Metronome Raises $43M to Fuel 6x Growth in Usage-Based Billing for AI and Enterprise Companies
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Metronome raised $43M in a Series B funding round led by NEA to help software companies offer usage-based billing.
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The company saw 6x ARR growth in 2022 as more companies adopt usage-based models. Customers include AI startups like OpenAI and enterprise companies.
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Metronome appeals to AI companies because their cost structures match usage-based pricing.
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The company doubled its headcount last year to 66 and plans to hire more across R&D and customer-facing roles.
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New board member Hilarie Koplow-McAdams sees billing as a revenue driver that Metronome helps companies operationalize.