Benchmark focuses on early-stage venture investing in consumer, marketplaces, open-source, AI, infrastructure, and enterprise software.
Joined June 2009
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Benchmark retweeted
We made @theinformation list of top 50 promising early-stage startups for 2026 🎉
Thank you to everyone who runs, builds on, and talks about Ollama.
theinformation.com/articles/…
Benchmark retweeted
great to add depth to the capital base that sees the expanding market opportunity for @mercor
We raised our $750 million Series D at a $20 billion valuation from @benchmark, @generalcatalyst, @nvidia, @salesforce, and @zoom.
@mercor scaled from $1M to $3B in run-rate revenue in 27 months, the fastest in history to $3B.
For 2 years, we've organized human intelligence to build evals and training data for every frontier lab.
The labs are the leading indicator for AI startups, then the Fortune 500.
Our growth has accelerated over the past 6 months as enterprises start evaluating and training their own models. For many, owning their intelligence is existential.
Benchmark retweeted
So thrilled to back @nilscmr and the team at Tendrils, who are taking advantage of advances in AI to rebuild the CPU.
Absolutely brilliant and ambitious founders who I feel lucky to be around.
Tendrils has raised $30M led by @benchmark to rebuild general-purpose computing. @jaltma is joining our board.
At Tendrils, we believe that the future of general-purpose computing lies beyond legacy architectures for legacy software.
Benchmark retweeted
We raised our $750 million Series D at a $20 billion valuation from @benchmark, @generalcatalyst, @nvidia, @salesforce, and @zoom.
@mercor scaled from $1M to $3B in run-rate revenue in 27 months, the fastest in history to $3B.
For 2 years, we've organized human intelligence to build evals and training data for every frontier lab.
The labs are the leading indicator for AI startups, then the Fortune 500.
Our growth has accelerated over the past 6 months as enterprises start evaluating and training their own models. For many, owning their intelligence is existential.
Benchmark retweeted
Tendrils has raised $30M led by @benchmark to rebuild general-purpose computing. @jaltma is joining our board.
At Tendrils, we believe that the future of general-purpose computing lies beyond legacy architectures for legacy software.
Benchmark retweeted
Aaron @ceo_clickhouse asks hard questions, cuts through the fluff, and—in my case at least—elevates the conversation. It’s part of what makes him such a great leader. A joy to join him at the @ClickHouseDB Berlin all-hands for the first episode of Real Time.
Excited to launch Real Time, our new series at @ClickHouseDB. The idea is simple: real conversations with extraordinary people. First up: @peterfenton on nearly 30 years in venture, open source and the AI supercycle.
Full episode is live: youtube.com/watch?v=aKHsG1B5…
Benchmark retweeted
fomo is a remarkable company powered by an incredible team. Super excited to have joined "in the trenches" for Episode 100!
in the trenches with @chetanp | Ep 100 | Presented by @fomo xitter.twitterapi.xyz/i/broadcasts/2MEXjLLnp…
Benchmark retweeted
Exactly a year ago today, we launched Starcloud-1 to space. To celebrate its birthday 🥳, we have put together some previously unseen footage we have from around the launch. I particularly like the footage we have of the @Starcloud_ kids! 😅👌
Starcloud-1 is operating today with the only @NVIDIA H100 in space, still the most powerful SI compute on orbit. With it we became the first entity to do training and high powered inference on orbit, and we now have 3 more launches coming up in the next year! We are planning to move almost all compute off Earth 🚀
See the careers page on our website if you want to join this awesome team!
Benchmark retweeted
The hot new role emerging in law is the legal engineer. The New York Times dug into their rise at the intersection of law and technology.
"As artificial intelligence is becoming a bigger part of legal work, technology vendors like Legora, law firms, and in-house legal teams are all looking for people who understand both law and technology well enough to rewrite work flows and teach others how to use A.I. tools."
“It’s a true profession,” Daniel Himmel told @nytimes. Read the full story here: nytimes.com/2026/10/31/busin…
Benchmark retweeted
Legal professionals are moving from assistive to agentic AI, and @WeAreLegora is firing on all cylinders as a result. Coming off the strongest quarter in our history, we reached new highs in October.
On the business side:
- YoY top line growth was more than 6x, and October was the best pipeline month in Legora’s history, up 50%+ vs. last quarter-opening month.
- The number of new customers added grew 20%+ vs. the last quarter-opening month. Legora now has more than 2,600 customers across 80+ markets.
- Gross margin was up more than 10 points MoM.
- @JonesDay, @HoganLovells, @Littler, @BMWGroup and @Loyens_Loeff chose Legora.
- We raised $550 million at an $8.8 billion valuation, in a round led by @GavinSBaker at @Atreidesmgmt with participation from @Fidelity, @CapitalGroup, @BaronCapital, @GladeBrookCap, @jpmorgan,@MenloVentures, @benchmark, @Accel, @generalcatalyst, @Redpoint, @BessemerVP, @ICONIQCapital and others.
Product momentum:
- Big improvements in Agent quality and reliability, which is translating to MAU platform usage of ~20 hours per month
- Launched Ontological Legal research: Comprehensive legal data built on an ontology of law, with an AI-native citator that checks authority is current and binding.
- Launched Skills: Reusable instructions for the Legora Agent, with 250+ pre-built and the option to build your own.
- Launched Intake: A front door for in-house teams that turns business requests into tracked work, with a first draft from the Agent.
Personal highlight:
I grew up in New York and visited the @Guggenheim often as a kid. Returning this month to host Precedent New York, Legora’s flagship global summit, with 250 legal leaders in the room was surreal. The same building, but a very different reason for being there.
Thank you to our customers for trusting us as partners, and to the entire Legora team for the relentless work behind this record-breaking month. October belongs to all of you.
Let’s get to work.
Benchmark retweeted
Today we launch Ontological Legal Research. The best data and the best technology, together at last.
Available now in the US. More jurisdictions to come.
Read more in our launch blog: legora.com/blog/introducing-…
Benchmark retweeted
A positive second derivative at this scale feels like magic 😊
Every quarter at Sierra, we celebrate the end of the quarter with Double Denim Day (or, as some like to call it, Canadian Tuxedo Day) 👖. This Q3, we needed a lot of denim to celebrate the most remarkable quarter in Sierra's 2.5 year history.
We added over $150M ARR this quarter, bringing our total ARR beyond $400M. Remarkably, we added more ARR in one quarter than we had all of last year.
The most exciting thing to me is that our pace is accelerating. It took us six months to double from $100M to $200M ARR, and only five months to double from $200M to $400M ARR.
@claybavor and I are grateful to our customers and proud of the entire Sierra team.
Benchmark retweeted
Jack and I spend much of our day discussing the latest in tech with our partners and figured why not extend that conversation to our friends on the internet. Let us know what you think!!
After 58 episodes of Uncapped it was time for a little format refresh.
Benchmark Breakfast, where @EverettRandle and I will talk about whatever's on our mind or in the news as though it's our monday partner meeting. Sometimes with guests sometimes without.
Here's the first one, let us know what you think 🤗
(0:00) Intro
(0:45) Introducing Benchmark Breakfast
(2:09) Anthropic S-1 drops
(3:59) The revenue vs. compute chart
(6:19) Growth volatility and consumption-based revenue
(7:11) The race for the best model
(10:21) Code gen saturation and software factories
(13:39) The AI-bottleneck trade
(17:39) Code gen as the most impactful PMF in history
(21:27) Durability is hard to call
(23:36) Investing in the trend vs. calling the next one
(26:09) Circular revenue vs. outside customers
(28:15) Open source vs. closed source steelman
(34:25) Own your intelligence
(36:29) Open source as a % of frontier spend
(40:52) AI and cybersecurity
(44:35) Abliterated models
(48:08) Bio, robotics, and physical abundance
(51:52) Why physical feedback loops are slower
(54:12) Ev’s dad and the promise of bio
(55:13) Halloween plans and the iPhone Duo
Benchmark retweeted
After 58 episodes of Uncapped it was time for a little format refresh.
Benchmark Breakfast, where @EverettRandle and I will talk about whatever's on our mind or in the news as though it's our monday partner meeting. Sometimes with guests sometimes without.
Here's the first one, let us know what you think 🤗
(0:00) Intro
(0:45) Introducing Benchmark Breakfast
(2:09) Anthropic S-1 drops
(3:59) The revenue vs. compute chart
(6:19) Growth volatility and consumption-based revenue
(7:11) The race for the best model
(10:21) Code gen saturation and software factories
(13:39) The AI-bottleneck trade
(17:39) Code gen as the most impactful PMF in history
(21:27) Durability is hard to call
(23:36) Investing in the trend vs. calling the next one
(26:09) Circular revenue vs. outside customers
(28:15) Open source vs. closed source steelman
(34:25) Own your intelligence
(36:29) Open source as a % of frontier spend
(40:52) AI and cybersecurity
(44:35) Abliterated models
(48:08) Bio, robotics, and physical abundance
(51:52) Why physical feedback loops are slower
(54:12) Ev’s dad and the promise of bio
(55:13) Halloween plans and the iPhone Duo
Benchmark retweeted
Founded by three 22-year-olds in 2023, @mercor crossed $2B ARR in June, only 4 months after hitting $1B.
Today, millions of experts on the platform bring their knowledge of medicine, law, engineering, and beyond to frontier AI - helping models take on increasingly complex and consequential work in the real world.
Mercor's engineers move at extraordinary speed.
They give Devin long-running tasks before bed, during meetings, or on their way to the gym. They come back to tested features and PRs ready to merge.
Benchmark retweeted
Earlier this week, we announced our Series E. These are my thoughts on how we got here, and where we go next.
legora.com/blog/scaling-fast…
Benchmark retweeted
Today Monaco is launching Agent Matrix.
Monaco unleashes countless agents working together, goal seeking, with one outcome in mind: accelerate revenue growth.
If you don’t have an army of agents working 24/7 to accelerate revenue growth, you’re living in the past.
Apply for early access now.
Benchmark retweeted
From Benchmark leading the seed to an $8.8B valuation in 2.5 years, the Legora team has led the industry by bringing the best products to lawyers around the world. Thrilled to be joined by our friends at Atreides, Baron Capital, Capital Group, Fidelity, JPM, and many others!
We have raised a $550M Series E at an $8.8B valuation, led by Atreides.
Every major existing investor is back in, and we’re welcoming Baron Capital, Capital Group, Fidelity, Glade Brook and J.P. Morgan. We picked investors who think in decades. Several of them work with law firms and legal teams every day, so they can see where the work is heading.
Lawyers are moving from AI assistants to agents that do multi-step work. The money goes there. We’re growing our teams across North America, Europe, Latin America and Asia-Pacific, and going deeper on the Legora aOS.
Thank you to the 1,000+ people at Legora, and to the 140,000 legal professionals who use what we build.
I say this a lot because I believe it: it’s the best time in history to be a lawyer. We're thankful to be a part of it.
Full story: legora.com/blog/series-e