Metronome

Metronome

Real-time billing metrics and automation platform

About Metronome

Simplify's Rating
Why Metronome is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Series C

Total Funding

$128M

Headquarters

San Francisco, California

Founded

2020

Overview

Metronome offers a real-time data infrastructure that helps businesses transform raw usage events into accurate billing metrics, particularly for those using subscription or usage-based models. The platform allows for easy integration with existing systems and enables no-code adjustments to pricing, which helps companies quickly adapt their billing strategies. With features like real-time usage insights and automated order-to-cash processes, Metronome ensures accurate and compliant billing. Its goal is to streamline the billing process, making it easier for businesses to manage their revenue.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $50M in Series C funding, indicating strong investor confidence.
  • 8x increase in dollars billed in 2024 shows significant growth.
  • Integration with Salesforce enhances customer usage visibility and spend insights.

What critics are saying

  • Nue's unified CPQ and billing platform poses a competitive threat.
  • Rapid growth may lead to scalability challenges and service disruptions.
  • Dependency on Salesforce integration could affect service delivery if terms change.

What makes Metronome unique

  • Metronome offers real-time data infrastructure for accurate usage-based billing.
  • The platform supports no-code adjustments, enabling rapid pricing strategy changes.
  • Metronome ensures secure, auditable billing, enhancing trust and compliance.

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Funding

Total Funding

$128M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$50M
Metronome
$62M
SeatGeek
$100M
Oura

Benefits

Remote-friendly

Competitive compensation

Health insurance

FSA

401K

Parental leave

Flexible time off

EAP

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

7%

2 year growth

12%
MD Fin
Mar 2nd, 2025
MD FinTech deals weekly: February 24-March 2

Metronome, a company focused on data-driven technology solutions, raised $50M in a Series C round led by New Enterprise Associates, with participation from a16z, General Catalyst, Greyhound Capital Management, Activant Capital, Workday, TrueBridge, SineWave Ventures, and Megalith.

Fortune
Feb 25th, 2025
Exclusive: Metronome, usage-based billing startup, raises $50 million Series C

Metronome has raised a $50 million Series C, led by NEA, Fortune can exclusively report.

Venture Capital
Feb 25th, 2025
Metronome Raises $50M in Series C Funding and Expands Usage-Based Billing Platform

Metronome, the leading usage-based billing platform, has secured $50 million in Series C funding after experiencing an 8x increase in dollars billed on the platform in 2024.

HR Tech Wire
Feb 25th, 2025
Metronome Secures $50 Million in Series C Funding to Drive Adoption of Usage-Based Pricing in Software and AI

Metronome, the leading usage-based billing platform, today announced $50 million in Series C funding following an 8x increase in dollars billed on the platform in 2024.

Metronome
Oct 29th, 2024
Introducing Metronome 2.0

Metronome also integrate with Salesforce, so go-to-market teams have visibility into customer usage and spend within the tools they already use.

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