Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.
Redis sells fast data storage software that helps businesses run snappy online applications.
Redis is a software company that sells a very fast way to store and retrieve data for online apps. When you load a webpage, check a product's stock, or see a leaderboard in a game, there is often a database working in the background behind the scenes. Redis is one of the most popular tools for that job because it keeps data in the computer's memory instead of on a slower disk, so answers come back almost instantly.
The company sells a platform built around three main uses: caching, which saves copies of data so apps don't have to recalculate it every time; databases, which hold the core data an app needs; and real-time features, like live chat, rankings, and instant recommendations. Businesses pay Redis for a managed cloud version that handles the setup and scaling for them, plus for enterprise tools and support. Its customers are mostly developers and technology teams at companies who need speed and reliability without building all that plumbing themselves. The story has a twist. Redis started as an open-source project in 2009, and for years the free software was the on-ramp that made the brand famous. In 2024 the company (then called Redis Labs) switched to a more restrictive license for its core code, which annoyed some longtime users and led to a rival fork of the software. In 2025 it changed its name to Redis Ltd. and brought in a new chief executive, Rowan Trollope, to push harder into the paid cloud business. It competes with big database players like MongoDB and cloud providers' own offerings from Amazon and Microsoft, who sell similar in-memory services.
Redis is a private company, so it does not report public earnings or pay dividends. Its investors have valued it in the billions of dollars, and the bet is that as apps get more demanding, more businesses will pay for speed rather than build it themselves. The main risk is simple: the core software is well known and partly free, so the company must keep convincing customers that its managed version and extra tools are worth the bill.
Saved answer · last researched 15 Nov 2026