Founded by Former AWS DynamoDB Engineering Leadership, Momento Reinvents Caching for Cloud Databases With $15 Million in Seed Funding Led by Bain Capital Ventures
Summary
It will save us hundreds of thousands of dollars each year, while meaningfully improving our operational stance, said Tianqiang Liu, CTO of Wyze Labs, a smart home technology company with more than 6 million users that control more than 15 million devices.Momentos CEO Khawaja Shams led Amazon DynamoDB, and together with his co-founder, Daniela Miao, they scaled it to become one of the worlds largest fully managed database services. DynamoDB powers Amazon.com and Amazon Video, serving more than 100 million transactions per second, including some of the most visible livestreams like the Super Bowl and the worlds first Live 4K Stream from Space.Shams and Miao teamed up to apply their expertise to a challenging space: serverless caching. Momentos Serverless Cache lets developers add a cache to their modern cloud stacks with 5 lines of code, similar to how DynamoDB enables customers to access an extremely large database with a single API call.Our favorite memories from working together on the DynamoDB team are from watching developers quickly build massive systems with a single API call instead of worrying about the distracting infrastructure details. Momento aims to fill the missing pieces in the serverless era - and empowers customers by replacing a complex caching stack with a simple abstraction, said Khawaja Shams, co-founder and CEO of Momento.The leading cloud caching technologies are more than a decade old and integrating them into a modern cloud stack is akin to fitting a square peg through a round hole. Momento Serverless Cache automatically manages hot-keys, maintains high cache hit rates, keeps tail latencies low and provides instantly scalable capacity.Momento Raises $15 Million in Seed FundingMomento has received $15 million in seed funding led by Bain Capital Ventures and with 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).