Redis reaches $300 million in annual recurring revenue

Redis said it passed $300 million in annual recurring revenue, a milestone the company linked to growing demand for infrastructure for Artificial Intelligence (AI) and agentic systems.

The company reported several usage and customer metrics tied to that result: it had more than 50 customers spending over $1 million annually, an increase of more than 20 percent year-over-year; it listed 12,000 paying customers, including a third of the Fortune 100; and it was named the top choice (42%) for agent memory storage in the 2025 Stack Overflow developer survey.

Redis noted product adoption trends alongside those customer figures: the Redis Vector Library (RedisVL) recorded nearly 1 million downloads in December, with downloads increasing 3X from September to December and 10X from December 2024. The company described its AI offerings as a real-time context engine that searches, gathers, and serves AI data while providing memory, caching, and coordination for agents.

The organization identified specific capabilities supporting those functions, including vector search and storage, Agent Memory Server, and a managed semantic caching service called LangCache; it also said these features reduced calls to large language models by caching common responses and enabled Retrieval Augmented Generation (RAG) to lower computational load on models.

“We’re entering a new phase in the evolution of AI infrastructure where context is becoming the locus of innovation,” said Rowan Trollope. “We have an incredibly diverse customer base,” said Rowan Trollope. “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.”

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