Hello, tech enthusiasts! Today, we’re diving into an exciting new startup that’s at the forefront of the AI revolution. Say goodbye to old business models that just don’t cut it anymore!

Enter Paid, the brainchild of Manny Medina, the former CEO of the successful sales automation company Outreach. This innovative platform is designed to ensure AI agents can finally get paid—profitably.

After raising a significant €10 million in pre-seed funding from top-tier investors, including EQT Ventures and Sequoia, Paid aims to resolve a common issue many AI startups face: figuring out how to charge for their services.

Traditional software pricing—based on user numbers or usage metrics—simply doesn’t apply to AI agents. These agents can take on entire roles, making it essential for companies to find new methods to charge based on results instead.

Imagine an AI agent working in insurance focused on completing policy renewals. Businesses aren’t interested in paying for every email sent, but rather for successful outcomes.

Paid addresses this by allowing startups to create flexible pricing models while tracking agents’ outputs. This means clearer margins and profits for those developing these remarkable AI technologies. Think of Paid as a blend of software billing management and human resource tools, targeting the startup space rather than enterprise giants.

With three companies onboard as beta customers, Paid is already demonstrating how agents are transforming existing roles in businesses, highlighting the need for innovative billing solutions.

And here’s a fun fact—Manny and his team are leveraging AI technology to build Paid, showcasing the very capabilities they promote!

In summary, Paid is paving the way for a future where AI agents not only perform tasks but do so in a way that’s financially sustainable for the companies that create and use them.