Open-source firm Redis Labs acquires software tool from Indian startup HashedIn

Open-source firm Redis Labs acquires software tool from Indian startup HashedIn
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Redis Labs, a US-headquartered open-source firm which provides database management systems, has bought a software tool built by Bengaluru-based startup HashedIn Technologies.  

HashedIn said in a statement that the acquisition of RDBTools would be a cash deal but did not disclose its value.

Redis’ eponymous open-source platform is used by companies such as Twitter, Snapchat and Github, among others. Its software has use-cases in the spheres of application caches, message brokers and as a primary database model. 

RDBTools is a self-hosted administration tool for Redis, with a focus on reducing memory usage and improving application performance.

The likes of Myntra, Palo Alto Networks and Broadcom have been utilising RDBTools as an effective management tool for Redis, the statement added. 

Founded in 2010, HashedIn developed RDBTools in-house using Redis as its sole open-source platform. A product development services company, HashedIn has also built solutions on Amazon Web Services’ advanced cloud and provides PaaS (platform-as-a-service) solutions via the Heroku Salesforce platform.  

“Being a premier Redis Labs partner and having deep capabilities in Redis, RDBTools, a commercial GUI [Graphic User Interface] tool was natural for us to build,” said Harshit Singhal, chief business officer at HashedIn. 

Yiftach Shoolman, founder and chief technology officer at Redis Labs, said that Redis would continue to develop and maintain the product through the team which originally built it.  

“Over the years one of the most popular requests from the Redis community has been a standard UI [User Interface] tool. After a short due-diligence process we found RDBTools by Hashedin as the most comprehensive tool available in the market today for monitoring and analysing data within Redis,” Shoolman said. 

Mountain View, California-based Redis Labs had in February raised $60 million in its Series E round of funding. It counts Goldman Sachs, Bain Capital Ventures, Viola Ventures, and Dell Technologies Capital among its investors.

Technology giant IBM’s chief digital officer Bob Lord recently told TechCircle that he was bullish about how India can contribute to the global open-source environment, while also developing next-generation software around blockchain and artificial intelligence.