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Redis is no longer OSS
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The wording says "third-parties as a service", so as long as Redis isn't accessible by people outside your organization, it's fine. But paid Redis hosting wouldn't be allowed on the new license.
Where does it say this? I can't see that in the SSPL
It's in the RSALv2:
Ah right. You could do a paid Redis service if you use the SSPL license though, right?
That does seem to be the case. As long as any modifications to the source are publicly available. Which is pretty reasonable.