AI-driven portfolio management platform Standard Metrics raises $20 million

Venture capital and private equity firms are grappling with the high costs of creating custom AI infrastructure, which diverts resources away from actual investing. However, Standard Metrics has raised $20 million to introduce a ready-made platform, bypassing this issue. This funding, led by 8VC, Salesforce Ventures, and Spark Capital, will help the startup revolutionize the private markets by improving data tracking, analysis, and utilization.

Investors have long relied on outdated methods, such as fragmented spreadsheets, endless email chains, and manual data entry, which have made the investor relations process exhausting. Standard Metrics has been focused on eliminating these inefficiencies since its inception in 2020. By serving as a central source of truth, their platform directly connects investors with portfolio companies, providing instant insights and eliminating the need for outdated methods.

With the new funding, the startup plans to further develop its AI capabilities and expand its team, aiming to become the go-to platform for private market investors.