Dragonfly

Tel Aviv, Israel
Founded 2022

Dragonfly is an in-memory data store built for modern application workloads, offering full API compatibility with Redis, Valkey, and Memcached. Its multi-threaded architecture delivers up to 25x more throughput than Redis and can run on up to 80% fewer resources, making it well-suited for high-scale caching, feature stores, and job queues. Dragonfly is available as an open-source project under the Business Source License and as a fully managed cloud service called Dragonfly Cloud.

Last Updated: March 29, 2026

Current Valuation

$90M

as of March 31, 2023 (Source)

Funding Summary

$21M

Total reported funding

Recent Headlines

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Key People

Oded Poncz
Co-Founder & CEOFounder
LinkedIn Profile

Core OSS Projects

A modern replacement for Redis and Memcached

License: BSL-1.1

Business Information

Technologies

Redis
Cloud
Database
In-Memory Database
Caching

Sectors

Enterprise

Licenses

BUSL-1.1

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