Venture capital fund · 2 deals
Every published round Benchmark took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Sierra | Series D+ | 4 May 2026 | $950m | Participant | groundy.com, faq.com.tw, theaiworld.org, cmswire.com, aivy.com.au, techbuzz.ai, TechCrunch Venture | |
| Starcloud | Series A | Mar 2026 | $170m | Lead | SpaceNews, Tech Funding News - Australia |
Companies Benchmark has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Benchmark, as distinct from the investments it has made.
Companies Benchmark has backed that another company then bought. An exit for the holding, not a deal Benchmark did.
Stories naming Benchmark. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Analysis of Sierra's $950 million raise at a $15 billion valuation with Tiger Global and GV at the lead, weighing its revenue multiple, Fortune 50 customer lock-in, and competition from OpenAI and Anthropic's ventures.
Analysis of Lightspeed Venture Partners' 2026 close of three funds totalling nine billion dollars, its backer base, AI allocation, portfolio outcomes and comparisons with other big venture firms.
Sierra, the enterprise AI agent firm started by Bret Taylor and Clay Bavor, has banked a $950 million Series E with Tiger Global and Google Ventures at the helm, plus Benchmark, Sequoia and Greenoaks.
Also TechCrunch Australia·aivy.com.au·cmswire.com·theaiworld.org·faq.com.tw·groundy.com
Sierra has announced a $350 million Greenoaks-led round at a $10 billion valuation. The enterprise AI agent company previously took money from Sequoia, Benchmark and Greenoaks.
Agentio announces a $12m Series A with Benchmark leading and earlier backers Craft and AlleyCorp returning, taking the creator-advertising platform's total funding to $16.25m.