How Much Did Momento Raise? Funding & Key Investors

Momento has successfully raised funding over two rounds, with the latest being a Series A round. The company is backed by notable investors including The General Partnership, Marianna Tessel, and Bain Capital Ventures.

Keep reading to explore the intricacies of Momento's fundraising journey and the investors supporting this innovative platform.

What Is Momento?

Momento is a private company based in Seattle, Washington, specializing in helping developers build reliable applications through serverless distributed systems. The company operates in various industry categories, including Cloud Data Services, Cloud Infrastructure, Cloud Storage, Internet, Software, Software Engineering, and Web Development.

With an employee count ranging from 11 to 50, Momento has made significant strides in the tech industry. Their flagship product, Valkey, offers reliable, fast, and scalable enterprise caching solutions, making it a trusted choice for mission-critical systems across industries like Media & Entertainment, Gaming, Fintech, and AI.

How Much Funding Has Momento Raised?

1. Seed Round
   • Amount Raised: USD 15,000,000
   • Date: November 2022
   • Lead Investors: Bain Capital Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's mission of helping developers build reliable applications via serverless distributed systems.
2. Series A Round
   • Amount Raised: USD 15,000,000
   • Date: July 2024
   • Lead Investors: Bain Capital Ventures, The General Partnership
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate enterprise sales, expand the platform's feature set, and support new AI workloads.

Total Amount Raised: USD 30,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• Bain Capital Ventures
  • Details: Bain Capital Ventures is a leading venture capital firm that invests in early to growth-stage companies across various sectors. They led the Series A funding round for Momento.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: LinkedIn, DocuSign, SurveyMonkey.
• The General Partnership
  • Details: The General Partnership is a venture capital firm known for its strategic investments in technology and innovation-driven companies. They participated in the Series A funding round for Momento.
  • Investment Focus Areas: Technology, innovation, scalability.
  • Notable Investments: Specific notable investments are not detailed in the sources.
• Marianna Tessel
  • Details: Marianna Tessel is the EVP and General Manager at Intuit. She is one of the angel investors in Momento.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Neha Narkhede
  • Details: Neha Narkhede is the co-founder of Confluent. She is one of the angel investors in Momento.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Tom Killalea
  • Details: Tom Killalea was the first CISO of Amazon. He is one of the angel investors in Momento.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.

What's Next for Momento?

Momento stands at the cusp of significant opportunities, driven by the increasing demand for real-time, low-latency messaging and data infrastructure. With the recent $15 million Series A funding, the company is poised to expand its enterprise support and develop new AI workloads, leveraging its robust cloud primitives like cache, storage, and pub/sub. This financial backing underscores the potential for future fundraising rounds, as investor confidence remains high.

However, the path forward is not without challenges. Scaling their platform to meet the demands of a growing global customer base, ensuring robust security, and keeping pace with rapid technological advancements in AI and cloud infrastructure are critical hurdles. Yet, with a proven track record and a strategic focus on simplifying real-time architecture, Momento is well-positioned to navigate these complexities and capitalize on emerging industry trends.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Momento and gather other critical business insights.

Sign up for free to start exploring the wealth of information available at your fingertips.