Metronomes have been keeping time for hundreds of years, rhythmically clicking back and forth at exact intervals. A metronome is steady, and a tool that’s long been used by dancers, musicians, and athletes to build precision in timing. That association is what gave usage-based billing startup Metronome its name.
"We wanted a name that felt like ‘you can depend on us,’” said Scott Woody, Metronome cofounder and CEO. “Something that’s super reliable, that no matter what happens in your business, Metronome is there to keep you going.”
Metronome has raised a $50 million Series C, led by NEA, Fortune can exclusively report. The round included Andreessen Horowitz, General Catalyst, Workday Ventures, Greyhound Capital, Truebridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures. This round brings the company’s total capital raised to $128 million. (The company declined to disclose valuation.)
