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Data Center News > Blog > Investments > Momento Raises $15M in Series A Funding
Investments

Momento Raises $15M in Series A Funding

Last updated: July 18, 2024 12:27 pm
Published July 18, 2024
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Momento, a Seattle, WA-based supplier of a real-time information platform, raised $15M in Collection A funding.

The spherical was led by Bain Capital Ventures, with participation from The Basic Partnership, Marianna Tessel Neha Narkhede, Tom Killalea, Don MacAskill, and John Lilly.

The corporate intends to make use of the funds to speed up enterprise gross sales and to broaden the platform’s function set, with a deal with supporting new AI workloads.

Led by CEO Khawaja Shams, Momento makes real-time information infrastructure simple at enterprise scale. Its platform is managed and constructed for scale, with a streamlined improvement and operational expertise.

Momento Matters is a pub/sub messaging service optimized for real-time many-to-many communication at world scale. With safety and scalability, it permits builders to construct stay purposes that ship on the spot updates to thousands and thousands of customers. Capabilities embrace:

  • Dependable low-latency occasion bus able to dealing with large bursts in visitors
  • Wealthy function set together with authentication, entry management, and encryption
  • Clever management airplane effectively manages assets to get rid of downtime

Clients embrace CBS, Wyze, ProSieben, NTT DOCOMO, Paramount, and Taco Bell.

FinSMEs

18/07/2024

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See also  Ballistic Ventures Closes Fund II, at $360M
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