Lemhi Emerges from Stealth with Pre-Seed Funding

Lemhi, an Indianapolis--based AI Transformation-as-a-Service platform for Managed Service Providers (MSPs), has emerged from stealth with a pre-seed funding.

Investors

The pre-seed round was led by Top Down Ventures, with participation from Lookout Ventures and Start Something Ventures.

Lemhi Use of Funds

The funding will support the expansion of Lemhi’s AI Transformation-as-a-Service platform, the rollout of its first product, Lemhi Engage, and the onboarding of MSP partners to scale AI service delivery.

About Lemhi

Lemhi is an AI Transformation-as-a-Service platform designed specifically for Managed Service Providers (MSPs). The company enables MSPs to package, deliver, govern, and measure AI initiatives as recurring managed services rather than one-off consulting projects. Its flagship product, Lemhi Engage, provides a structured framework for AI adoption, including workforce readiness assessments, ROI planning, Microsoft 365 tenant evaluations, governance guardrails, and phased implementation roadmaps.

Funding Details

Company: Lemhi
Raised: $0.0M
Round: Pre-Seed
Funding Date: June 2026
Lead Investor: Top Down Ventures
Additional Investors: Lookout Ventures, Start Something Ventures
Company Website: https://www.lemhi.com
Software Category: AI Transformation-as-a-Service (AI Management Platform for MSPs)
Source: Lemhi Press Release