About Dragonfly
Dragonfly is a company based in Tel Aviv (Israel) founded in 2022 by Oded Poncz. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Dragonfly offers products and services including Dragonfly Cloud, High-Performance Caching, and Real-Time Feature Store. Dragonfly operates in a competitive market with competitors including Redis, Voltron Data, GridGain, GigaSpaces and Hazelcast, among others.
- Headquarter Tel Aviv, Israel
- Founders Oded Poncz
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Dragonflydb Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Redpoint Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Dragonfly
Dragonfly offers a comprehensive portfolio of products and services, including Dragonfly Cloud, High-Performance Caching, and Real-Time Feature Store. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fully managed in-memory data store for heavy workloads.
Low-latency caching solution for efficient data processing.
Real-time feature serving for data-driven applications provided.
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Funding Insights of Dragonfly
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Seed - Dragonfly | Valuation | Redpoint Ventures |
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| Mar, 2023 | Amount | Series A - Dragonfly | Valuation | Quiet Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Dragonfly
Dragonfly has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Redpoint Ventures and Quiet Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Redpoint Ventures is engaged in venture capital investments.
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Investments are managed by Quiet Capital in New York.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Dragonfly
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Dragonfly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dragonfly Comparisons
Competitors of Dragonfly
Dragonfly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redis, Voltron Data, GridGain, GigaSpaces and Hazelcast, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
In-memory database platform is operated as a cloud-based service.
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Analytical tools are accelerated via the Apache Arrow ecosystem.
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| domain | founded_year | HQ Location |
In-memory platform is used to accelerate Hadoop data processing.
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| domain | founded_year | HQ Location |
Real-time data processing is enabled through in-memory data grids.
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| domain | founded_year | HQ Location |
An open-source in-memory data grid is developed and supported.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dragonfly
Frequently Asked Questions about Dragonfly
When was Dragonfly founded?
Dragonfly was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Dragonfly located?
Dragonfly is headquartered in Tel Aviv, Israel.
Who is the current CEO of Dragonfly?
Oded Poncz is the current CEO of Dragonfly. They have also founded this company.
What does Dragonfly do?
Dragonfly is established as a lightning-fast, in-memory data store designed for massive workloads on modern cloud hardware. Compatibility with Redis, Valkey, and Memcached APIs is provided, enabling seamless migrations with up to 25x better performance. Solutions are offered for industries like media, financial services, and adtech, addressing use cases such as high-performance caching, real-time feature stores, and concurrency-safe message queues. Dragonfly Cloud, a fully managed service, is engineered for heavy data workloads with strict security and 24x7 support.
Who are the top competitors of Dragonfly?
Dragonfly's top competitors include Redis, GridGain and Voltron Data.
What products or services does Dragonfly offer?
Dragonfly offers Dragonfly Cloud, High-Performance Caching, and Real-Time Feature Store.
Who are Dragonfly's investors?
Dragonfly has 2 investors. Key investors include Redpoint Ventures, and Quiet Capital.
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