OpenMeter, a San Francisco, CA-based startup focused on helping engineers monetize AI products and standardize usage metering, has raised a $3 million seed funding.
SaaS Investors
The funding round was from prominent investors including Y Combinator, Haystack, and Sunflower Capital.
Y Combinator is an accelerator firm that prefers to invest in b2b software and services, education, consumer, healthcare, real estate and construction, financial technology, industrials, and government sectors. Founded in 2005, it is based in Mountain View, California.
Haystack is an institutional venture capital firm focused on early-stage investments. Based in San Francisco, CA, the firm backs outlier founders at the earliest stages.
About OpenMeter
OpenMeter offers AI companies a strategic solution for monetizing their products and optimizing usage metering, empowering engineers, and driving efficiency across the organization. OpenMeter provides an open-source, real-time usage metering solution to power SaaS, billing, and IoT use cases. The platform supports real-time metering, extraction of usage data from various infrastructure components, and integration with billing systems, CRMs, and finance tools. The company’s OpenMeter Cloud, the managed version of its platform, provides additional features such as usage insights, Stripe integration, and visibility into per-usage costs.
Funding Details
Company: Tailfin Cloud, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: March 2024
Lead Investors: Y Combinator, Haystack, and Sunflower Capital
Additional Investors:
Company Website: https://openmeter.io/
Software Category: Metering Solution
Source: https://openmeter.io/blog/ai-monetization#heading-from-stripe-to-openmeter-our-journey