Introducing DigitalOcean Managed Caching for Valkey, The New Evolution of Managed Caching

DigitalOcean has launched Managed Caching for Valkey, a fully managed in-memory key-value datastore designed to replace their previous Managed Caching service. This new service offers enhanced tools and is fully compatible with Valkey 8.0 and Redis 7.2.4 as a database. It provides benefits such as fast and efficient data storage, reduced database load, improved response times, and optimized resource usage. Existing customers with Managed Caching environments will have an end-of-availability (EOA) date of April 30, after which new clusters cannot be created, but existing clusters will remain operational. DigitalOcean Managed Caching for Valkey offers a range of features including automated failover, end-to-end security, high scalability, observability and monitoring, unique developer tools, and predictable pricing with flat rates and monthly caps starting at $15/month.