Redis passes $300 Mn in Annualised Recurring Revenue

Real-time data platform Redis has announced that it has passed $300 million in annual recurring revenue (ARR). Additionally, the company now has 50+ customers who spend more than $1 million annually, an increase of more than 20 percent year-over-year. It also has 12,000 paying customers, including a third of the Fortune 100.

Redis’ AI solutions serve as a real-time context engine for AI systems – a single platform that searches, gathers, and serves AI data, providing the memory, caching, and coordination that agents need to perform personalized tasks fast and accurately, at scale.

With tools and features like vector search and storage, Agent Memory Server, and managed semantic caching service LangCache, Redis provides the fastest search and performance at scale while accurately delivering context and reducing LLM latency.

“We’re starting to see the emergence of ‘systems of decision,’ real-time data infrastructure that sits at the front of the stack where agentic decisions are being made, providing the necessary context and operational data to drive AI applications. This is Redis’ traditional place in the stack, so developers have realised that we’re a natural fit for those types of workloads,” Redis CEO Rowan Trollope said in a press release.

Redis also reduces expensive and energy-intensive calls to LLMs by caching common responses, and enabling RAG to reduce the computational load on models.

"The defining challenge we face as AI matures will be finding a way to scale the compute resources it requires in a sustainable way,” said Dave Easton, a partner at Generation Investment Management. “Advancements that help reduce unnecessary computation and improve how data is managed and accessed will be essential as AI adoption accelerates, and technologies like Redis are a piece of this complex puzzle. This financial milestone, powered by Redis' growth in AI use cases over the past couple years, is an encouraging sign that sustainability and scale can go hand in hand."

Trollope said he expects Redis’ growth to continue to accelerate as agentic AI becomes more commonplace inside businesses.

“We have an incredibly diverse customer base,” he said. “We’re a core technology for companies building some of the foundational pieces of AI like models and coding agents, while also being a bedrock piece of infrastructure for enterprises building complex AI systems. This is the most exciting moment in technology of my lifetime, and it’s incredible to have Redis at the center of it.”