San Francisco, United States
Elite early-stage venture capital firm. Investor in Sierra and LangChain.
Starcloud announced on April 2, 2026 that it has raised a $170 million Series A at a $1.1 billion valuation, making it Y Combinator’s fastest-ever unicorn. The Redmond-based startup will use the capital to build orbital data centers designed to relieve the terrestrial energy bottleneck for large-scale AI compute.
AI chipmaker Cerebras Systems closed a $1 billion Series H round at a $23 billion valuation on February 4, 2026, led by Tiger Global with AMD, Benchmark, Fidelity and others participating. On February 7, MLQ.ai reported that Benchmark has layered at least $225 million into the round via two “Benchmark Infrastructure” vehicles, ahead of Cerebras’ planned Q2 2026 IPO and a $10 billion compute deal with OpenAI.([mlq.ai](https://mlq.ai/news/benchmark-capital-commits-225m-to-cerebras-in-ai-chip-funding-boost/))