The Brutalist Report

Techmeme

• Sources: Benchmark raised $2B across two new funds, including a $1.25B fund for late-stage bets, its first growth fund after decades focusing on new startups (Kate Clark/Wall Street Journal) [40d]
• Sources: Lila Sciences, which uses AI tools to speed up the rate of scientific discovery, is in talks to raise a $2B Series B at an expected valuation of ~$8.5B (Bloomberg) [40d]