Metronome raised $50 million in Series C funding led by NEA to enhance usage-based pricing for software and AI applications.

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The startup claims to have developed a billing and data infrastructure platform that is capable of “reliably” processing data at scale so that usage-based companies can iterate on business models without code changes. The key, the company claims, is that companies are able to avoid designing around billing limitations. Today, the San Francisco-based startup is announcing that it has raised $30 million in a Series A round led by Andreessen Horowitz (a16z). The company previously raised a $5 million seed round led by General Catalyst. The startup, he said, has developed an integration model that is “as low effort as possible” for engineering teams and can get them up and running “very quickly, some in as little as a day.”“The billing system we’ve designed is equally capable of working with a bottoms-up, self-serve, go to market motion, as well as with a bespoke highly specific enterprise contract model,” Woody told TechCrunch. As a company grows, you’re going to have more customers and those customers are going to use your service more and more,” Woody said. Two former Dropbox employees — Kevin Liu and Scott Woody — who met at the company after selling their own respective startups founded Metronome in 2020. Metronome claims that its offering allows companies to “quickly and effortlessly launch, iterate and scale new business models with billing infrastructure that works at any size and stage,” according to Liu. What we’re building for our clients is a real-time data source of truth that can help power their product and client dashboards and while also directly integrating with other business systems.”Presently, Metronome has 20 employees and plans to spend the bulk of its new capital toward hiring, particularly across its R&D and go to market teams.