Redis passes $300M in annualized recurring revenue

The Israeli unicorn Redis is laying off dozens of employees in Israel, according to information obtained by Calcalist. The company, which has raised $357 million to date, employs approximately 1,300 people worldwide, including around 300 employees at its Tel Aviv development center. Full list of Israeli high-tech layoffs in 2026 According to estimates, about 70 employees in Israel are expected to be affected by the layoffs. Despite the cuts, there are currently no plans to close the Israeli development center. Instead, the company intends to continue investing in the site and expanding its operations there in the future. As part of that commitment, Redis recently signed a lease for new Israeli offices for the next decade.