Metronome, a San Francisco, CA-based provider of a usage-based billing platform, raised $50M in Series C funding.
The round was led by NEA with participation from a16z, Greyhound Capital, General Catalyst, Workday Ventures, Truebridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures.
The company, which has now raised $128M, intends to use the funds to boost R&D efforts.
Led by CEO Scott Woody, Metronome provides a usage-based billing platform that helps companies launch products faster. It empowers billing for startups and enterprises, including OpenAI, Databricks, and NVIDIA. Metronome 2.0, launched in October, expanded the set of customers in the company’s sights given enhanced and new features to enable flexibility to handle self-serve models, complex enterprise contracts, cloud marketplaces, and more.
The company also announced the hiring of its first chief product officer, James Brown, formerly of Lacework and Cisco.
FinSMEs
25/02/2025