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Metronome has successfully raised $50 million in Series C funding, aimed at enhancing the adoption of usage-based pricing in the software and AI sectors. The funding round was confirmed by various sources, including Fortune Magazine and NEA, highlighting the growing market opportunity as AI and infrastructure software providers increasingly focus on aligning value with their offerings. The company, which powers billing for major clients such as OpenAI, Databricks, and NVIDIA, has also reached a milestone of servicing over 150 million end users. This funding will support Metronome's role in the ongoing shift towards usage-based pricing models in the software as a service (SaaS) industry.
Congrats to @getmetronome on their $50M Series C fundraise and for reaching the milestone of powering billing for over 150 million end users! Usage-based pricing is becoming the dominant SaaS pricing model, and Metronome is at the center of this transformation. Proud to continue… https://t.co/ArjrkJFnWb
Congrats to Metronome, a company we backed pre-product after a whiteboard session in South Park My favorite businesses are ones that free up engineering time to work on more exciting problems Metronome powers billing for OpenAI, Databricks, and NVIDIA https://t.co/p2KTh6S8rv
“The market opportunity for Metronome is abundant as providers of AI and infrastructure software are prioritizing the alignment of value for their solutions. Every technology revolution is accompanied by a business model change and Metronome provides the ‘picks and shovels’ to…
