Harvey just swallowed Benchmark whole, and the legal AI space is basically playing Factorio with acquisitions at this point. The New York-based platform handles document reading, investment summaries, and agreement scrutiny for asset managers, which slots perfectly into Harvey's existing work with over 125 firms like Blue Owl Capital, Bridgewater, and KKR.
Benchmark's co-founders Alec Dunn and Connor Janson built the thing back in 2022 after realizing deal knowledge kept getting locked in random folders and people's brains. Their client base sits on more than $2 trillion in combined AUM, and Y Combinator backed them early on alongside the Outsiders Fund.
And Harvey's been on an absolute tear this year. They grabbed Hexus and Lume in separate deals, linked up with Swiss startup DeepJudge, and posted $100 million in net-new ARR in a single quarter. A $200 million round pushed their valuation to $11 billion, with GIC and Sequoia co-leading alongside Andreessen Horowitz, Kleiner Perkins, and the usual VC suspects.
Benchmark's co-founders Alec Dunn and Connor Janson built the thing back in 2022 after realizing deal knowledge kept getting locked in random folders and people's brains. Their client base sits on more than $2 trillion in combined AUM, and Y Combinator backed them early on alongside the Outsiders Fund.
And Harvey's been on an absolute tear this year. They grabbed Hexus and Lume in separate deals, linked up with Swiss startup DeepJudge, and posted $100 million in net-new ARR in a single quarter. A $200 million round pushed their valuation to $11 billion, with GIC and Sequoia co-leading alongside Andreessen Horowitz, Kleiner Perkins, and the usual VC suspects.
