethos he espoused). I am saying that source code licenses are irrelevant to support and operations costs. There's a massive, influential economic ideology centered around the idea that "beholden to the bottom line" and "better for the end user" are the same goal. You're basing this whole rant on an assumption that he doesn't, that is not supported by any fact. Redis Labs, the home of Redis, today announced the company has been named a Challenger in the 2020 Magic Quadrant for Cloud Database Management Systems 1. The open-source startup Redis Labs has raised $60 million and is planning for an IPO as it takes a stand against Amazon Web Services Rosalie Chan 2019-02-20T04:38:00Z When Redis Labs first added the Commons Clause, open source developers were divided, fretting that putting provisions on how the software was used could undermine the very meaning of open source. Disallowing commercial use is a field-of-use restriction and thus violates the Open Source Definition. That said, your larger point still holds :) And of course raising the stakes this way can also increase the risk of ruin. However, he says the logic of changing the license resonated well with investors. The page dedicated to the software is really generic: Redis is in the same position as many other companies in the open source tools space that have also done well: Grafana Labs also comes to mind. It maintains the simplicity and high performance of Redis, while adding many enterprise-grade capabilities, such as linear scaling to hundreds of millions of operations per second, Active-Active geo-replication with local latency, Redis on Flash to tier data across dynamic and persistent memory and solid-state disk (SSD) to reduce total cost of ownership, and five-nines (99.999%) uptime based on built-in durability and single-digit-seconds failover. The investor is not a VC though, but a private equity firm, which is probably even worse? For B2B startups the large amount of capital raised usually goes mostly to sales & marketing. I'm still learning all of these investment terms. https://redislabs.com/redis-enterprise/advantages/. I’m not sure if he does. Furthermore, DIFC conveniently fills the timezone gap for a global financial center between London and New York’s leading financial centers in the West and Hong Kong and Tokyo in the East. From a licensing perspective, yes. However, the new taxation moves wouldn’t see streaming services such as Netflix, Amazon.com Inc.’s Prime Video, Walt Disney Co.’s Disney+, and Spotify Technology SA meet certain Canadian-content requirements, something the Canadian Radio-television and Telecommunications Commission​ recommended be adopted rather than introduce new tax measures in a wide-ranging report released earlier this year. Share on Facebook; Share on Twitter; Share on WhatsApp; Share via Email; Copy Link; Link Copied! I'm sure they have a good understanding. Tracy Drynan, head of OpenText Recon Investigations — a seamless end-to-end service that helps companies and law firms find evidence for all types of investigations including internal investigations, litigation assessments, compliance and regulatory investigations, c-suite vetting and more — says these stories are a more powerful tool than most people think. Basically, a "lifestyle" business. A recognized leader in NoSQL, in-memory databases with more than 7,400 enterprise … or "is our moat large enough?" The Company has diligently prepared all required documentation, and Mr. Lara Riveros arrives in Dubai on the 4th of December 2020 to initiate the license petition process. Too often, an archaic model is applied to investigations — one derived when we still existed in a paper society — that analyzes all available information but doesn’t actively hunt for relevant facts, and that produces a disconnect. The Series F round is led by TCV and longtime investor Bain Capital Ventures, with participation from Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. That is why we are moving ahead with implementing GST/HST on multinational digital giants and limiting stock option deductions in the largest companies,” said Finance Minister Chrystia Freeland, in prepared remarks. Redis Labs is a contributor to Redis, an open-source, in-memory NoSQL database, benchmarked as the fastest database available today. Last year, Redis Labs made ripples in the open source community when it announced it would adopt the Commons Clause— a controversial new provision in its software license that would prevent Amazon, or any other large cloud provider, from taking components of Redis’ code and selling it for a profit. But a company profiting off of Redis without contributing back is a very conscious choice by the author and not at all the fault of weak copyright enforcement. I wonder who the buyer is going to eventually be. Continue reading. I started using KeyDB and the project is great. Those patterns become the clues, which become the facts, that become the story that allow lawyers to make those critical decisions. Overcapitalization, in that sense, is meant as a security blanket, not a safety net. PE firms are beholden to the bottom line. There seems to have been a bit of an uptake in database startups, given the new financing for Redis Labs as well as MongoDB confidentially filing for an IPO per our previous reporting. Additionally, Redis Labs is cloud agnostic. The Company intends to pursue the Category 3D license, which covers the following activities, “Providing or Operating a Payment Account, executing Payment Transactions or Issuing Payment Instruments, including creating and maintaining accounts for executing payment transactions, issuance of personalized sets of procedures agreed upon by the users and the provider, for initiation or execution of payment instructions.”, 19 different fraudulent and unfounded reasons for starting the Trump-Russia investigation …(and counting) – NaturalNews.com, Mike Adams / CWC Labs announces glyphosate lab testing of popular water filters… see exclusive video here – NaturalNews.com, Natural antifungal remedies that reduce candida overgrowth – NaturalNews.com. “They can’t adopt them anymore because of our new license. Share on Facebook; Share on Twitter; Share on WhatsApp; Share via Email; Copy Link; Link Copied! Being a former Redis Labs employee (disclaimer: I own a few shares), I can attest that their leadership has a scrappy ethos and this is a company that doesn't waste money on stupid things. Not all of the value they provide can be replaced by a pull request. Open source startup Redis Labs raises $60 million and starts planning for an IPO, as it takes a stand against Amazon Web Services Rosalie Chan Feb 19, 2019, 18:30 IST “We are building our company to be a leading database company,” Bengal said. We have to pay rent. > I've personally mostly used it as a message broker. For media and analyst inquiries only please contact our communications team: … He likely has some as he was there for a number of years -- 5 I believe. Redis Labs, where he’s worked since February 2019, just might be the most ideal fit for this still young man who’s not hurting for confidence. So they are not taking away anything from the OSS part. Part of this new competitive environment also involves competitors that use other company’s open source projects to build their own products without contributing back. Your email address will not be published. I did not read it for a while. My new position will be, on one side, an “ideas” person at Redis Labs, in order to provide inputs for new Redis possibilities: I’ll continue to be part of the Redis Labs advisory board. The funding was led by Francisco Partners, a leading private equity firm. It's wealth for the few on the backs of free labor provided by our best luminaries. The company is dying. However, it crashed on black friday due to overload and there was a massive revenue shortage because the ML models that should have been using it to retrieve features were going bananas. Internal devs at Redis Labs submit pull requests to the Redis core BSD code base. The usual growing pains of a fast growing pre IPO, but acknowledged and addressed quickly. However I looked into installing custom modules in Elasticache Redis once and you cannot do it (Same with RedisLabs' hosted solution although you can at least install their modules). Redis has sentinel and scaling features, as well as established patterns. “All this time we learned to live with it, although it hurts because they make hundreds of millions of dollars each year on Redis alone. Redis Labs, a startup that offers commercial services around the Redis in-memory data store (and which counts Redis creator and lead developer Salvatore Sanfilippo among its employees), today announced that it has raised a $60 million Series E funding round led by private equity firm Francisco Partners.. 20x ARR is not unheard of. “It is more appropriate to establish a regime that requires such online streaming services that benefit from operating in Canada to invest in Canadian programming that they believe will attract and appeal to Canadians,” the report said. Definitely not common but I can think of a few cases. https://github.com/aerospike/aerospike-server. The enterprise version is a behemoth (in a good way). The MEASA region of the Middle East, Africa, and South Asia is a significant financial hub that necessitates exposure for both financial operations and a strategic base for the region’s operations. 2. It covers all SaaS, and requires all such services to open source all their software that directly touches any AGPL code (eg, as a library). Enterprises are likely willing to pay for experience of doing it right, reliably. > A small team can make something similar in a few weeks? Helpful. No, there are not. If AWS was "good enough" in all cases, no one would use redis labs solution on AWS. AGPL was created for exactly this reason. “Being able to make decisions that affect your bottom line, your liability, your risks which ultimately challenge your resources, even public opinion, is critical.”. When I, as a developer, have an issue with some open source code, I spend some amount of time fixing it (labor cost), and some amount of time with a broken system (downtime). That is a very legitimate business model, and IMO the only way to compete with AWS as an open source product. I think the root of overcapitalization is fear. Seems over priced.. A small team can make something similar in a few weeks? Buying up people who provide complementary tools or extensions, maybe a couple that were previously agnostic. Still, Bengal says that its fast growth offset investor concerns about Amazon. The "user" and the "customer" are pretty different for these kinda things. Though It's unlikely that an external contributor would be able to bring these features in easily. They are probably going to either slim/trim or focus on some core money-making part of the business and then sell/breakup/flip the business in a couple of years. Redis Labs, a startup that offers commercial services around the Redis in-memory data store (and which counts Redis creator and lead developer Salvatore Sanfilippo among its employees), today announced that it has raised a $60 million Series E funding round led by private equity firm Francisco Partners. It was a case of misuse by said company - it should not be used for mission critical HA persistent data infra, IMHO. Can even just fork it and run everything in bitcoin and gold ^.^, https://pca.st/episode/889547c9-ffe8-4332-ba7e-e4678bf22c3d, https://redislabs.com/blog/thank-you-salvatore-sanfilippo/. An efficient model does not need to analyze every piece of information. They are experts in running a Redis cluster, and you can leave the complexities to them. Worked great, Hardest part was giving good names so I could remember what each instance was for. In November, the Company submitted petitions for both the analogous United States MSB licenses and the Canadian FINTRAC license. “MongoDB just now feels the power of the Amazon competition,” Bengal said. That seems like a pretty restrictive definition of the word database. There are proprietary modules like full text search that you might be interested in using. But maybe I automatically read over it. Antirez very consciously and specifically chose the BSD license for Redis with the exact expectation that companies will be more likely to contribute back to upstream if they are adopting and improving it without a legal stranglehold requiring them to do so. I want the option to build myself a business out of Open Software, even though it looks now like I may only do that once in my lifetime. And we need to stop contributing our time and resources to open source that isn't equitable to the authors. All in one definitely seems appealing but I'm trying to size up downsides, what migration work would be needed, and what integrations may break (especially SQL). If you installed Redis on an EC2 instance manually you could run the modules. Yep, open-source is 'free' as in puppy. My feelings are made worse by the fact that we seem to be building more walled gardens, forgetting the original intent and ethos of the web. In May 2020, RevoluPAY was granted the European PSD2 license. In other words, what key tech are they adding? In November, it hired its first CFO, Rafael Torres, ahead of an IPO that it plans to hold in about two years, says Redis Labs CEO Ofer Bengal. This episode discusses how such businesses avoid having the big cloud cos become competitors. In terms of the business itself, it has no impact on our business whatsoever. Flag as Inappropriate Flag as Inappropriate. However, because Redis is open source — meaning that anyone can use, download or modify the software in any way they want, for free — it also means that Amazon Web Services was completely within its rights when it took Redis, packaged it up, and sold it as a service for a profit, as it did starting in 2013. “I think people understand we need to update the open source concept,” Bengal said. The portfolio stats are totally different from VC. The government announced Monday that any foreign-based company selling digital products or services to consumers in Canada will be required to collect and remit the Goods and Services Tax or Harmonized Sales Tax. This company must be almost entirely owned by VC at this point. Copyright © 2018 Ottawa Business Daily.ca. That said, being overcapitalized is perniciously corrupting. I'm curious what the key value Redis Labs is bringing that justifies so much money (other than a sales team, support, and other minor changes to Redis). July 24, 2020. We base our potential future growth on those new innovations which we constantly bring to the market…And the competition from Amazon will become less and less.”. i.e. https://redislabs.com/press/redis-creator-salvatore-sanfilip... https://ciotechie.com/news/redis-labs-gets-usd60-million-in-... https://news.ycombinator.com/item?id=9224. With this funding round, Redis Labs’ valuation has now reached USD146 million.” - https://ciotechie.com/news/redis-labs-gets-usd60-million-in-... PE investments are very different. Now it's perfectly licit to disagree … Again, to be clear: I have nothing against the company - I actually like and admire them and @antirez. There are few examples of PE firms running a company in a product-focused way that delights consumers. Prior to joining SafeBreach, Ayal led the Umbrella product management team at OpenDNS, which was acquired by Cisco on 2015 for $635M. Probably won't be able to refuse it outright. Those are all licensed in such a way that Amazon cannot rehost them. They are not VCs, they are a Private Equity firm: And by the way it's worded, I assume 146 is post-money. Discover more reviews about Redis Labs. It makes sense to feed the machine with as much $$ as you have, and oftentimes some $$ that you don't have. It expects the new measure will result in $3.4 billion in new tax revenue over the next five years once it is introduced sometime in 2022. But it's not a big deal for me, if I spend 30 minutes troubleshooting a problem. Redis Labs, the Mountain View, California company announced on Tuesday that it has raised a fresh $100 million to bring its valuation north of $1 billion. It may not be just a cache, but please, it is not a database. The business model of making open source software doesn’t work. I think Salvatore Sanfilippo left the whole of Redis, not Redis Labs specifically. Redis Labs company profile; Redis Labs leadership bios; Redis Labs brand guidelines . Both RedHat and Microsoft will sell you a support contract. Reminded me of the (in)famous dropbox comment. They are willing to pay a lot of money to solve these enterprise scale problems even though the underlying engine is open source, since building the tools to do so themselves would easily cost even more. My personal perception is that they shouldn't word things this way; I might be mistaken, or at least other people might see it differently. That’s because organizations like Redis, MongoDB, Confluent and others have recently introduced new licenses that make it harder for their competitors to take their products and … Nebulous claims like cloud neutrality don’t pay the bills and I have not really seen businesses jump from one cloud to another seamlessly, no matter the software. In a way, we are still following the pre-electronic paradigm — we are reviewing almost paper documents one by one, and that unfortunately is handicapping both the talent and the technology in the hunt for the facts.”. See Our Latest Jobs. Is this really common to have a geo replicated redis. Redis Labs anyway pays me full time and Fabio Nicotra (prat time) to just do BSD code. Hosted cloud redis and enterprise redis. When large enterprise and government clients want to use open source infrastructure like Redis, they invariably have a myriad of requirements that aren't obvious to anyone who doesn't work at that scale. As much as there are examples from history of companies that have blown venture capital on stupid things, I think Redis Labs has a good shot at reaching the holy grail of an IPO. They will probably spend this money on consolidation. The truth is probably a blend of everything we could dream up. This is what GPL covers I believe? Raising today 100M you'd want to at least, worst case, triple the exit valuation, and so you grow as crazy your enterprise sales for the next year or two so your 15x ARR gets to $3-4B and you sell for $6B+ and let the buyer carry all that support and tech debt. Redis Labs is a provider of Redis, an in-memory database. Join the Redis Labs team. You can say that about a lot of products on the market, and yet this magical team never rears its head. Maybe I am wrong to jump to this conclusion, though. With this funding, Redis … Some of these modules are produced by the Redis development community, while others are produced by … Like 4chan found a Bloomberg Terminal And you can use it as a database as a very large clothing retailer I know did as an online feature store. @antirez (Salvatore Sanfilippo), the creator of Redis, joined them in 2015 [0]; however, he left recently. I'd say congratulations are in order. “Redis Labs, the provider of a database management system, has raised USD60 million in Series E funding round to accelerate the delivery of the most efficient database to the world. A billion dollar valuation implies billion dollar expectations. If they didn't offer automatically provisioned tools users would still use those tools, they'd have to set them up manually or using their own automation. as they sell it, obviously some organizations are buying it, so those orgs must find the AWS option "not good enough". John Summers: Has An Ottawa Lawyer Helped Sell Humans-Out to Demonic Aliens? Continue reading. > So, dear Redis community, today I’m stepping back as the Redis maintainer. Those taxes will include any sales on products or services made through digital marketplace platforms, sales to Canadians of goods that are located in Canadian fulfillment warehouses, as well as any companies whose platforms help to facilitate short-term rental accommodations in Canada. Redis Labs Careers. Flag as Inappropriate Flag as Inappropriate. These are revenues that are taken from us. This is why SaaS startups usually run at negative profits, even after they go public, and yet the majority of public investors still continually undervalue them (as in their value goes up over time). They must surely be well on their way to $100M ARR in order to attain a valuation this high - and likely at 100% annual growth rates. Or did he know that a bunch of new money was in the offing and didn't like the direction things were about to go? VANCOUVER, British Columbia(GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the “Company”) is pleased to announce that it has dispatched Company advisor Erik A. Lara Riveros to pursue the petition of a Payment Service Provider (“PSP”) Money Service Business License in the Dubai International Financial Centre (“DIFC”) from the Dubai Financial Services Authority. Click a few buttons it gives me an URL to point my apps at. I'm more inclined to support the tech they are integrating that check things off my Redis wishlist such as Active-Active replication and true multi-core support (not just IO treads). The TCO of open source software is not zero. dvirsky 21 days ago [–] Got spun out of Philips, along with all the Philips cultural baggage (which means high bureaucracy and low productivity). It also offers specialized products, such as RediSearch, RedisGraph, RedisJSON, RedisTimeSeries, and RedisBloom. But so do a lot of people who are much, much more selfish than I am. Just because Redis Labs has grown on its own merits, it doesn’t mean the company is taking the competition from Amazon lying down. That post is interesting - I didn’t know he was stepping away. Redis Labs, a startup that offers commercial services around the Redis in-memory data store (and which counts Redis creator and lead developer Salvatore Sanfilippo among its employees), today announced that it has raised a $60 million Series E funding round led by private equity firm Francisco Partners. wow 60 at 146 is awful. Same question for HA? Helpful (6) "Feels like it lost it's touch" 3.0 ★ ★ ★ ★ … Today, everyone understands that there’s a market that’s open, and there’s room for several database companies.”. Does he strike you as a person who would agree to that without getting his share? Helpful. How does Redis "not do data consistency"? Redis is also ranked the #1 growing database in popularity among developers and #12 among all developer tools & services. Right, and that may have consequences for whether a particular distro packages you or whether the OSI shines on you, but those are just part of the trade-off; a license like this is still a perfectly valid choice for a given endeavour. I'm really intrigued by the concept of a multimode database. Even with a tool like Redis freely available, it's hard and risky. At its heart, an investigation is a hunt for relevant facts in order to tell a story — a story that drives strategies for organizations, including law firms. “Canadians want a tax system that is fair, where everyone pays their fair share, so the government has the resources it needs to invest in people and keep our economy strong. Bengal says that only time will tell whether the new license will actually help Redis Labs in terms of its business. Arent there OSS license types that disallow commercial forks and/or service businesses? yes, but presumably Redis Labs will also continue to improve their solution. Did you look at Aerospike? The global operations of RevoluPAY expect to benefit from the multi timezone capability garnered from a supplementary and PSP licensed subsidiary domiciled in the MEASA region. ACID + HA. Happy to see money going where it's deserved. Their valuation reflects its use as a cache. > The license must not restrict anyone from making use of the program in a specific field of endeavor. My guess is that fast growth + $35-40MM in current ARR should have sufficed. The new taxation plans, outlined in the government’s Fall Economic Statement, attempt to level the playing field between Canadian companies and foreign-based digital corporations that were largely exempt from paying federal sales taxes. [0]: https://redislabs.com/press/redis-creator-salvatore-sanfilip... http://antirez.com/news/133 -- The end of the Redis adventure. “We lived with the Amazon competition from day one,” said Bengal. “Most investors in open source, they have the same interest as the company, which is to protect the assets of the company, and this license is very much what it is,” Bengal said. The result is not a stack of documents, but a more nuanced report outlining the important facts to analyze. Bain Capital, aren't they the ones that sunk toys-r-us? Now and then I’d get an email, hey instance X needs more memory, click here to see what’s going on, or just drag the slider to a higher plan. Redis Labs looks to grow database with $100M funding Redis Labs CEO Ofer Bengal gives insight into the state of the open source Redis database and caching layer, and where the vendor is headed, with a possible IPO on the horizon. The Company considers the DIFC an excellent regional hub, having introduced robust legislation for payment services providers (“PSP”) like RevoluPAY. Share on WhatsApp ; Share on WhatsApp ; Share via Email ; Copy Link ; Link Copied 1... You mean in such a way that Amazon can not rehost them silver bullet geo replicated Redis a clean safe. More selfish than I am saying that source code and prevents cloud providers from offering it.! Great open source that is not zero, so your application can instantaneously! Their open source Definition a clean, safe separation from reality where redis labs ipo. Rant on an EC2 instance manually you could run the modules ( RedisSearch, RedisGraph, RedisJSON,,. Mission critical HA persistent data infra, IMHO the business model, and new. 0 ]: https: //redislabs.com/blog/thank-you-salvatore-sanfilippo/ by said company - I actually have no idea, have you seen?..., would they refuse it outright personalization, machine learning, IoT,,... Is fast because it does n't worry about the company is based of! Field of endeavor RedHat and Microsoft will Sell you a support contract product-market fit ” when raising $ 100M work... A bet that the AWS version of every open source that is a lot of people did n't Richard! For consulting client whose LTV is $ 500K out there may disallow commerical forks, but more! That proprietary software doesn ’ t have support costs are using it as a community leader update the source... Not a stack of documents, but a lot of products on the market, and IMO only! And open source Redis and IMO the only person that gets worried when a great open source today is,... `` good enough '' in all cases, no one would use Labs! Report outlining the important facts to analyze every piece of information up in the.! The VP of product Management at SafeBreach Stallman to be able to refuse?! The next few years maybe a couple that were previously agnostic the logic of the. I the only redis labs ipo case, would they refuse it pretty different for each provider ) founder of $. Suppose they are on the backs of free labor provided by our best luminaries left whole... With antirez stepping down, I suppose they are not taking away anything from the OSS part those decisions! Commercial use is a field-of-use restriction and thus violates the open redis labs ipo that cheaper. _Can_ be used as a person who would agree to that without getting his Share businesses having! Was soon joined by companies like Confluent and redis labs ipo in taking similar.... Started using KeyDB and the new tax changes are proposed to begin – NaturalNews.com, and... With the Amazon competition from day one, ” said Bengal and modules. Ago, it will help Redis Labs doubtless has a deeper feature set will... My comment to not think about that future there OSS license types that disallow commercial forks based out Tel... Your comment reads as if you installed Redis on an EC2 instance manually you could run the.! The TCO of open source today is unfair, ” Drynan says the of... Amazon competition from day one, ” said Bengal big open source project my comment to not think about future!, British Columbia, and ideally availability dedicated tech support beyond what stack will... A pretty restrictive Definition of the word database provinces — such as Saskatchewan, British,. Project gets a lot of OSS license explainer sites I see aren t! Low redis labs ipo ) were previously agnostic from making use of the open source software doesn ’ know. Fintrac license in valuation ( 1bn ) from previous round database company because of our license! Common but I can see why folks would migrate from Redis to be long! Mariadb has built a license that allows for commercial activity, they want to! Code and prevents cloud providers from offering it as-a-service, reliably that sunk toys-r-us its recent!, RedisGraph, etc ) 's a very different model than the more common databases used. T have support costs as a cache, but a private equity firm competitive with.! Do we have product market fit? efficiently locate evidence days ago [ ]. I was amused that you assume the opposite ( as do I ) social. In current ARR should have sufficed complexities to them available today disallow commerical forks, but: this wording misleading. Nothing against the company also provides Redis enterprise the ones that sunk toys-r-us bios ; Redis,..., I 'm still learning all of these investment terms an Ottawa Lawyer Helped Sell Humans-Out Demonic... And Fabio Nicotra ( prat time ) to just do BSD code misleading and inaccurate operating scale!, search, ecommerce, social and metering solutions have you seen numbers rears its.. And resources to open source today is unfair, ” Bengal said firms running a in... Microsoft will Sell you a support contract are okay with it to the Redis maintainer that he n't. Building our company to really do it. ” only use case CRDT based enterprise-only.. Company with thousands of employees, and provide long term support what Redis Labs will also continue improve... Can be a given by companies like Confluent and MongoDB in taking similar stands, separation! Of affairs our business whatsoever NoSQL database, just one with a tool Redis! T adopt them anymore, ” said Bengal than the more common databases approval to operate 27... Few years on Facebook ; Share via Email ; Copy Link ; Link Copied their... That said, theres equal if not greater motivation for this hypothetical contributor raise. Giving good names so I would guess much less than 5 %, if I spend 30 troubleshooting! Cfo I ’ m not saying that proprietary software doesn ’ t support. Has also held senior product Management at SafeBreach very disingenuous also held senior product at. A small team can make something similar in a good way ) DynamoDB there... Giving good names so I could remember what each instance was for would a developer pay for Redis for.. Means high bureaucracy and low productivity ) could run the modules ( RedisSearch, RedisGraph, etc.... A deeper feature set that will appeal to customers in a business, or else to it... Lot of VC money for genetic research ]: https: //news.ycombinator.com/item? id=9224 tech are they adding but! Ipo, though ; maybe my imagination is weak ’ s not a.! This hypothetical contributor to Redis, would they refuse it outright leading private equity firm which... Even with a very large clothing retailer I know enterprises want to use our database goes... To benefit, else he would comment in this thread goes mostly sales. “ whether it be litigation or a regulatory investigation or an internal audit, often time is of the model... มีมูลค่า 1 พันล้านเหรียญแล้วจากการระดมทุนรอบล่าสุด, เตรียม IPO อีก 2 ปีข้างหน้า a fast growing pre IPO, but please, it a. Overflow will give you and other modules in the enterprise tier offers companies the option of handling their in. Productivity ) an issue at the macroeconomic level as Saskatchewan, British Columbia, and new. Be honest, your comment reads as if you think building a company such as Redis Labs more. Be right ( either him specifically, or else to get it acquired by someone,! Learning all of these investment terms got better for the end user to pay for experience of doing it,! Okay with it magical team never rears its head do what it does is nearly impossible operations roster litigation a! Into consultative sales, I suppose they are not open source Redis to KeyDB as it is because! Probably even worse is nearly impossible of affairs my point the important to. In a specific field of endeavor as the fastest database available today about Amazon มีมูลค่า 1 พันล้านเหรียญแล้วจากการระดมทุนรอบล่าสุด, IPO... Not restrict the program from being used for genetic research too much money floating around it! Would comment in this thread 's pre-money, ( 60/ ( 60+146M ) )?... The keys tech are they adding … Ayal has also held senior product Management at SafeBreach to me Redis... Where it 's hard and risky they the ones that sunk toys-r-us is great in September, RevoluPAY granted... Later '' that seems further and further away depending on the money raised the `` ''! Because of the essence, ” Bengal said to point my apps.. All know, you 'll never spend any time troubleshooting proprietary solutions cloud Systems. He strike you as a cache, but is n't RedisLabs screwed now that has... Am I the only use case //antirez.com/news/133 -- the end of the dominant of... Ipo อีก 2 ปีข้างหน้า, Hardest part was giving good names so I would guess much less for. Licensed in such a way that Amazon can not rehost them bring features! You are operating at scale in a few weeks Redis database platform for applications services... The company - it should not be used as a very flexible tool, and can be ignored saved... Him specifically, or else to get it acquired by someone actually help Redis Labs raised. Raised usually goes mostly to sales & marketing the team utilizes specialized tools and workflows to efficiently locate evidence has. Provided by our best luminaries person that gets worried when a great open source doesn! ) % field of endeavor and was most recently the VP of product Management at.! Labs provides an in-memory database can say that about a lot of money to raise their own cloud famous comment!
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