Startup that charges clients only when AI works raises $21.6 million
Paid, a London-based startup from Manny Medina, has landed $21.6 million in seed funding led by Lightspeed—bringing its total raised this year to $33.3 million and pushing its value past $100 million.
What sets Paid apart? Instead of charging flat fees or by usage, it enables AI agent makers to bill their customers based on how well their algorithms actually perform.
Paid's model addresses the cost barrier in AI projects
Paid's results-based billing is catching on with companies like Artisan and IFS because it tackles a big problem: most AI projects don't make it past testing since costs pile up without real results.
By tying payment to performance, Paid aims to make AI more affordable and effective for everyone.
Alexander Schmitt from Lightspeed believes that linking compensation directly to value delivered could change how enterprise AI gets built and funded going forward.