[8] Because it holds all data in memory and because of its design, Valkey offers low-latency reads and writes, making it particularly suitable for use cases that require a cache.

[12] Valkey or its predecessor Redis are used in companies like Twitter,[13][14] Airbnb,[15] Tinder,[16] Yahoo,[17] Adobe,[18] Hulu,[19] Amazon[20] and OpenAI.

The predecessor Redis was developed and maintained by Salvatore Sanfilippo, starting in 2009.

[22] From 2015 until 2020, he led a project core team sponsored by Redis Labs.

[25] This prompted a large portion of the user and developer community, led by the Linux Foundation,[26] to fork the code under the new name Valkey, retaining the BSD license,[3] Valkey's candidates for release 8.0, five months after the fork, improved its threading and significantly improved its performance.