San Francisco based provider of usage-based billing solutions for software companies raised $43m in Series B funding led by NEA.
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Metronome raises $43m in Series B funding
“Companies have been cutting spend on ‘nice-to-have’ software, but we’re seen as a core driver of revenue opportunities for our customers. The rise of AI has also been a big factor (many AI companies are adopting usage-based models), as has the desire from companies to move away from pure subscription and seat-based models to more hybrid and usage-based approaches.”
