Redis Labs (originally Garantia Data) is a private computer software company based in Mountain View, California. It provides a database management system marketed as "NoSQL" as open source software or as a service using cloud computing. Redis Labs was founded in 2011 by Ofer Bengal, previously the founder and CEO of RiT Technologies, and Yiftach Shoolman, previously the founder and president of Crescendo Networks, acquired by F5 Networks. On July 15, 2015, the creator of Redis and lead developer, Salvatore Sanfilippo, joined Redis Labs to lead open source development, and Redis Labs became the official sponsor of the open source project. The company secured $4 million in seed funding from angel investors in August 2012, an additional $9 million in series A funding led by Bain Capital Ventures and Carmel Ventures, an additional $15m in Series B funding led by the existing investors and Silicon Valley Bank, and an additional $14 million in series C funding led by the same investors. The company announced a beta version of its cloud services at GigaOm’s Structure LaunchPad in June 2012. According to IT Business Edge, Redis Cloud is especially suitable for “web companies or websites with seasonal or occasional fluctuations in traffic and performance needs." By January 2013 the company had more than 1,000 paying customers including Electronic Arts, Illumina, and Scopely. The Redis Cloud and Memcached Cloud products became generally available in February 2013. In late 2013, Redis Labs announced it will focus mainly on its cloud-based Redis offering, although it will continue to support the Memcached product.