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flag London startup Paid raises $21M to build AI agent billing platform based on results, not subscriptions.

flag London-based startup Paid, founded by former Outreach executive Manny Medina, has raised $21 million in seed funding to develop a results-based billing platform for AI agents, shifting from subscriptions to charging based on outcomes like completed tasks or revenue generated. flag Backed by Lightspeed Venture Partners, Sequoia Capital, and Elad Gil, the company aims to solve key challenges in the AI agent economy by automating pricing, billing, and margin management. flag Valued at over $100 million, Paid will use the funds to expand its beta program and enhance its platform, which tracks real-time results and costs to help developers stay profitable. flag The company positions itself as essential infrastructure for the emerging agentic economy, similar to how Stripe revolutionized online payments.

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