Momento builds managed real-time data infrastructure designed to make real-time data easy at enterprise scale. Its platform is managed and built for scale, offering a streamlined development and operational experience. Momento Topics is a pub/sub messaging service optimized for real-time many-to-many communication at global scale, providing a reliable low-latency event bus that can handle massive bursts in traffic. The platform includes features such as authentication, access control, encryption, and an intelligent control plane that efficiently manages resources to eliminate downtime. Customers named in the articles include CBS, Wyze, ProSieben, NTT DOCOMO, Paramount, and Taco Bell. Momento raised $15M in Series A funding to accelerate enterprise sales and expand the platform’s feature set with a focus on supporting new AI workloads. Momento builds a serverless cache platform optimized for cloud environments, letting developers add a cache with around five lines of code. The product is engineered to be elastic and highly available, automatically optimizing, scaling and managing caches while supporting end-to-end encryption and audit logs. Momento says its API can handle millions of transactions per second and integrates with public clouds such as AWS and Google Cloud. The company positions the service to reduce wasteful over-provisioning and lower cloud bills for customers. Momento reports multiple six-figure deals with customers including CBS, NTT Docomo and Wyze Labs and has about 25 employees. Founders Khawaja Shams (formerly a NASA rover roboticist and AWS engineer) and Daniela Miao (ex-AWS, worked on DynamoDB) plan to use funding to expand engineering, build a full-cycle go-to-market team, grow the platform and add support for additional public clouds.

Total raised

$30M

Funding rounds

2

Latest round

Series A

Latest activity

Jul 2024