AI Billing Startup Paid Raises $21.6M to Let Companies Charge for Results Instead of Usage
Summary
London-based startup Paid raises $21.6M to revolutionize AI billing by enabling companies to charge customers based on actual results delivered rather than traditional usage metrics, addressing the critical issue that 95% of enterprise AI projects currently provide no measurable value to businesses.
Key Points
- Paid, founded by Manny Medina (Outreach founder), raises $21.6M seed round led by Lightspeed, bringing total funding to $33.3M with over $100M valuation
- The London-based startup offers results-based billing infrastructure for AI agents, allowing companies to charge customers based on value delivered rather than traditional per-user or usage fees
- Early customers include viral sales automation startup Artisan and ERP vendor IFS, as the company addresses the problem that 95% of enterprise AI projects provide no measurable value