Benchmark focuses on early-stage venture investing in consumer, marketplaces, open-source, AI, infrastructure, and enterprise software.

Benchmark retweeted
Cognition has crossed $1B in annualized revenue run rate. This milestone belongs to our customers. Here's how a few of them are building with Devin.
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Benchmark retweeted
Numeral is solving the complexity of sales tax for thousands of businesses around the world with AI. The growth and execution from this remarkable team has been terrific. Thrilled to have invested in every round since we led the Series A.
Numeral has raised a $100M Series C, led by Insight Partners with participation from Salesforce Ventures, Benchmark, Mayfield, Uncork, Y Combinator, FCVC, and Geodesic. This brings our total funding to $157M. @numeral solves U.S. sales tax, VAT, and GST compliance for 3,500+ global businesses, trusted by companies like Supabase, Eight Sleep, and Graza. We’re building the future of tax -- where AI agents, human expertise, and global compliance come together in one system. Since starting the business in 2023, we’ve grown quickly across our core e-commerce and software segments, while expanding into new industries including manufacturing, distribution, and wholesale. There is a lot of work in front of us. Sales tax is more dynamic than ever, with states like California implementing new taxes on software and more states using AI for enforcement. We are hiring across the org from engineering to product, sales, and marketing. And we’ve just opened our new office in NYC. If you are looking for what’s next, I’d love for you to take a peek at our careers page. Excited for the year ahead. And humbled to be working with investors like @insightpartners, @rebeccaliudoyle, @SalesforceVC, @katiessschwartz, @ZKokosa, @MayfieldFund, @SPangulur, @benchmark, @chetanp, @ycombinator, @gustaf, @uncorkcap, @susanwliu, @GeodesicCap, @arvindayyala, @FundersClub, @mittal, @mantisVC, @AlexPallNY, @ShaanVP, @lennysan, @moizali, @ringmybeller, @khency6, @asturnerr, @maariabajwa and so many others.
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Benchmark retweeted
Legora has gone $1M to $200M ARR in less than 24 months continuing to set a speed record for the fastest ever to do it with a direct sales motion. With the best product, this remarkable team continues to define AI for legal teams. Thrilled to have backed them from the seed round.
Getting from $1M to $100M in ARR took us 18 months. The second hundred took less than six. Last week @WeAreLegora passed $200M. 130,000 lawyers now use Legora on a monthly basis, across 2,100 firms and legal teams in more than 80 countries. Two things from this year I would not have predicted: The first is how fast the US moved. 18 months ago we had no office in North America. Today over half of the AmLaw 50 work with us, out of our offices in New York, Denver, Chicago, Houston, San Francisco and Toronto. The US is our largest market by revenue. The second is where the demand is coming from. More than 40% of our new customers are now in-house legal teams, including Air Canada, Salesforce and Palo Alto Networks. Two thank-yous, before we get back to work. To our customers, who backed a small company from Stockholm with a lot to prove, and who still tell us plainly when we get something wrong. And to the team, engineers and lawyers sitting next to each other, who turn that into something better, faster than any group I have worked with.
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Benchmark retweeted
People often ask me what books and podcasts I recommend for learning about AI. The truth is, I learn most about the future of AI and the data market through conversations with leading AI researchers. I want to make more of those conversations available to everyone, so I’m starting a podcast interviewing the people shaping the frontier of AI. More soon 👀
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Benchmark retweeted
We're welcoming Salesforce to Legora. Salesforce has adopted Legora across its Legal and Corporate Affairs organization, in North America, EMEA, and APAC, complementing its use of Agentforce and Slack. This is what an AI-native legal function looks like in practice: a connected stack built for real legal work, at scale. “AI is reshaping how legal teams operate, and with Slack and Agentforce we're building an AI-native, trust-first legal function that empowers our team to work more efficiently and focus their time where it can have the greatest impact. Adding Legora to our transformation portfolio gives our team additional legal tools to support research, drafting, and other workflows, so they can spend more time on the work that requires their expertise and judgment,” said Erica Swainson, VP, Legal Innovation & Strategic Initiatives, Salesforce. With Legora, Salesforce's legal team will stay ahead of an evolving regulatory landscape, apply consistent negotiating positions at scale, and handle more research and drafting directly, with lawyers staying in control where judgment is required. That's the Legora aOS: a single connected system of AI tools that plans, executes, reviews, and delivers legal work end to end.
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Benchmark retweeted
What an endorsement for @Benchmark from @Cerebras CEO @AndrewdFeldman: “Benchmark was and extrodinary partner” Were early on our journey but this has also been my experience with Benchmark and @ChetanP 👌 @jaltma, @EricVishria
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Benchmark retweeted
🪳Today we're introducing Cockroach Continuum, built for an era when agentic applications are growing database estates faster than any team can manage by hand 🧵👇
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Benchmark retweeted
New episode of Uncapped with the founder of Cerebras @andrewdfeldman and my partner @ericvishria. We talked about the company's winding road to success, the market around chips, the current state future of the AI supply chain, the role of investors and Eric's relationship with the company, and more. This was one of my favorites, hope you enjoy. Timestamps: (0:00) Intro (1:07) Why Andrew started Cerebras in 2016 (2:54) Eric on investing without experience in chips (4:10) Attacking Goliath (9:44) Near-death experiences and the valley of death (10:44) 18 months of "still can't make it" (12:16) Solving a 75-year-old compute problem (13:26) What comes after wafer scale (16:19) The chip supply chain explained (22:30) Why the US punted a strategic industry (25:51) How to be a good hardware board member (27:50) Hardware vs. software investing (29:05) The pivot from training to inference (27:00) Specialization vs. flexibility (35:22) Building effective teams for chips (39:14) External relationships and TSMC (42:20) The AI infrastructure buildout (44:12) The data center supply chain (53:14) Speed creates markets (54:10) Disaggregation with AMD and AWS (55:24) What actually makes Nvidia great (57:30) Near-death experiences (59:58) Andrew's childhood next to William Shockley
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Benchmark retweeted
Series A to $500m run rate revenue in 11 months! Extraordinary team and remarkable product!
It's been amazing to see all the new users to fomo over the past few months We now have 2.5 million users, many of which have joined us recently We've done over $500mn in annualized revenue over the past 30 days We've paid out $10mn to fomo creators in the past 2-3 weeks alone
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Benchmark retweeted
Data we are seeing at Legora is that as law firms and legal teams adopt Legora, they become far more efficient and decide to expand their teams to pursue new business opportunities and functions. A great reminder that the world is not zero-sum.
Every journalist asks me a version of the same question. Will AI mean fewer lawyers? Our customers are hiring more of them. Put complexity of the task on one axis and volume on the other. Low-complexity, high-volume work moves to agents, and that pushes the pyramid up. More of the hard work gets done, because someone finally has the capacity to do it. Then there is demand. When something gets faster and better, the world asks for more of it. Jevons noticed it in 1865. Better steam engines made Britain burn far more coal. That was coal, not law, but the mechanism is the same. More M&A, more disputes, more regulatory work, more companies being started. The pie is growing. An independent study interviewed 30 firms across the AmLaw 200, Magic Circle and top international firms. 42% said Legora has helped them win new work, directly or indirectly. 45% said the same about expanding relationships with clients they already had. 39% have taken on matters that would previously have needed more people, more time, or a no. One firm in that study went through a corporate client's entire technology supply chain, every contract, to work out what they were paying and where. A human team would have needed weeks and the cost would have killed the project before it started. With Legora it took four to five days. Their own summary: it was work that we would not have done in the past. The work was not economical before, so nobody did it and nobody billed for it. Now it gets done, and someone has to do it.
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Benchmark retweeted
I co-founded Opendoor ($10B+ rev). Today, I’m launching Summation. We raised $35M from Benchmark & Kleiner Perkins to build an AI analyst you can trust. Here’s where Claude and ChatGPT fall short: 🧵
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Introducing Gumball Model agnostic, proactive, self improving. All in your company’s private cloud
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Benchmark retweeted
This one feels special - a lot of folks on this list we've admired for years and now finally get to work with. Above all I'm grateful for the incredible team that we have. Every day at Cog still feels like getting in a room together and trying to build something great. Also, grateful that Devin is actually good now. Would have looked really dumb otherwise.
The world needs far more software than it can build. Cognition exists to change that. We’ve just raised over $2B at a $48B valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir. Since our round in May, run-rate revenue has grown from $492 M to almost $900 M.
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Benchmark retweeted
Cognition is the first investment in our first dedicated growth fund. When we discussed the fund’s strategy, we agreed that we wanted to focus solely on companies that were still only 1% of the way through their journey despite being at growth-stage scale, and had a shot at becoming trillion dollar businesses. Cognition fits the bill entirely and we have been blown away by the momentum and the scope of their ambition
The world needs far more software than it can build. Cognition exists to change that. We’ve just raised over $2B at a $48B valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir. Since our round in May, run-rate revenue has grown from $492 M to almost $900 M.
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Benchmark retweeted
Jake and the entire Legora engineering team has built remarkable technology from harnesses, routers, and more. Excited to see Jake share more publicly about the underlying technology that has powered Legora to be one of the fastest growing software companies of all time!
Performance and $$ depend hugely on harness design. In vertical AI, the gains from a great specialized harness >>> gains from more expensive model inb4 kimi has quirks - @runta can you try with a diff model also frontierharness.org/
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Benchmark retweeted
Perhaps my toughest and most surprising lesson on chip startups is you need to believe the new approach can be 50–100x better than incumbents today on some important metric (performance, cost, efficiency, whatever). That’s a ridiculously high bar. The brutal math: 4–5 years to reach production scale. Incumbents improve ~2x/year, so they’ll be 16–32x better by then. And the startup still needs another ~3x to overcome ecosystem, switching costs, skepticism and inevitable lack of optimizations. 10x better than today sounds extraordinary… and yet isn’t nearly enough. Hardware is hard.
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Benchmark retweeted
Truly remarkable momentum at Legora. Q3 ARR goal hit one month early in August! With the best product and team in the market, Legora is delivering the promise of AI to legal teams around the world.
The momentum continues at @WeAreLegora ...we beat our original Q3 '26 plan a full month early. July was the strongest quarter-opening month in Legora's history, and August was even larger. Total net new ARR grew 36% MoM. But the story of the month is in-house teams. ARR from in-house is up 15x+ YoY, average ARR per in-house customer is up 2.5x+ YoY, and in-house teams are now almost half of our total new customers. Most importantly, you earn ARR by building the best product on the market. Our usage climbs every month: 16+ hours per monthly active user. In September, we expect to add more ARR than in all of Q1 '26 combined, which would make Q3 the best quarter in our history and capture yet another ARR milestone. LFG!
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Benchmark retweeted
We are excited to announce our acquisition of @Mobulaio's technology and team! This acquisition will enable fomo to own and improve critical infrastructure as we approach $250m in daily spot volume and 2m+ users. Welcome @NBMSacha and @sacha_io to the fomo family.
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Benchmark retweeted
When we launched the Legora aOS in May, the commitment was that legal work could run end to end in one system. A matter at a firm, a request from the business in-house, the shape is the same: intake, research, review, drafting, and something going back to whoever asked. You cannot make that true only by building more of your own software. Some of the work already lives somewhere else. So since early spring we have announced integrations with iManage, NetDocuments, Box, Intapp, Everlaw, DeepJudge, Docusign, Ironclad, Datasite, Intralinks, Avvoka, and Jus Mundi. Document management, e-discovery, e-signature, deal rooms, contract lifecycle, arbitration research, contract drafting, institutional knowledge, time capture. Several are already available to customers, with the rest to follow over the next few months. A legal team can touch around 10-15 tools in a normal week and almost none of them talk to each other. Here is how I think about it. I have around 100 apps on my phone and I use three or four of them every day. The rest I open twice a year, and on those two days I need them more than anything else on the screen. Legal work is the same. Few people run a data room integration every week. But on the Tuesday you are in one, it is the only thing that matters. We want to be the platform that has everything, so that when you need it, it is already there. More over the coming weeks.
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