Valkey is an open-source fork of
Redis, licensed under the permissive
BSD 3-Clause licence and backed by the Linux Foundation.
Redis was historically open source under the BSD licence. In 2024, Redis Inc. (the company behind Redis) moved Redis to more restrictive source-available licences (RSALv2 and SSPLv1). Because of that, the Linux Foundation, the Redis community, and some core maintainers created Valkey, a fork of the last open-source version of Redis.
Redis later returned to open source with Redis 8 in 2025 under the AGPLv3 licence. Valkey keeps the permissive BSD licence, has its own development team, regular updates, and new features.