# Momento

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/momento

- Industry: Software
- Headquarters: Seattle, US
- Website: www.gomomento.com
- Total disclosed funding: $30M
- Latest round: Series A (Jul 18, 2024)
- Investors on record: 2

## About

Based in Washington, US, and founded in 2021 by its CEO Khawaja Shams, and co-founder Daniela Miao, Momento Inc. operates as a provider of serverless caching service that enables developers to add caching to their cloud stack with just five lines of code. In November 2022, Momento Inc. raised USD 15 million in seed funding led by Bain Capital Ventures, with participation from The General Partnership. 

Momento Inc. offers a platform that optimizes cache, database, and object storage cloud resources and enables developers to focus on more valuable work, such as delivering new, innovative projects. It automatically optimizes, scales, and manages caches, also securing caches with end-to-end encryption and audit log support. Momento platform is a powerful accelerator for other NoSQL databases including Mongo, Cassandra, and Google Cloud Bigtable.

Momento Inc. generates revenue through a pay-on-demand pricing model. 

The company intends to use the funding to grow its engineering staff, establish a full-cycle GTM team, broaden its platform, and support more clouds.

## Funding rounds

- Series A, Jul 18, 2024, $15M — Bain Capital, The General Partnership
- Seed, Nov 2, 2022, $15M — Bain Capital, The General Partnership

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- The General Partnership (https://capitalatlas.ai/funds/the-general-partnership) — Seed, Series A