Benchmark

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Benchmark is a San Francisco venture capital firm that raised about $2B in 2026, including a $750M flagship fund and its first $1.25B growth fund. Recent coverage centers on TechCrunch Disrupt 2026, where all five general partners appeared on stage and said the AI boom makes the venture rule against backing direct rivals harder to keep, citing shared OpenAI and Anthropic investors and the conflict between Factory and Cognition.

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