Standard Metrics, an AI-powered portfolio management platform for venture capital and private equity firms, has raised $20 million in Series B funding.

The round was led by 8VC, with participation from Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels, and other investors.

Founded in 2020, Standard Metrics helps VC and PE firms manage portfolio data, track company performance, handle valuations, prepare LP reports, and support investment decisions.

The company uses AI and automated data tools to collect and analyze information from portfolio companies. Its platform also includes AI document parsing, an AI Analyst, MCP interoperability, and AI-powered reporting tools.

Standard Metrics says its business has grown about 20 times since its Series A. The platform now supports more than 10,000 portfolio companies and 150 investment firms managing over $400 billion in assets.

“Our mission at Standard Metrics is to accelerate innovation in the private markets,” said John Melas-Kyriazi, co-founder and CEO of Standard Metrics. “This Series B round is a vote of confidence from investors who believe, as we do, that the firms who embrace AI now will be the ones defining the next era of the private markets.”

“We are delighted to deepen our partnership with Standard Metrics, a company that we co-founded in 2020,” said Alex Moore, board member at Standard Metrics and Partner at 8VC. “The community of forward-thinking investors and portfolio companies adopting Standard Metrics is impressive, and we see tremendous opportunity ahead for AI to transform the private markets.”

The company will use the new funding to expand its AI capabilities, grow its team, and reach more private market investors and portfolio companies.

Standard Metrics is led by CEO John Melas-Kyriazi and counts leading investment firms such as General Catalyst, Bessemer Venture Partners, and Accel among its customers.