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Outreach founder Manny Medina has a new startup that helps AI agents get paid
Manny Medina, former CEO of Outreach, has launched a new startup called Paid, focused on helping AI agents get paid effectively. After securing €10 million in pre-seed funding, Paid aims to offer a platform that enables agentic startups to create profitable pricing models and track output, adapting to the needs of AI-driven roles. Paid promotes a shift towards performance-based billing, marking a new trend in AI workforce management.
Key points
- Manny Medina has launched Paid to assist AI agents with payment and billing strategies.
- Paid raised €10 million in pre-seed funding from investors like EQT Ventures and Sequoia.
- Medina identified a need for proper pricing structures in agentic startups after discussions with various companies.
- Traditional software billing models (per user or per usage) don't work for AI agents who operate independently.
- Paid allows startups to establish fixed or variable pricing while tracking agents' output and validating ROI.
Why it matters
- The rise of AI agents represents a significant shift in workforce dynamics correlating with the continuous evolution of enterprise software.
- Current IT trends by 2025 focus on increasing automation and AI integration into businesses, enhancing efficiency.
- Medina's background and success with Outreach underline the potential for startups in the booming AI sector.
Paid's innovative approach addresses a crucial gap in the AI workforce landscape, positioning it for success as more companies adopt AI agents, reflecting a broader shift towards performance-based business models.