Exiting stealth with pre-seed funding from Top Down Ventures, the company is giving Managed Service Providers a SaaS offering and playbook to sell AI as a Managed Service alongside existing Managed IT and Managed Cybersecurity offerings.

INDIANAPOLIS — June 2, 2026 — Lemhi, the AI Transformation-as-a-Service platform for Managed Service Providers (MSPs), launched out of stealth today. The company closed a pre-seed round led by Top Down Ventures and backed by Lookout Ventures and Start Something Ventures. Lemhi gives MSPs the tools to deliver AI to their customers at scale and turn that work into a recurring book of business.

Today, MSPs are fielding AI questions in every customer conversation, but they can’t package the work the way they package everything else they sell. It keeps landing as one-off projects, consulting hours, and tool deployments that never make it onto a monthly invoice.

The demand isn’t a problem. Turning it into a repeatable managed service is. Lemhi is built for that, giving MSPs a consistent motion to sell, deliver, govern, and measure AI as part of the same monthly agreement they already run with their customers.

“I’ve spent 17 years watching MSPs turn every major technology shift into recurring revenue,” said John Harden, Founder and CEO of Lemhi. “AI is next, and this time the tools are already in our customers’ hands. That makes it an operating model problem, not an AI tools problem. Lemhi gives MSPs the operating model and the software to execute it. The MSP earns a recurring revenue line that doesn’t exist today, and the customer finally gets real value out of the AI they’re already paying for.”

Lemhi Engage, the company’s first product, will be available for design partners beginning next week at Pax8 Beyond. It gives MSPs a way to run every AI engagement the same way every time, producing a workforce readiness score, an ROI plan, an M365 tenant assessment, and a phased rollout plan with owners, guardrails, and success metrics already built in. Engage is the front of the operating model: where the MSP scopes the work, sets expectations, and earns the right to run AI as a managed service.

Lemhi’s approach supports an emerging category: AI Transformation-as-a-Service. The average MSP can only build custom AI workflows for about 10% of their clients each year, leaving the other 90% untouched. Lemhi flips that ratio. Engage gives MSPs a structure to deliver adoption, governance, strategy, and policy around the AI tools customers already pay for, so every client gets a roadmap, not just the top accounts. “This is the motion that can reach 100% of customers, making sure there are no ‘have nots’ in the client base,” says John Harden.

These “have nots” are a risk to the MSP as they represent future churn or share-of-wallet loss to competitors. Gartner reports that only 28% of AI initiatives meet ROI expectations without a structured, phased program. Lemhi is built to close that gap on a single bet: AI should augment the next generation of workers, not replace them.

Beyond the pre-seed round, Lemhi has been selected into Top Down Ventures’ Vibe Studio and ConnectWise’s PitchIT accelerator, two of the more selective programs vetting early-stage companies built for the channel. The company is a member of GTIA, Microsoft for Startups, and the International Association of Microsoft Channel Partners (IAMCP), where co-founder and CEO John Harden as the representative for Americas on the International Innovation Committee.

“Every MSP we talk to is feeling the pressure, but most of the activity in the market today is still ad hoc: licenses, pilots, disconnected projects,” said Chris Day, Founder & Chairman of Top Down Ventures. “There’s no durable business model behind it yet. Lemhi is one of the first software platforms we’ve seen that turns this into a structured, repeatable service MSPs can actually scale. That’s why Top Down is excited to invest.”

This perspective is shared by the early design partners who have helped craft Lemhi’s product vision.

“AI is creating a new category of business conversation that many MSPs are not naturally equipped to lead,” said Robert Cioffi, Co-Founder of Progressive Computing. “As clients look for guidance on strategy, analytics, and operational impact, there’s a real risk they’ll turn elsewhere for that expertise. Lemhi empowers our team to lead those higher-value conversations and strengthen our role as a trusted business advisor.

Lemhi is onboarding select cohorts of forward-thinking MSPs over the coming months, giving early partners a head start on a new AI service line before the rest of the channel does. Each cohort works directly with Lemhi’s team to scope, price, and roll out the offering across their existing customer base. MSPs interested in joining can add their name to the waitlist at Lemhi.com.

About Lemhi

Lemhi is the AI Transformation-as-a-Service platform for managed service providers. The company gives MSPs a repeatable operating model to sell, deliver, govern, and measure AI as a recurring service line, the same way they run vCIO and vCISO offerings today. Built by MSP operators for MSP operators, Lemhi is defining AI Transformation-as-a-Service as the next recurring service line for the channel.

Visit Lemhi.com for more information.