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Dragonflydb
Dragonfly - Scalable in-memory datastore made simple
About Dragonflydb
DragonflyDB.io is a technology startup that offers a simple, efficient, and cost-effective in-memory data store. It operates in the cloud computing market, serving developers and businesses that require high-performance data storage solutions. The company's primary product, Dragonfly, is fully compatible with Redis APIs, a popular in-memory data structure store, but eliminates the management complexities associated with Redis.
Dragonfly's business model is based on providing a superior alternative to traditional in-memory data stores like Redis. It leverages modern cloud computing capabilities to deliver 25 times more throughput and 12 times lower snapshotting latency. This means that Dragonfly can process more data and create backups faster than its competitors, providing a real-time experience that meets customer expectations.
Dragonfly also stands out for its reliability and scalability. It efficiently uses memory, reducing the risk of outages due to memory overload. It supports a primary-replica model, ensuring high availability of data. In case of an outage, Dragonfly automatically switches to the replica, promoting it as the primary. This system can handle workloads up to 1TB on a single instance, eliminating the fragility of distributed clusters and improving system reliability.
The company monetizes its services by offering a free trial version and presumably charging for more advanced features or larger storage capacities. However, specific details about its pricing strategy are not publicly available.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Mar 2023 | $15M | $60M | Quiet Capital | ↗ |
| SUPPORT PROGRAM✓Other financing | Nov 2022 | — | — | Intel Ignite | ↗ |
Growth signals
Latest recorded traffic for Dragonflydb is 69K monthly website visits, down 11.5% over the last three months. Dragonflydb's team grew 18.2% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Series A1 investor entered at this stage
Other known investors3 additional known investors
Intel Ignite
Ameet Patel
Essence Venture Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Dragonflydb on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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