Benchmark Adapts for AI Era

Benchmark is rewriting its playbook for the AI era, unveiling a $750M early-stage fund to chase bigger bets in capital-hungry startups like OpenAI and Anthropic. No longer confined to 20% stakes and Series A, they’re now investing earlier and later, backing AI firms like Gumloop and Monaco while cashing out big on Cerebras — a $3.25B exit that birthed a new growth fund for mega-investments. Fresh talent, including OpenAI’s CEO’s brother, joins the team, signaling that even this elite VC firm must adapt to win in the next wave of AI innovation.

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