Metronome provides a usage-based billing platform that enables companies to launch products faster and iterate on pricing and packaging. The platform powers billing for 150M+ end users and processed billions in usage-based revenue, with an 8x increase in dollars billed on the platform in 2024. Customers named in the article include OpenAI, Anthropic, Databricks, Confluent, and NVIDIA. In October Metronome launched "Metronome 2.0," adding features for self-serve models, complex enterprise contracts, and cloud marketplaces. The company recently hired its first chief product officer, James Brown, to drive product vision and capitalize on growth. Metronome plans to boost R&D to help customers use pricing and billing data to improve customer experience, pricing decisions, cost controls, and margins. Metronome provides a data-driven usage-based billing platform that lets engineering teams point their data streams at Metronome to launch pricing and quote-to-cash workflows with minimal engineering effort. The product offers out-of-the-box integrations and aims to reduce the engineering investment required for billing integration and maintenance, enabling faster product launches and pricing changes. The company says it saw a 6x increase in ARR last year as customers—including OpenAI, Anthropic, Databricks and Nvidia—move from subscription to usage-based or hybrid models. Metronome doubled headcount to 66 full-time employees over the last year and grew headcount more than 40% in the last quarter, and it plans continued hiring across R&D and customer-facing teams. The startup declined to disclose a valuation, saying only it was a “very healthy multiple above” its Series A valuation. Metronome plans to use the new capital to advance its product roadmap and provide runway to support customers and long-term infrastructure commitments. Metronome builds billing and data infrastructure designed to process usage data at scale and provide real-time APIs for customers’ usage and billing information. The product aims to let companies launch, iterate and scale usage-based pricing models without code changes and to serve both self-serve and bespoke enterprise contract workflows. Founders Kevin Liu and Scott Woody started the company in 2020 after identifying widespread billing pain at other software companies. Customers named in the article include Cockroach Labs, Starburst and Truework. The company is San Francisco–based, has about 20 employees, and plans to use new capital primarily to hire across R&D and go-to-market teams. Metronome emphasizes architecture built for scale, resilience and security so billing can act as a real-time source of truth for product and client dashboards.

Total raised

$123M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2025