Amazon Redshift is a petabyte-scale data warehousing service using existing business intelligence tools to analyze the data. Redshift is a column-oriented MPP database based on ParAccel and ParAccel was itself based on PostgreSQL.
Amazon Redshift is a fast, fully managed, petabyte-scale data warehouse service that makes it simple and cost-effective to efficiently analyze all your data using your existing business intelligence tools. It is optimized for datasets ranging from a few hundred gigabytes to a petabyte or more. Redshift is a column-oriented database based on PostgreSQL 8.0.2
Source: Amazon Redshift
Although Redshift to some extent is based on PostgreSQL they are substantially different. Do not add the postgresql
tag to questions involving Amazon Redshift