Redis Returns to Open Source: A Strategic Shift for Competition and Innovation
Redis is reverting to its open-source roots with Redis 8 under the AGPLv3 license. This move mirrors Elastic’s strategy, driven by the emergence of forks like Valkey (by AWS and Google). Redis aims to compete on product while cloud providers focus on forks. This shift hasn’t negatively impacted Redis’ business, which has seen record growth. The company believes this strategy helps prevent cloud providers from profiting without contributing. Developers now have a choice between Redis and Valkey, each with distinct focuses. This competition is seen as beneficial for both the projects and the users.