Benchmark — 2025 Investments

Numeral provides a platform for sales tax and VAT compliance, helping e-commerce brands and SaaS companies register for and manage tax obligations across multiple jurisdictions.

E-commerceEnterprise SoftwareFintechSaaSSan Francisco, US

MDMatt DuVall(CTO)inSRSam Ross(Founder)inCamille Tyan(Founder)Edouard Mandon(Founder)Hichem Mâalmi(Founder)Jake Moffatt

Board seatChetan Puttagunta· per SEC Form D

Co-investorsFUFundersClubGEGeodesic CapitalMAMantis CapitalMAMayfield FundSASalesforce VenturesUNUncork Capital+13 more

Uses a Whole Body Digital Twin to help people manage and reverse chronic metabolic disease.

AI & Machine LearningDigital HealthHealthtechMountain View, US

JMJahangir Mohammed(Founder)inTPTerry Poon(Co-founder, EVP and Chief Technology Officer)inMMMaluk Mohamed(Co-founder, VP Research and Head of India)inJBJennifer Bealer(Executive Officer)inECEric Carlson(Executive Officer)inLisa Shah, MD(EVP and Chief Medical Officer)

Board seatBDBruce Dunlevie· per SEC Form D

Co-investorsABAble PartnersCOCorner VenturesDADag VenturesHEHelenaICICONIQICICONIQ Growth+6 more

Applied Compute builds proprietary AI agents trained on enterprise-specific workflows and data that continuously improve through real-world usage.

AI & Machine LearningCloud ComputingDeep TechEnterprise SoftwareSan Francisco, US

Yash Patil(CEO)inRhythm Garg(Founder)inLLLinden Li(Founder)in

Co-investorsKLKleiner PerkinsNENeoABAbstract VenturesCOConversion CapitalLULux CapitalNENeo+9 more

Capital 49 is a venture capital firm investing in fintech, AI infrastructure, and SaaS companies globally.

AI & Machine LearningEnterprise SoftwareFintechSaaS

JZJack Zhang(CEO and co-founder of Airwallex)inChrisPhilipp

Co-investorsRARadar VenturesABAbstract VenturesATAthletic VenturesBABattery VenturesEMEmergence Capital PartnersOPOpenAI Startup Fund+6 more

Chainguard provides minimal, zero-CVE container images built from source with full build-time SBOMs, code signatures, and FIPS-validated cryptography to help vendors meet PCI DSS and other security compliance requirements.

Cloud ComputingCybersecurityDeveloper Tools

MMMatt Moore(Founder)inDLDan Lorenc(Founder)inVAVille Aikas(Founder)inKim Lewandowski(Founder)MMMatthew Moore(Founder)inScott Nichols(Founder)

Co-investors13137 Ventures51515 VenturesALAlpha PartnersAMAmplify PartnersGEGeneral CatalystINIn-Q-Tel+10 more

Open-weight frontier AI lab developing hybrid reasoning language models and iterative self-improvement methods on a path toward general superintelligence.

Developer ToolsSan Francisco, US

Dhruv Malhotra(Founder)Dhruv Malrana(Founder)Drishan Arora(Founder)in

BoardEVEric Vishria(Director; Benchmark General Partner)inSTSchuster Tanger(Director; TQ Ventures co-founder)inAditya Agarwal (support acknowledged, no board role identified)(Board member (South Park Commons))

Co-investorsSOSouth Park CommonsATAtreides ManagementNENexus Venture PartnersTQTq Ventures Llc

Doji is a mobile app that lets users virtually try on designer fashion.

AI & Machine LearningConsumerRetail TechNew York City, US

Jim Winkens(Founder)inDDdorian dargan(Founder)inDorian Dargan(Founder)Jim Winkels(Founder)

Co-investorsDRDria VenturesSESeven Seven SixCACanaryLALaunch HouseOROriginsTHThrive Capital

Exa is an AI-powered search API that retrieves high-quality information from the web in real-time, designed for AI agents, developers, and applications that require precise natural-language search capabilities.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

WBWilliam Bryk(CEO)inJWJeffrey Wang(Founder)inWYWalden Yan(Co-Founder)MHMarcus Holm(Chief Revenue Officer)inDan McArdle(Founder)Jeff Wang(Founder)

Co-investors13137 Ventures4949 Palms VenturesANAndreessen HorowitzFEFelicis VenturesHAHaystackHEHelium-3 Ventures+29 more

Fal provides fast inference for generative AI models, particularly for image and video generation tasks like SDXL and Whisper.

AI & Machine LearningCloud ComputingCreator EconomyDeveloper ToolsSan Francisco, US

GYGorkem Yurtseven(Founder)inBGBurkay Gur(Founder)inBerkay Gur(Founder)

BoardSJSteve Jang(Director)inJLJennifer Li(Director)inGSGlenn Solomon(Director)in

Co-investors50500 Emerging EuropeALAlkeon InnovationANAndreessen HorowitzBEBessemer Venture PartnersCOCortical VenturesE2e2vc+18 more

Flock Safety provides a platform that connects neighborhoods, businesses, and law enforcement to share verified incident information and enable coordinated emergency response based on shared evidence.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareGovTechHardwareSaaSAtlanta, US

GLGarrett Langley(CEO)inMFMatt Feury(CTO)inPaige Todd(Founder)John Nystrom(Platform Lead)Tom Pethtel(Camera Software Lead)Megan Adcock(Megan)

Co-investorsA*A*ANAndreessen HorowitzANAnorak VenturesBEBedrockCOCoatue ManagementCRCRV (Charles River Ventures)+26 more

Greptile provides AI agents that review and test pull requests by constructing a graph index of the codebase and using a swarm of agents to detect code quality issues, security risks, and logical bugs across multiple files.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

DGDaksh Gupta(Founder)inSCSoohoon Choi(Founder)inVKVaishant Kameswaran(Founder)inVaishant Kameshwaran(Founder)Christine Han(Talent)Paloma Prudhomme(Operations Lead)

Co-investorsEIEight CapitalINInitialized CapitalOPOperator CollectiveY Y CombinatorZ-Z-FellowsBRBrowder Capital+7 more

LangChain provides an agent engineering platform and open source frameworks for developers to build, test, and deploy AI agents that can use data and take actions.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

HCHarrison Chase(Founder)inAGAnkush Gola(Founder)in

Co-investorsABAbstract VenturesAMAmplify PartnersANAnsa CapitalCACapitalGCICisco InvestmentsFEFelicis Ventures+11 more

Manus is an AI agent platform that automates complex workflows and business processes for teams without requiring additional headcount.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

RXRed Xiao(Founder)inTZTao Zhang(Founder)inJi Yichao(Founder)Xiao Hong(Founder)Xiao Hong Ji Yichao(Founder)Yichao Peak Ji(Founder)

Co-investorsFAFactorial FundsVOVocal VenturesZHZhenFundBOBoyu CapitalHOHongShan Capital GroupIDIDG Capital+1 more

Mercor is a platform that connects skilled workers with AI-related tasks and projects, organizing human intelligence to support the development and training of AI systems.

AI & Machine LearningB2B MarketplacesFuture of WorkSan Francisco, US

BFBrendan Foody(Founder)inAHAdarsh Hiremath(Founder)SMSurya Midha(Founder)inAHAdarsh H.(Founder)inSundeep Jain(Executive Officer)inFelix Mercierin

Co-investors2.2.12 Angels2020VCA*A*ALAlumni VenturesEAEastlink Capital PartnersEMEmergence Capital Partners+17 more

Reducto provides document processing APIs that parse, classify, extract, and edit data from documents at enterprise scale.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

AAAdit Abraham(COO)inRCRaunak Chowdhuri(CEO)inAdit Abraham Raunak Chowdhuri(Founder)Spence Hoffman(Recruiting Lead)Tiffany Siu(Head of Recruiting)Mark Terwilliger(Chief of Staff)

Co-investorsANAndreessen HorowitzAVavraBOBoxGroupFIFirst Round CapitalSVSV AngelWNWndrCo+2 more

Revel provides a software platform for hardware development and operation that unifies the entire product lifecycle from prototyping through scaled production.

Developer ToolsHardwareIoTLos Angeles, US

SMScott Morton(Founder, CEO)in

Co-investorsABAbstract VenturesCACarnrite VenturesCOCommodity CapitalFEFelicis VenturesINIndex VenturesRERedpoint Ventures+1 more

Tonka Bay-backed manufacturer of custom high-performance industrial paints and coatings, concrete treatments, sealants and decorative-concrete systems operating through the Fenix family of brands.

Minnetonka, US

TSTodd Schroeder(Former Chief Executive Officer; transition adviser)Edward O'Connor(Executive Officer)Peter Kirton(Chief Executive Officer)BUBryan Ulin(Chief Financial Officer)inRaymond Torres(Former Chief Executive Officer)

BoardTom Adamson(Manager)

Co-investorsAEAE Industrial PartnersCOCoatue ManagementGEGeneral AtlanticGRGreenoaksICICONIQMUMUFG+2 more

Statsig provides a feature management and experimentation platform that enables teams to control software releases through gradual rollouts and A/B testing.

Developer ToolsSaaSBellevue, US

Vijaye Raji(Founder)

Co-investorsICICONIQMAMadrona Venture GroupMAMadrona Venture LabsPAPathlight VenturesSCScribble VenturesSESequoia Capital+4 more

Summation provides an AI system, Addison, that connects to a company's financial data across ERPs, warehouses, and spreadsheets to produce verified, executive-ready financial reviews, decks, and analyses each cycle.

AI & Machine LearningEnterprise SoftwareFintechBellevue, US

IWIan Wong(Founder)inRamachandran R(Founder)

Co-investorsKLKleiner Perkins

Sunday builds household robots that learn from human demonstration to automate everyday tasks in real homes.

AI & Machine LearningConsumerHardwareRoboticsSilicon Valley, US

TZTony Zhao(Founder)inCCCheng Chi(Founder)inChristine de Wendel(Founder)Cindy Kua(Founder)Coulter Lewis(Founder)Joanne Ying Fei Kua(Founder)

Co-investorsBABain Capital VenturesBUBullishCOCoatue ManagementCOConvictionINInnoVen CapitalSCScribble Ventures+9 more

The Open Network (TON) is a blockchain ecosystem integrated into Telegram that connects payments, digital assets, and mini apps, with its native coin Gram used for fees, validation, and voting.

Crypto & Web3Fintech

PDPavel Durov(Founder)

Co-investorsDRDraper AssociatesDWDWF LabsFJFJ LabsGAGate VenturesHYHypersphere VenturesLVLvna Capital+10 more

Yard.bot provides recurring residential lawn care using robotic mowers overseen by human staff, offering mowing, trimming, edging, and clipping cleanup on a scheduled basis.

AgTechConsumerRoboticsTanner, US

DTDivya Thakur(Founder)in

Co-investorsHAHalogen Ventures Management Company Llc8V8VCB3B37 VenturesGOGOOSE CapitalINInterwoven VenturesNENew Enterprise Associates (NEA)+3 more