Lemma Raises $2.3 Million Pre-Seed Round Backed By Y Combinator And Other Investors

Lemma, a San Francisco-based AI agent observability startup, has raised a $2.3 million pre-seed round backed by Matrix, Y Combinator, Liquid 2 Ventures, and investors from OpenAI, xAI, Meta, and DoorDash. Founded in 2025 by Jerry Zhang and Cole Gawin, Lemma monitors more than 1 million AI agent traces daily to detect silent failures, identify root causes, and suggest fixes directly in the codebase. The company is targeting a growing problem in AI: agents that appear to work in testing but quietly fail in production. FOUNDERS: Jerry Zhang and Cole Gawin INVESTORS: Matrix, Y Combinator, Liquid 2 Ventures, Vermilion Cliffs Ventures, Irregular Expressions, Cervin Ventures, Comma Capital, Position Ventures, Eight Capital & angels from OpenAI, xAI, Meta and DoorDash ROUND: Pre-Seed AMOUNT: $2,300,000 HQ: San Francisco, California #VentureCapital #Lemma #AI #TradedVC #AIInfrastructure

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Standard Metrics Secures $20 Million In Series B Funding Led By 8VC And Salesforce VenturesSan Francisco-based Standard Metrics raised $20 million in Series B funding led by 8VC, with participation from Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, and Gaingels. Led by CEO John Melas-Kyriazi, the AI-driven portfolio management platform plans to use the funding to deepen its AI capabilities, expand its team, and reach more private-market investors and portfolio companies; it currently supports more than 10,000 portfolio companies and 150 firms managing over $400 billion in assets. FOUNDERS: John Melas-Kyriazi, Deny Khoung & Kevin Hsu INVESTORS: 8VC, Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Venture & Gaingels ROUND: Series B AMOUNT: $20,000,000 HQ: San Francisco, California #VentureCapital #StandardMetrics #JohnMelasKyriazi #TradedVC

Steppa Secures Seed Funding From Investors In Charleston, SC For Step Wagering AppSteppa (@PlaySteppa), a Charleston, S.C.-based step wagering app, surpassed 100,000 downloads in its first three months, signaling strong early traction for its model that turns daily movement into real-money rewards. Founded by John Orefice and Cameron Purdy, Steppa lets users join step challenges, compete with friends or communities, and earn cash by hitting their goals. FOUNDERS: John Orefice (@JohnOref) & Cameron Purdy ROUND: Seed HQ: Charleston, SC #VentureCapital #Steppa #TradedPartner #JohnOrefice #CameronPurdy #TradedVC