DragonflyDB
DragonflyDB develops Dragonfly, an in-memory data store and drop-in replacement for Redis, Valkey, and Memcached, offering 25x higher throughput and 80% lower infrastructure cost. The company sells a free open-source Community Edition and a managed Dragonfly Cloud service, serving enterprises in AI, e-commerce, financial services, and adtech.
- Company typePrivate
- Founded2021
- HeadquartersTel Aviv, Israel
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What DragonflyDB does
DragonflyDB develops Dragonfly, an in-memory data store designed as a drop-in replacement for Redis, Valkey, and Memcached. The product is built on a multi-threaded, shared-nothing architecture that partitions the keyspace across independent threads, enabling vertical scaling and efficient use of multi-core servers without the operational complexity of Redis Cluster sharding. The company reports benchmarks of 3.97M QPS (25x Redis), 3.85ms P99 latency (2x lower than Redis), 12x faster snapshotting at 1,260 MB/s, and 30-60% better memory utilization, supporting workloads up to 1TB per instance. The core technology includes novel data structures, native search, bloom filters, and built-in OpenTelemetry support, while remaining 100% API-compatible with existing Redis, Valkey, and Memcached clients and toolsets.
The company distributes through a hybrid model. The Dragonfly Community Edition is a free, source-available self-hosted binary available via GitHub (30,800+ stars), Docker, and Kubernetes. Dragonfly Cloud is the fully managed service deployed on AWS, GCP, and Azure, offered in two tiers: Flex (pay-as-you-go at $8-9/GB/month, with $100 signup credit) and Business (custom pricing with bring-your-own-cloud, SSO/MFA, custom SLA, multi-region backups, and SOC 2 Type 2 compliance). The go-to-market motion is product-led growth at the developer/SMB layer, supplemented by enterprise field sales for regulated and large-scale workloads, with a dedicated enterprise tier, Terraform/OpenTofu providers, and a Kubernetes operator enabling infrastructure-as-code adoption.
DragonflyDB serves organizations migrating from legacy in-memory data stores that require higher throughput, lower latency, or lower infrastructure cost. Named customers include Booking.com (travel), xAI (AI infrastructure), Instacart (e-commerce), Palo Alto Networks (cybersecurity), and Meesho (social commerce), with primary verticals in media and entertainment, financial services, adtech, and AI/ML feature stores. The company was founded in 2021 in Tel Aviv, Israel, raised $21M in disclosed funding led by Quiet Capital and Redpoint in March 2023, and operates as a private venture-backed company with 11-50 employees.
DragonflyDB firmographics
Firmographics- Name
- DragonflyDB
- Legal name
- DragonflyDB Inc.
- Website
- https://dragonflydb.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DragonflyDB develops Dragonfly, an in-memory data store and drop-in replacement for Redis, Valkey, and Memcached, offering 25x higher throughput and 80% lower infrastructure cost. The company sells a free open-source Community Edition and a managed Dragonfly Cloud service, serving enterprises in AI, e-commerce, financial services, and adtech.
- Ownership category
- akta.pro rank
DragonflyDB industry classification
Industry- Product category
- In-Memory Data Store Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Database-as-a-Service (DBaaS) Platforms (HDAEAAAN)
Keywords
Where DragonflyDB is headquartered
LocationHeadquarters
- HQ city
- Tel Aviv
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
DragonflyDB business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Dragonfly Cloud (Managed Service): Fully managed Dragonfly service hosted on AWS, GCP, and Azure with automatic scaling, management console, and 24/7 support. Revenue generated through memory-based pricing tiers (Flex pay-as-you-go and Business custom).
- Dragonfly Cloud Flex: Pay-as-you-go model optimized for flexibility with full management console, auto-scaling, and Dragonfly team support. Based on memory consumption at $8-9/GB/month.
- Dragonfly Cloud Business: Enterprise tier with custom pricing, bring-your-own-cloud (BYOC), SSO/MFA, custom SLA, enhanced disaster recovery, and dedicated support. Targets organizations requiring advanced security and compliance.
- Dragonfly Community Edition: Free, source-available in-memory datastore for self-hosted deployment. Open-source model drives adoption and potential conversion to paid cloud services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Others | Free open-source edition with basic features |
| Usage-based | Pay-as-you-go | Pay-as-you-go managed service with full features |
| Subscription | Multi-year contract | Custom enterprise pricing with advanced features |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
DragonflyDB product offering
Product offeringCore offering
DragonflyDB develops and sells Dragonfly, an in-memory data store built on a multi-threaded shared-nothing architecture that is fully API-compatible with Redis, Valkey, and Memcached. It offers the free, open-source Dragonfly Community Edition for self-hosted deployments and the managed Dragonfly Cloud service (Flex pay-as-you-go and Business enterprise tiers) on AWS, GCP, and Azure, targeting organizations that need higher throughput, lower latency, and lower infrastructure cost than Redis-based solutions.
Product overview
DragonflyDB offers Dragonfly as its core open-source in-memory datastore product, providing a drop-in replacement for Redis, Valkey, and Memcached built on a multi-threaded, shared-nothing architecture that delivers up to 25x the throughput of Redis. The product portfolio spans two deployment models: (1) the free, self-managed Dragonfly Community Edition (open-source binary) and (2) Dragonfly Cloud, a fully managed service with Flex (pay-as-you-go) and Business (enterprise/custom) tiers. Additional offerings include a Kubernetes Operator for container orchestration environments and a Terraform Provider for infrastructure-as-code automation of Dragonfly Cloud resources.
Differentiator
Problem solved
Functional benefit
Brands
- Dragonfly Cloud: Fully managed Dragonfly service hosted on AWS, GCP, and Azure with automatic scaling, backups, and 24/7 support.
Products and services
- Dragonfly Community Edition A free, source-available in-memory datastore that is 100% API-compatible with Redis, Valkey, and Memcached, built on a multi-threaded shared-nothing architecture. Designed for self-hosted deployment by developers and organizations that want higher throughput and lower cost than Redis without managed-service fees. Delivered as a single binary deployable via Docker, Kubernetes, or direct binary download.
- Dragonfly Cloud A fully managed Dragonfly service hosted on AWS, GCP, and Azure with sub-millisecond latency, automatic scaling, automated shard management, 24x7 support, multi-region backups, and SOC 2 Type 2 security. Offered as a Flex pay-as-you-go tier ($8/GB/month) and a Business custom-pricing enterprise tier with BYOC, SSO/MFA, custom SLA, and dedicated support.
- Dragonfly Kubernetes Operator A Kubernetes operator for deploying and managing Dragonfly instances in Kubernetes clusters. Provides automatic failover, horizontal and vertical scaling with custom rollout strategy, authentication and server TLS, snapshots to PVCs and S3-compatible storage, and Prometheus and Grafana monitoring integration.
- Dragonfly Cloud Terraform Provider A Terraform/OpenTofu provider (in beta) for managing Dragonfly Cloud resources via infrastructure-as-code. Enables automated provisioning of datastores, network configuration, and connection management. Authenticated via the DFCLOUD_API_KEY environment variable.
Quantifiable outcome
- 25x higher throughput (3.97M QPS vs 148K QPS for Redis)
- +5 more outcomes
Companies that use DragonflyDB
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
DragonflyDB technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature12 records
DragonflyDB partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Deloitte LaunchpadminorDragonflyDB was selected as one of nine Israeli startups in Deloitte Launchpad's 10th cohort, a program providing strategic guidance and network support for founders aiming to grow in the United States market.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
DragonflyDB competitors and assessment
Company assessmentBroad incumbents
- Azure Cache for Redis: Microsoft Azure's managed Redis offering, part of the hyperscaler competitive set. Dragonfly markets directly against it with claims of higher throughput and lower cost.
- Amazon ElastiCache: AWS's managed caching service supports Redis, Valkey, and Memcached; it is one of the primary competitors Dragonfly's pricing pages target with cost-comparison claims. Strong distribution advantage from AWS's enterprise sales motion.
- Google Cloud Memorystore: Google Cloud's managed Redis and Memcached service; competes with Dragonfly Cloud for in-memory workloads on GCP. Named in Dragonfly's comparison landing pages as a target alternative.
Emerging players
- Upstash: Upstash offers serverless Redis-compatible data infrastructure (Redis API, durable storage, edge). It overlaps with Dragonfly's developer-focused, Redis-compatible positioning but with a serverless edge-compute angle.
- Aerospike: Aerospike is a real-time NoSQL database with strong in-memory performance for high-throughput, low-latency workloads at adtech and financial services scale. Targets the same enterprise use cases as Dragonfly's financial services and adtech segments.
- SingleStore: SingleStore (formerly MemSQL) is a distributed SQL database with in-memory rowstore and on-disk columnstore. It competes for real-time analytics and feature-store use cases that Dragonfly targets, particularly with its managed cloud offering.
Direct peers
- Redis: Redis is the incumbent in-memory datastore that Dragonfly directly competes with and positions itself as a drop-in replacement for. Both target developers and enterprise customers with in-memory caching, feature store, and real-time workloads.
- Valkey: Valkey is the Linux Foundation-backed open-source fork of Redis with major cloud (AWS, Google, Oracle) support. Dragonfly targets the same API and use cases, competing for cost-conscious enterprises that want an open alternative.
- KeyDB: KeyDB is a multi-threaded Redis fork (originally acquired by Snap) offering drop-in compatibility. It is one of the closest technical analogs to Dragonfly's multi-threaded shared-nothing approach and competes for the same performance-focused workloads.
- Memcached: Memcached is the legacy open-source in-memory caching system that Dragonfly is API-compatible with. Both serve high-performance caching workloads, with Dragonfly offering multi-threaded throughput advantages.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
DragonflyDB social profiles
Digital presenceDragonflyDB compliance and trust
Trust signalCompliance1 record
DragonflyDB financial estimates
Financial estimateRevenue estimate
Valuation estimate
DragonflyDB leadership team
Management profileNumber of profiles
Profiles4 records
DragonflyDB funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DragonflyDB M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DragonflyDB
What does DragonflyDB do?
DragonflyDB develops and sells Dragonfly, an in-memory data store built on a multi-threaded shared-nothing architecture that is fully API-compatible with Redis, Valkey, and Memcached. It offers the free, open-source Dragonfly Community Edition for self-hosted deployments and the managed Dragonfly Cloud service (Flex pay-as-you-go and Business enterprise tiers) on AWS, GCP, and Azure, targeting organizations that need higher throughput, lower latency, and lower infrastructure cost than Redis-based solutions.
Is DragonflyDB a public or private company?
DragonflyDB is a private company. It is classified as venture growth investor backed and is currently operating.
When was DragonflyDB founded?
DragonflyDB was founded in 2021. It employs 11 to 50 people.
Where is DragonflyDB based?
DragonflyDB is headquartered in Tel Aviv, Israel, in the Middle East region.
How does DragonflyDB make money?
Four revenue lines are on record. Dragonfly Cloud (Managed Service) is the primary driver. The others are dragonfly Cloud Flex, dragonfly Cloud Business and dragonfly Community Edition.
Who are DragonflyDB's main competitors?
Broad incumbents on record are Azure Cache for Redis, Amazon ElastiCache and Google Cloud Memorystore. Emerging players are Upstash, Aerospike and SingleStore. Direct peers are Redis, Valkey, KeyDB and Memcached.
Does DragonflyDB have an API?
Yes. Dragonfly Cloud offers a Terraform Provider (currently in beta) for infrastructure-as-code management of Dragonfly Cloud resources. The provider is available on both the Terraform Registry and OpenTofu Registry, and enables automation of provisioning and managing Dragonfly Cloud datastores, networks, and connections. Authentication is via API token provided via environment variable (DFCLOUD_API_KEY) or provider configuration. Additionally, Dragonfly exposes an HTTP API for certain operations, accessible on the same port as the main TCP port by default, with optional authentication via requirepass. Developer documentation is at registry.terraform.io/providers/dragonflydb/dfcloud/latest.
What industry is DragonflyDB in?
DragonflyDB's product category is In-Memory Data Store Software. Its primary akta.pro industry code is HDAEAAAN, Database-as-a-Service (DBaaS) Platforms. Its NAICS code is 5182 and its SIC code is 7373.