Company
Date Published
Author
Ofer Bengal
Word count
291
Language
English
Hacker News points
None

Summary

We are pleased to announce that Garantia Data has raised $9 million in Series A funds with participation from Bain Capital Ventures and Carmel Ventures, a significant investment that will support the development of Redis Cloud and Memcached Cloud. The company now has over 1,000 paying customers who rely on these services for seamless scalability and high performance. As one of the fastest growing NoSQL databases, Redis is poised to benefit from the expected growth of the NoSQL market, which is projected to reach $1.3 Billion in the next few years. We will continue to support and foster the open source Redis community, building upon our expertise in adapting Redis for enterprise needs.