Metronome Closes $30 Million Series A Round Led By Andreessen Horowitz To Lead The Software Industry’s Transition To Usage-Based Billing
Summary
SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- , the emerging leader in usage-based billing, announced today that it has closed $30 million in Series A funding to accelerate product development and customer adoption. Unfortunately, few companies can bear the enormous cost and complexity of building a usage-based billing system flexible enough to swiftly adjust to the dynamic needs of their growing business. The platform also provides businesses a single source of truth and real-time APIs for their customers usage and billing data, unlocking new insights and capabilities for product-led growth. Everyone from Engineering and Product to Finance and Go-to-market has seen real value from Metronome.Innovative new software companies are reaching scale every day, and theyre all hamstrung by the lack of flexible billing platforms. Getting the right billing infrastructure in place can accelerate product-driven development and business growth, said Martin Casado, general partner, Andreessen Horowitz.
Funding
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