In-memory database company Redis Labs has raised $60 million in Series E financing. The investment was led by a new investor, Francisco Partners. Existing investors, Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures, and Dell Technologies Capital, also participated in the funding.

Francisco Partners’ chief investment officer David Golob will join the Redis Labs board, the company said in a statement. The firm’s operating partner Eran Gorev, is joining as a board observer.

Redis Labs has raised $146 million in total funding to-date.

[Image courtesy: Redis Labs]

Updated: Aug 13, 2023