Metronome has raised over $43m in Series B funding, led by NEA with participation from both a16z and General Catalyst. Also, Metronome welcomes Hilarie Koplow-McAdams, former President of New Relic and Salesforce and an experienced public company board member. This funding round brings to over $78m raised to date.

Established in 2019, Metronome was born out of a clear need within the SaaS industry. The founders, leveraging their vast experience from previous startups and notable companies like Dropbox, recognized the challenges companies faced with their billing systems. Metronome’s mission is to offer a seamless path to world-class billing without the extensive effort typically required, freeing up resources and allowing companies to focus on their core products.

The capital infusion is set to accelerate Metronome’s growth trajectory significantly. Despite holding most of its Series A funds, the company decided to secure additional capital to fuel its ambitious roadmap for 2024.

The planned enhancements are comprehensive and aimed at simplifying the user experience. These include upgrades to data pipeline integrations, streamlining data management, revamping core data models to automate complex billing workflows, and expanding support for critical financial operations like reconciliation and revenue recognition. This strategic investment in the company’s infrastructure and services underscores Metronome’s commitment to its customers, ensuring they receive top-notch services with minimal engineering overhead.

Metronome’s services have already garnered attention and trust within the industry. The company boasts a client list featuring some of the fastest-growing SaaS companies, such as Databricks, OpenAI, Anthropic, and NVIDIA. This trust from industry leaders reflects the efficacy and reliability of Metronome’s billing system.