Kong Inc., a developer specializing in cloud API and AI technologies, has unveiled its latest solution, Konnect Metering & Billing, leveraging the capabilities of OpenMeter. This innovation is crafted to help organizations effectively monetize their APIs, AI models, and data streams by enabling streamlined billing processes, thus converting digital assets into substantial income sources.
The demand for monetizing and managing digital services has increased as enterprises expand their AI initiatives. Companies must swiftly adjust their pricing strategies and service packages to keep pace with an ever-evolving market landscape.
Unified Approach to AI and API Billing
Fragmented visibility and billing processes frequently obstruct revenue capture and cost efficiency. The integration of OpenMeter seeks to resolve these concerns by offering a comprehensive view of usage from conventional APIs to advanced AI workloads, facilitating seamless monitoring and billing.
Fragmented visibility and billing processes frequently obstruct revenue capture and cost efficiency
"By integrating OpenMeter into Kong Konnect, we're giving organizations 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 optimize strategies, help reduce churn, and capitalize on emerging opportunities," said Ross Kukulinski, VP of Product, Kong Inc.
Enhanced Monetization Features
The new integration offers the following features to users:
- Real-time usage metering is available through Kong's API and AI Gateways, ensuring seamless tracking of existing API traffic.
- Creation of adaptable, data-driven products with flexible rate cards that can be tested and modified according to market needs, allowing for secure pricing optimization.
- Implementation of robust entitlements and detailed limits for refined cost control and real-time product access management.
- On-demand or cyclical invoice generation, supporting direct monetization via preferred payment gateways and internal cross-departmental chargeback.
- Access to comprehensive analytics and dashboards that provide insights into vital metrics such as revenue and churn rates, aiding in identifying future growth opportunities.
A Single Control Plane for AI and API Connectivity
This announcement follows Kong's recent acquisition of OpenMeter, a leading open-source and SaaS platform for usage-based metering and billing.
Kong Konnect offers a singular AI and API platform that facilitates all facets of modern API and AI connectivity, enabling enterprises to build, run, and manage APIs, AI models, event streams, and microservices effortlessly through a global control plane. This capability positions organizations to thrive in the emerging Agentic AI era.
Kong Inc., a developer of cloud API and AI technologies, announces Konnect Metering & Billing, powered by OpenMeter, a new solution designed to enable organizations to unlock new revenue streams by productising and effectively billing for their APIs, AI models, and data streams, turning digital assets into significant sources of income.
As organizations scale their AI initiatives, the need to monetise and manage usage across diverse digital services is growing. Companies also need the ability to rapidly iterate on their pricing and packaging to respond to the dynamic changing landscape.
Sophisticated AI workloads
However, fragmented visibility and billing processes often hinder effective revenue capture and cost control. This integration will address these challenges by providing unified API and AI metering, offering a singular view of usage that extends from traditional APIs to sophisticated AI workloads, ensuring comprehensive monitoring.
“By integrating OpenMeter into Kong Konnect, we're giving organizations 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 monetization but also provides deep insights to optimize strategies, help reduce churn, and capitalize on emerging opportunities,” said Ross Kukulinski, VP of Product, Kong Inc.
Supporting direct monetization
With this integration, users will soon be able to:
- Perform real-time usage metering with built-in integration in Kong API and AI Gateways, for seamless metering of existing API traffic.
- Create highly flexible, data-driven products and rate cards that can be easily market-tested, modified, and versioned to adapt to market demands quickly and optimize pricing safely.
- Implement robust entitlements, add-ons, and granular limits for unparalleled control over costs and real-time management of customer access to products and features.
- Generate invoices at the end of each billing cycle or on-demand, supporting direct monetisation through preferred payment gateways, as well as internal chargeback across departments.
- Access comprehensive dashboards and analytics for insights into key metrics such as revenue, churn rate, and future revenue opportunities, enabling businesses to fully capitalize on market potential.
- Plane–enabling organizations
Usage-based metering and billing
This announcement comes on the heels of Kong’s recent acquisition of OpenMeter, a pioneer open-source and SaaS platform for usage-based metering and billing.
Kong Konnect is the unified AI and API platform designed to support every aspect of modern API and AI connectivity. Enterprises can build, run, discover, and govern APIs, LLMs/MCPs, event streams, and microservices – all from a single, globally distributed control plane–enabling organizations to be ready for the Agentic AI era.
