It must be hard to see another company make profits from a product you have the IP of. However, availability of Redis in major cloud providers is also a reason

It must be hard to see another company make profits from a product you have the IP of. However, availability of Redis in major cloud providers is also a reason for Redis' success. And is it really a good idea to put your entire business strategy relying on hosting an OSS solution, when container technologies are more relevant than ever, and when you have major players who can leverage economies of scale against you? Hosting is a DevOps service, not a Software service. It's appealing because of the SaaS economies, but I think OSS companies should try to be a bit more innovative if they want to monetise open source solutions and their assets...