Enterprise-class Redis Cloud provider, Garantia Data, raises new
funding to fuel the growth and adoption of its Redis Cloud service which
already supports more than 1,000 paying customers
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Garantia
Data today announced it has raised $9 million in a series A funding
round led by Bain Capital Ventures and Carmel Ventures, bringing its
total funding to date to $13 million.
Garantia Data already has more than 1,000 paying customers for its Redis
Cloud service. Customers benefit from infinite seamless scalability,
true high-availability, stable top performance and fully automated
operations. The service is currently available over public clouds
including Amazon Web Services (AWS) and Windows Azure, as well as
platform-as-a-service (PaaS) providers such as Heroku and AppFog.
"Redis rules in-memory NoSQL. It is among top three database choices by
developers and has become a cornerstone of new applications," said Salil
Deshpande, Managing Director, Bain Capital Ventures, Palo Alto. "We
invested in Garantia Data because the reliability and painless
scalability of their commercial Redis offering makes Redis adoption
feasible for enterprises."
“The comprehensive technology developed by Garantia Data opens the door
for true in-memory NoSQL computing, and is a game-changer,” said Ronen
Nir, general partner at Carmel Ventures. “I look forward to joining the
board, and helping to advise the company on achieving its potential.”
Strong Growth in Redis Market
Redis is among the top three databases selected for new applications and
is expected to capture 15 percent of the NoSQL market in the next few
years. According to 451 Research, the NoSQL market is expected to cross
$1 billion in revenue by 2016. With this investment, Garantia Data, the
leading commercial Redis provider, is making a significant move in the
database space to capitalize on the explosive growth of NoSQL and Redis.
“Redis is one of the fastest growing databases in the NoSQL space and we
are continuing to see tremendous potential in the market,” said Ofer
Bengal, co-founder and CEO, Garantia Data. “Being a significant
contributor to open source Redis and at the same time serving our more
than one thousand customers commercially, we know exactly how to adapt
Redis to enterprise needs. The current round of financing will enable us
to further enhance Redis Cloud’s core capabilities in order to meet the
unique use case that Redis offers for both developers and large IT
organizations.”
Garantia Data will be at AWS re:Invent, November 12-15, 2013 in Las
Vegas, Nevada at booth 627 demonstrating its enterprise-class Redis
Cloud service.
About Garantia Data’s Founders
The company was founded by Ofer Bengal and Yiftach Shoolman, two serial
entrepreneurs with proven track records and unique expertise in
application acceleration and high performance networking.
Ofer Bengal, founder & CEO
Ofer is a serial entrepreneur
who has founded and led several companies in the areas of data
communications, telecommunications, Internet, homeland security and
medical devices. Ofer was founder & CEO of RIT Technologies (NASDAQ:
RITT), a provider of sophisticated telecommunications and data
communications systems to major world carriers. He began his career as
an aerospace engineer in the Israeli Air Force and then built his own
aerospace engineering consulting firm. As a hobby, he has also invented,
developed and licensed toy concepts to companies such as Milton Bradley,
Hasbro and Tomy. Ofer holds a Bachelor of Science (Cum Laude) in
aerospace engineering from the Technion, Israel Institute of Technology.
Yiftach Shoolman, founder & CTO
Yiftach is an
experienced technologist, having held leadership engineering and product
roles in diverse fields from application acceleration, cloud computing
and software-as-a-service (SaaS), to broadband networks and metro
networks. He was the founder, president and CTO of Crescendo Networks
(acquired by F5, NASDAQ:FFIV), the vice president of software
development at Native Networks (acquired by Alcatel, NASDAQ: ALU) and
part of the founding team at ECI Telecom broadband division, where he
served as vice president of software engineering. Yiftach holds a B.Sc.
in Mathematics and Computer Science and has completed studies for M.Sc.
in Computer Science at Tel-Aviv University.
Supporting Resources
Follow Garantia Data on the Web at:
About Garantia Data
Garantia Data offers enterprise-class Redis by its fully-managed Redis
Cloud service. Providing infinite seamless scalability, true high
availability, stable top performance and zero management, Redis Cloud
enables developers and enterprise IT organizations to successfully
enhance Redis operations in a variety of use cases. Redis Cloud is used
every day by more than 1,000 paying customers. Privately held and backed
by leading VCs, including Bain Capital Ventures and Carmel Ventures,
Garantia Data’s team of software veterans combines more than 150 years
of aggregate experience in database technologies, application
acceleration and cloud computing with a proven track record in
transforming innovative ideas into viable and valuable products. For
more information visit: http://garantiadata.com/
Twitter: @garantiadata.
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Mindshare PR
Heather Fitzsimmons, 650-800-7160
Heather@mindsharepr.com
Source: Garantia Data