Paid, the AI agent ‘results-based billing’ startup from Manny Medina, raises huge $21M seed

Paid, a startup founded by Manny Medina, has raised a $21 million seed round for its AI agent platform that offers a "results-based billing" model. The platform is designed to help businesses leverage AI-powered agents to engage with customers, with the key selling point being that clients only pay for successful outcomes, rather than a fixed rate. The startup's approach aims to shift the risk away from the client and onto the AI provider, incentivizing Paid to deliver tangible results. The funding will be used to further develop the platform and expand the team. The seed round was led by Coatue, with participation from several other prominent investors. The "results-based billing" model offered by Paid represents an innovative approach in the AI agent space, potentially disrupting traditional pricing structures and aligning incentives between service providers and clients. The significant funding raised underscores the market's interest in this novel proposition.