Redis is an in-memory data structure store that can be used as a database, cache, or message broker. It supports various data structures like strings, hashes, lists, sets, sorted sets, streams and geospatial indexes. Redis is single-threaded, runs on a single server, and is very fast. It provides different deployment modes like standalone, sentinel-based replication for high availability, and clustering for horizontal scaling. The StackExchange.Redis client is recommended for .NET developers to connect and interact with Redis.