About

We wrote this system three times before getting it right

Tessera is the fourth attempt, and the first one that kept every event underneath every number. Founded in 2021, thirty-four people, nine countries.

We spent four years at three different companies writing the same billing system, badly.

The first was a nightly job that summed rows in Postgres. It worked until a customer asked why their invoice had gone up, and it took two engineers a week to answer. The second was a queue and a warehouse job — faster, and wrong in more interesting ways. The third we never finished. We were still arguing about how to attribute a late event when the quarter closed.

What we kept relearning is that usage-based billing isn’t an accounting problem with a data pipeline bolted to it. It’s a data problem that finance has to be able to audit. Those two requirements pull in opposite directions — one wants aggregates, the other wants every row — and most in-house systems resolve it by quietly giving up on the second.

Tessera keeps both. Every aggregate holds a pointer back to the events underneath it, from an invoice line down to the individual call, for as long as you keep the data. That decision made the system considerably harder to build, and it is the only reason finance stops asking engineering to explain invoices.

Nadia Brekke and Tomás Ruiz, founders
Founded 2021 In a borrowed room in Lisbon, after the third rewrite.
People 34 Remote across nine countries and four time zones.
Events metered daily 1.2B Across every account on the platform.
Companies billing on Tessera 240 From four-person teams to public companies.
What we believe

Four positions, and what each one costs us

A principle nobody pays for isn’t a principle. Here are ours with the bill attached.

We charge for events, not seats.
A customer who doubles their headcount pays us nothing extra. We only grow when the product they built on top of us does — which is slower, and occasionally means watching a large company pay us very little.
Every number is traceable, or it doesn’t ship.
It is why retention costs what it costs, and why we have turned down features that would have required us to discard the events underneath an aggregate. Several of them would have sold well.
We don’t take a percentage of what you bill.
Revenue share is the easiest pricing model in this category and the one we’d earn most from. It also means your best month is our best month, which is a strange thing to celebrate on an invoice you can’t audit.
We say no to roadmap items more often than yes.
The list of things Tessera deliberately doesn’t do — dunning, tax, collections, payment processing — is longer than the list of things it does, and every item on it is a deal we’ve lost at least once.
How we got here

Five years, in order

Each of these exists because the one before it turned out not to be enough.

  1. 2021

    Two of us and one patient customer

    They agreed to be metered in parallel with their existing billing for six months and to tell us, every month, exactly where the two invoices disagreed. They disagreed for five of them.

  2. 2022

    The audit trail shipped

    Third attempt, and the first one a finance team could actually use. Everything Tessera has been able to promise since rests on it.

  3. 2023

    Pricing versions

    Customers stopped being able to change next quarter’s pricing and accidentally restate last quarter’s invoices. Seed round closed the same week, which was a coincidence we have since claimed was strategy.

  4. 2024

    EU residency and SOC 2 Type II

    The year the work stopped being about metering and started being about being trusted with the data. The first account past a billion events a month arrived in October.

  5. 2025

    Streaming ingest, 41ms at p99

    Metering on arrival became the default for every plan rather than a thing enterprise customers paid extra for. Nightly batch was switched off for the last account in November.

  6. 2026

    Thirty-four people, 1.2B events a day

    Still no dunning, no tax engine, and no plans for either.

The team

Who builds it

Engineers, a designer, and a controller who joined because he was tired of asking engineers for numbers.

  • Nadia Brekke Co-founder & CEO Fifteen years in payments infrastructure, a good share of it spent explaining invoices.
  • Tomás Ruiz Co-founder & CTO Built and rebuilt three in-house metering systems before agreeing to build a fourth.
  • Priya Raghunathan VP Engineering Ran the billing platform at a company that outgrew it twice in four years.
  • Jonas Lindqvist Head of Finance A controller who got tired of asking engineering for numbers and came to the source.
  • Amara Diallo Head of Design Designs for people who read spreadsheets for a living and deserve better than most get.
  • Wei Chen Head of Security Responsible for the unglamorous half of keeping an audit trail auditable.
We’re hiring Engineering, design and support, anywhere within four hours of Central European Time.
See open roles

Meter your first million events free

The fastest way to understand what we believe is to send an event and follow it all the way to an invoice line.