eharmony and CMB Partner Redis Labs Raises $60 Million

Redis Labs, an in-memory database provider that provides services to eharmony and Coffee Meets Bagel, has raised $60 million series E.

The round was led by Francisco Partners, and featured existing investors such as Goldman Sachs Private Capital Investing and Dell Technologies Capital.

It brings the amount raised by Redis to over $145 million. CEO Ofer Bengal told TechCrunch that while the company isn’t yet cash positive, it is pushing hard on product development.

At Coffee Meets Bagel, the technology firm is “supporting personalization, data ingest and data persistence at massive scale while maintaining low latency and high availability”.

At eharmony, it is applied in a range of areas, “from real-time user authentication and analytics, to supporting low latency match searches, powering news feeds and profile data.”

In addition to leading dating apps, Redis also works with Microsoft, American Express, Mastercard and others.

Earlier this week, white-label chat solution SendBird raised $52 million series B. The firm counts Match Group-owned Hinge among its customers.

In October, the company behind Tinder’s search functionality conducted an IPO. Dutch startup Elastic has seen its share price rise from $70 to over $90 since.

Read more here.