Outreach founder Manny Medina has a new startup that helps AI agents get paid

Because the 12 months of the AI agent takes form, a brand new pattern is rising: startups providing the picks and shovels that assist employers construct a workforce of bots.

Manny Medina, greatest often known as the founder and former CEO of the $4.4 billion valued gross sales automation firm Outreach, simply launched one such startup referred to as Paid, he instructed TechCrunch completely.

Paid doesn’t make AI brokers. It provides a platform that makes certain they receives a commission, profitably. Paid introduced Monday that it raised €10 million (about $11 million) in a pre-seed funding from European powerhouse EQT Ventures, Sequoia, and GTMFund.

Medina got here up with the concept for Paid after spending months speaking to dozens of agentic platform startups. In these conversations, a typical criticism emerged. “They didn’t actually know what to cost,” Medina instructed TechCrunch.

The premise of Paid is that the outdated methods of charging for software program gained’t work with AI brokers. Agentic firms can’t cost per person or per seat, which means primarily based on how many individuals are utilizing the software program (like old-school Microsoft Workplace). The entire level is that one worker might run plenty of brokers. Or brokers will run by themselves with no human overseer in any respect.

Firms growing AI brokers can also’t cost just like the final massive generational change in software program, SaaS, charging by utilization as a result of, if brokers work correctly, they “are taking up an entire position,” Medina says. 

An agent’s buyer doesn’t need to pay for all of the discrete duties an agent does — if it even is aware of all of them, he says. They need to pay for its outcomes, like an worker. So if an agent is employed in insurance coverage and the position’s success is measured in accomplished coverage renewals, an organization doesn’t need to pay for every e-mail the agent despatched.

On the identical time, the prices related to offering brokers are variable, relying on what number of LLM tokens it must execute its coaching and its duties.

“So how do you assist them value for the job that they’re delivering?” Medina mentioned of the startups providing brokers. “They wanted the power to attempt new issues with completely different clients. They wanted the power to measure their margins.”

Billing meets HR administration

Brokers are so new that startups haven’t needed to cope with processes that present worthwhile billing, not to mention renewals. Paid permits agentic startups to create pricing — mounted or variable — with a watch to worthwhile margins. 

In doing so, it additionally tracks brokers’ output, which additionally lets startups validate the return on funding.

It’s the AI agent period model of Zuora (SaaS renewal billing software program) meets SuccessFactors (SaaS HR administration software program).

The Paid platform is being marketed to startups, slightly than enterprises like Salesforce and Microsoft, that are additionally providing agentic platforms. Paid has three such firms as beta clients, it says: Logic.app, 11x, VidLab7, Artisan, and HappyRobot.

“Brokers are changing roles, human roles, not all the job, however complete roles,” Medina says.

He’s additionally practising what he preaches, utilizing AI to construct this new startup. Paid engineers vibe coded the preliminary product demos with instruments like v0, Replit, and Lovable.

“That is what’s a lot enjoyable about constructing an organization proper now. We’ve two engineers, and now we have constructed everything of the constructing platform in a month. Why? As a result of we construct every little thing on AI,” he mentioned. 

Medina has expertise constructing firms from nothing. The previous Microsoftie, who has been a well-known a part of the Seattle tech scene for many years, took Outreach from $0 when he based it in 2011 to 800 staff and $250 million in annual recurring income by the point he left the CEO position in September.

Medina left the manager chairman position in March, although he stays on the board. He, and Paid, are actually primarily based in London.