[Funding News] Momento Raises $15 Million Series A Funding

Momento has raised $15M Series A funding round led by Bain Capital Ventures, with participation from The General Partnership, Marianna Tessel Neha Narkhede, Tom Killalea, Don MacAskill, and John Lilly.

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The Momento platform is and always will be generalized infrastructure for all product builders. However, Momento want to call out the exciting traction building in three areas: gaming, live media, and AI. Each of these categories shares the common feature of unpredictable, heavy loads driven by highly-visible interactive features. This is where Momento shines!

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“When you combine our turn-key capacity management that can perform at any scale with the direct-to-device developer experience, Momento delivers the fastest time to market and the most reliable performance at scale,” Momento co-founder Khawaja Shams told. “We simply want to make infrastructure get out of the way — whether you’ve got one user or billions.”

In the coming year, Momento will power AAA games, major streaming services, and novel AI products. And people are taking notice! Momento was recognized in the InfraRed 100 list, which promoted us on the Nasdaq billboard in Times Square. Similarly, Menlo Ventures named Momento as the only caching solution in their Modern AI Stack.

About Momento

Momento founded by Khawaja Shams and Daniela Miao in 2021, Momento has a holistic view of fast, from getting started to delivering results. Time to market with a quality product matters more than anything else. Momento work hard to build a lovable developer experience that gets you going fast and scales to meet your spikes without distracting you. This leads to faster iteration, happier customers, and a more sustainable engineering culture without the tech debt.