Momento emerged from stealth with its Serverless Cache, and received $15 million in seed funding led by Bain Capital Ventures, The round included participation from The General Partnership and angels Marianna Tessel (CTO at Intuit), Neha Narkhede (co-founder and former CTO at Confluent), Tom Killalea (first CISO at Amazon), Don MacAskill (CEO of Flickr/Smugmug) and John Lilly (former CEO of Mozilla).

Momento's vision is to enable developers to write reliable and powerful apps faster than ever thought possible. Momento removes the need to manage caches by providing a serverless caching solution that works at any scale so developers can concentrate on doing what they love: developing better products and services, faster.