diff --git a/redis/README.md b/redis/README.md
index 9fd30b33b..e0a74739c 100644
--- a/redis/README.md
+++ b/redis/README.md
@@ -17,7 +17,7 @@ For detailed information about the virtual/transfer sizes and individual layers
 
 # What is Redis?
 
-Redis is an open-source, networked, in-memory, key-value data store with optional durability. It is written in ANSI C. The development of Redis has been sponsored by Pivotal since May 2013; before that, it was sponsored by VMware. According to the monthly ranking by DB-Engines.com, Redis is the most popular key-value store. The name Redis means REmote DIctionary Server.
+Redis is an open-source, networked, in-memory, key-value data store with optional durability. It is written in ANSI C. The development of Redis is sponsored by Redis Labs today; before that, it was sponsored by Pivotal and VMware. According to the monthly ranking by DB-Engines.com, Redis is the most popular key-value store. The name Redis means REmote DIctionary Server.
 
 > [wikipedia.org/wiki/Redis](https://en.wikipedia.org/wiki/Redis)