Kong Inc. launches Konnect Metering & Billing solution

Kong Inc. has introduced Konnect Metering & Billing, a new offering aimed at helping organisations monetise their digital assets like APIs, AI models, and data streams. Developed with OpenMeter, this solution seeks to transform digital services into revenue-generating resources in response to an increasing demand for managing and monetising AI initiatives effectively.

As AI-driven projects expand, there is a growing necessity for businesses to efficiently oversee and profit from diverse digital offerings. This requires them to swiftly adapt pricing structures to remain competitive in a rapidly shifting environment. However, fragmented billing mechanisms can obstruct revenue optimisation and cost management.

Comprehensive API and AI monitoring

The integration within Konnect Metering & Billing aims to resolve these issues by offering a holistic approach to metering that spans traditional APIs as well as advanced AI workloads. Kong's solution provides a unified view of usage, enhancing transparency and oversight.

Ross Kukulinski, VP of Product at Kong Inc., stated, “By integrating OpenMeter into Kong Konnect, we're giving organisations the tools to transform their digital services into profitable assets while maintaining strong governance in the agentic AI era. This unified approach not only accelerates monetisation but also provides deep insights to optimise strategies, help reduce churn, and capitalise on emerging opportunities.”

Real-time metering and flexible pricing

The integration equips users with the capability for real-time usage metering facilitated by Kong's API and AI Gateways. This allows for the seamless monitoring of existing API traffic.

Furthermore, organisations can develop adaptable, data-driven products and adjust pricing easily to meet market demands, optimise rates, and ensure pricing aligns with business goals. Users can also benefit from robust features like granular control over costs, real-time customer access management, and generating invoices either at regular intervals or on-demand.

Enhanced insights and revenue opportunities

Konnect Metering & Billing provides businesses with access to detailed analytics dashboards

Konnect Metering & Billing provides businesses with access to detailed analytics dashboards, offering insights into crucial metrics like revenue, churn rates, and potential revenue streams, all of which empower organisations to fully exploit market possibilities. Additionally, the system supports direct monetisation via preferred payment gateways and internal departmental chargebacks.

Following its acquisition of OpenMeter, a pioneer in open-source and SaaS metering and billing solutions, Kong has enhanced its unified AI and API platform, Kong Konnect.

This platform supports multiple facets of API and AI connectivity, enabling organisations to build, manage, and govern APIs, large language models/machine learning models, event streams, and microservices. It ensures that organisations are well-prepared for the evolving demands of the agentic AI era.