Paid, the AI agent 'results-based billing' startup from Manny Medina, raises huge $21M seed | TechCrunch
Briefly

Paid, the AI agent 'results-based billing' startup from Manny Medina, raises huge $21M seed | TechCrunch
"Paid came out of stealth in March offering an interesting contribution to the AI agentic world: The company doesn't offer agents. It offers a way for agent makers to charge their customers for these worker algorithms, based on the value their agents provide. This is a growing theme in AI, sometimes called "results-based billing." Paid promises to help agent makers "start charging for points of margin saved by their customers," Medina describes."
"Per-user fees don't work because agent makers pay usage fees to the model providers as well as to cloud providers. Unlimited use could drive them into the red. (The vibe coding startup world tends to suffer from this issue.) Agent providers instead "need to show the value the agent is delivering to your customers, because agents are running in the background for the most part," Medina tells TechCrunch. If agents do work as advertised, then they'll be assigned increasingly more, with their growing workloads"
Manny Medina founded Paid, a London-based startup that raised an oversubscribed $21.6 million seed round led by Lightspeed, bringing total funding to €10 million pre-seed plus seed, or $33.3 million. The startup's valuation exceeds $100 million. Paid provides infrastructure that enables AI agent makers to charge customers based on the value agents deliver, a results-based billing approach. The platform helps makers start charging for points of margin saved by their customers. The model contrasts with per-user or unlimited-use pricing because agent makers incur model and cloud usage costs. Agents running quietly in the background must demonstrate delivered value to generate revenue.
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