Metronome, a top usage-based billing platform, has raised $50 million in Series C funding after an 8x growth in billing volume in 2024. The company now serves over 150 million users, handling billions in revenue. Leading firms like OpenAI, Databricks, and NVIDIA trust Metronome to scale their billing smoothly.
Founded in 2019, Metronome helps businesses grow by making billing flexible and efficient. The funding, led by NEA and other investors, brings total investment to $128 million. With AI-driven pricing models on the rise, Metronome is leading the way in modern billing solutions for fast-growing software companies.
What is Metronome?
Metronome is a usage-based billing platform that helps businesses manage pricing and revenue efficiently. Instead of relying on fixed subscription fees, it allows companies to bill customers based on actual usage, making it ideal for AI, SaaS, and cloud-based enterprises.
By automating complex billing processes, Metronome eliminates the need for internal billing systems, saving time and resources. It supports both hybrid pricing models (combining seat-based and usage-based pricing) and fully usage-based pricing, giving companies the flexibility to align their pricing with the value they deliver.
Trusted by major tech firms like OpenAI, Databricks, and NVIDIA, Metronome processes billions in revenue and serves over 150 million users. Since its founding in 2019, the company has been at the forefront of modernizing billing, ensuring businesses can scale seamlessly without limitations.
Why is This Funding Significant?
This $50 million Series C funding is significant because it highlights Metronome’s rapid growth and its increasing importance in the software industry. The company saw an 8x increase in billing volume in 2024, proving that more businesses are shifting toward usage-based pricing. With AI-driven pricing models becoming the norm, Metronome is positioned as a key player in helping companies align pricing with the value they deliver.
The funding, led by NEA and other major investors, brings Metronome’s total investment to $128 million, allowing the company to expand its product offerings, invest in R&D, and enhance billing automation. The addition of James Brown as Chief Product Officer further strengthens Metronome’s leadership, ensuring it can continue to innovate and serve more customers.
As Forbes recognized Metronome as one of its “Next Billion-Dollar Startups,” this funding marks a major step toward solidifying its role as the go-to billing solution for fast-growing AI and software companies.
How Will the Funds Be Used?
Metronome will use the $50 million Series C funding to expand its product capabilities, invest in research and development (R&D), and support more customers. A key focus will be on enhancing its billing automation features to help businesses optimize pricing, improve cost controls, and align pricing with value more effectively.
The company also plans to scale its operations, making it easier for businesses to adopt usage-based pricing without the burden of building complex billing systems in-house. Additionally, the hiring of James Brown as Chief Product Officer will drive innovation and help Metronome cater to a wider range of customers, from startups to large enterprises.
With the rise of AI-driven pricing models, Metronome aims to lead the way in modernizing billing, ensuring companies can scale efficiently and maximize revenue.
Founders’ Perspective
Metronome’s founders, Scott Woody (CEO) and Kevin Liu (CTO), see this funding as a major milestone in their mission to turn billing into a growth engine rather than a hurdle. They believe that as AI reshapes industries, companies need flexible and dynamic pricing models to keep up.
Both founders believe that AI-driven pricing models are the future, and Metronome is at the forefront of helping companies monetize smarter, faster, and more efficiently.
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Key Takeaways
- Massive Growth & Market Demand – Metronome saw an 8x increase in billing volume in 2024, proving that usage-based pricing (UBP) is becoming the go-to model for AI and software companies.
- $50M Funding to Drive Innovation – With this latest round, Metronome has raised a total of $128M, backed by investors like NEA, a16z, and General Catalyst to expand its product capabilities and R&D.
- Billing as a Growth Engine – Metronome is redefining billing from a backend process to a strategic growth tool, helping companies scale without pricing inefficiencies.
- AI is Driving Pricing Transformation – Companies are shifting from static pricing to hybrid or fully usage-based models, aligning costs with actual value. Metronome enables this transition seamlessly.
- Leadership Expansion for Future Growth – The hiring of James Brown as Chief Product Officer (CPO) strengthens Metronome’s ability to enhance product features and serve a broader market.
Conclusion:
Metronome’s $50 million Series C funding marks a major milestone in its mission to revolutionize usage-based billing. With an 8x growth in billing volume, the company is proving that businesses are rapidly shifting to dynamic pricing models that align with customer value.
Backed by top investors, Metronome will expand R&D, enhance automation, and scale its product offerings to meet growing market demand. The addition of James Brown as CPO strengthens its leadership for the next phase of innovation. As AI-driven pricing reshapes industries, Metronome is poised to lead the way, helping companies monetize faster, smarter, and more efficiently.
Don’t Let Billing Hold You Back – Unlock Growth with Metronome!
