Enterprise database startup Redis Labs Inc. has raised $44 million in a Series D round led by Goldman Sachs Private Capital Investing.

Founded in 2011, Redis Labs provides a hosted cloud service for Redis, an open-sourced NoSQL structure store that is primarily used to host databases but can also be used as a cache and message broker. The Redis open-source database platform is a system that is typically used to keep the most frequently accessed subset of records from a service readily available in memory to avoid the overhead of pulling data off the slower back-end systems on which the primary database runs.

Redis Labs claims to have topped a poll as the “most loved database” in a survey by Stack Overflow, something that is a rather unique claim but ultimately it’s the numbers that count and Redis Labs is doing well with 70 percent year-over-year revenue growth in the most recent quarter with a customer list that includes Docker, HotelTonight, eHarmony and Mashape.

“With DRAM availability in commodity servers having grown 50 to 70 percent CAGR over the last 10 years, it makes sense that your primary operational database should be an in-memory database,” Bain Capital Ventures Managing Director Salil Deshpande said in a statement. “Particularly a database management system such as Redis Enterprise, which can seamlessly stitch together the DRAM, Flash, and NVRAM of hundreds of commodity servers, to allow operators to perfectly balance performance, cost, and transaction orthodoxy.”

Including the new funding, Redis Labs has raised $86 million to date. The latest round also included Bain Capital Ventures, Carmel Ventures and Dell Technologies Capital.

The company said it would use the new funding for its “continued market penetration” in more industries and geographies.

Photo: SiliconANGLE