Stripe agrees to acquire Metronome, which offers APIs to help SaaS companies charge customers based on usage and has raised $128M in total funding
compounded by the rise of AI. That shift accelerated even more than I expected. Metronome became the monetization infrastructure Jeff Weinstein / @jeff_weinstein : Welcome @getmetronome to @stripe! Usage-based billing is quickly becoming a new core primitive of the AI-infused internet. If you're considering a usage business model, please give our team(s) a shout. Patrick Collison / @patrickc : @yenkel @getmetronome (1) The success of the capabilities that we built over the past few years made us realize that this is an even bigger opportunity than was first apparent. (2) Scott and the team at Metronome are extremely impressive. Scott Woody / @l3amm : Obligatory garage photos to prove startup cred [image] Cristina Cordova / @cjc : Huge congrats to @l3amm and the @getmetronome team.🎉 While Stripe deeply understood payments, there was room for a focused team to reinvent metering, pricing & billing from first principles. Thrilled to see Stripe recognize it too and welcome them into the family. Patrick Collison / @patrickc : We're delighted to welcome @getmetronome to Stripe! Metered pricing is the native business model for the AI era. As far as we can tell, the associated shift in how businesses generate revenue will be as big as the advent of SaaS. (It may even turn out to be considerably bigger.)