Metronome Raises $50 Million (Series C) For Advancing Usage-Based Pricing in Software and AI
Feb 26, 2025•5 months ago
Contract Type
partnership
Description
Metronome, a leading usage-based billing platform, announced $50 million in Series C funding following an 8-fold increase in dollars billed on the platform in 2024, and now powers billing for over 150 million end users, processing billions in usage-based revenue. The funding highlights a pivotal moment in the software industry as AI redefines how businesses deliver value, monetize products, and drive growth.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months