KeyDB Analysis: $1M Raised
What is KeyDB?
KeyDB is a fully open source, multithreaded database started in 2019 as a Redis fork. It runs as part of Snap Inc.'s backend caching layer and stays compatible with upstream Redis while adding features for throughput and replication. The project is positioned as a drop-in Redis alternative with packaging for Docker, Linux distributions, Kubernetes, and source builds.
Location
Toronto, Canada
Employees
1-10
Founded
2019
Product Features & Capabilities
- high throughput (over 1 million ops/sec), low latency (submillisecond), supports various data structures (strings, hashes, lists, sets, sorted sets, bitmaps, hyperloglogs, geospatial indexes, streams), multiple persistence options (RDB and AOF), scalable to any workload (active-replication, cluster-mode), high availability (active-replica nodes), MVCC non-blocking architecture, cross-region multi-master support, better expiration handling, TLS encryption, ModJS for custom commands, FLASH storage support, JSON support, multi-tenant support, RAFT.
Pricing
- Free Trial: $20 in credits with a 3-day validity.
- Pricing is based on a credit system charged hourly for the resources used.
- Users can buy credits in advance and set up auto-recharge.
- Support plans include a free first level of support, with options to upgrade.
How much KeyDB raised
Seed - $1.3 million
March 31, 2021Lead Investor: EQ Alpha Technology Ltd
Market Focus
KeyDB primarily focuses on the database market, specifically as an open-source database solution that serves as a faster alternative to Redis.
Investors
- Snap
- Pegasus Tech Ventures
- TSVC
- Y Combinator
- Canadian Technology Accelerator
Competitors Overview
KeyDB's main competitors in the database market include:
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Redis: As the primary alternative, Redis is a widely used in-memory data structure store. KeyDB offers advantages such as multithreading, which allows it to handle more operations per second compared to Redis's single-threaded architecture. KeyDB also supports active-active replication, while Redis primarily uses master-replica replication.
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Amazon DynamoDB: A fully managed NoSQL database service that provides fast and predictable performance with seamless scalability. DynamoDB is a cloud-based solution, which can be an advantage for users looking for managed services, but it may lack the open-source flexibility that KeyDB offers.
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ScyllaDB: A drop-in replacement for Apache Cassandra, ScyllaDB is designed for high throughput and low latency. It is also multithreaded, similar to KeyDB, and can outperform traditional databases in certain workloads.
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Couchbase: This is a NoSQL database that combines the capabilities of a document store and key-value store. Couchbase offers features like built-in caching and full-text search, which can be advantageous depending on the use case.
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Amazon ElastiCache: A fully managed caching service that supports Redis and Memcached. While it provides ease of use and scalability, it is a proprietary solution, unlike KeyDB, which is open source.
These competitors vary in terms of features, performance, and deployment models, with KeyDB standing out for its open-source nature and performance optimizations over Redis.
Business Model
Open-source model with community support; no paid services or direct revenue streams.
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