Harvey, the legal AI company, said on July 16, 2026, that it had acquired Benchmark, a New York startup that builds what it calls decision infrastructure for asset managers: software that captures what an investment firm has learned from past deals and applies it to new ones.
Terms were not disclosed. Benchmark's co-founders, Alec Dunn and Connor Janson, and their team are joining Harvey's product and engineering organization, and Harvey said Benchmark's capabilities will be built into its own platform.
Harvey said keeping service running for existing Benchmark customers was a top priority and that the two companies were working on a plan to do so. It is Harvey's third acquisition of 2026.
What Benchmark built
Benchmark's platform is designed to turn a firm's history of deals into something usable during the next one. Investment teams accumulate memos, models and judgements over years, and IT Brief reported that much of that knowledge stays in folders or with individual people. Benchmark aims to capture it and bring it to bear from the first screening of a deal through to the materials prepared for an investment committee.
Harvey said the platform was already in use at firms representing more than $2 trillion in assets under management. Neither company named those firms or said how many customers Benchmark had.
The founders described their motivation in their own announcement, saying they started the company because a firm's advantage sits in the deals it has already seen.
“When we asked our asset management customers which tools they trusted, Benchmark came up in nearly every conversation.”
Why Harvey is buying
Harvey is best known for AI tools used by law firms and in-house legal teams, but it has been building an asset management business. Harvey's announcement said it works with more than 125 asset management firms, while IT Brief and Artificial Lawyer put the figure at 50; the named clients include Blue Owl Capital, Bridgewater Associates and KKR, which use Harvey for investment due diligence, data room analysis and deal document review.
Benchmark extends that work across the whole deal process, from the first screen to the investment committee, Harvey said. Chief executive Winston Weinberg said Benchmark came up in nearly every conversation when Harvey asked its asset management customers which tools they trusted, and that both companies share the view that a firm's edge is its institutional knowledge.
Weinberg told Artificial Lawyer that the deal was aimed at legal work tied to asset management rather than a move away from legal. Harvey said the Benchmark capabilities would benefit all of its customers, not only investment firms.
The founders and the funding
Benchmark was co-founded by Alec Dunn and Connor Janson and was backed by Y Combinator and the Outsiders Fund. The companies did not disclose how much Benchmark had raised or how many people work there.
Dunn and Janson said the two companies already shared customers and called Harvey one of the best application-layer companies in AI.
What happens to Benchmark customers
Harvey said the two companies were working together on a plan for existing Benchmark customers and that continuity of service was the top priority. It did not say whether Benchmark would continue as a separate product or how long the current platform would run.
Benchmark's capabilities will be integrated into Harvey's platform. Because the two companies already have customers in common, some investment firms will see the tools combined in a product they already use. Both companies said security, compliance and serving highly regulated industries were central to how they work.
A legal AI company on a buying run
The acquisition followed what Harvey described as a record second quarter, in which it added more than $100 million in net-new annual recurring revenue. Harvey has used acquisitions in 2026 to widen its product, and Benchmark is its third deal of the year.
Artificial Lawyer noted that Harvey's main rival, Legora, has also bought several smaller startups. Both companies are competing to sell AI tools into regulated industries, and Harvey and Benchmark said in their announcement that security and compliance were central to serving those customers.
