Harvey has acquired Benchmark, a New York-based decision infrastructure platform that helps asset managers capture institutional knowledge and apply it throughout the investment process. Financial terms of the transaction were not disclosed. Benchmark co-founders Alec Dunn and Connor Janson will join Harvey’s product and engineering organization alongside the company’s broader team.
The transaction represents Harvey’s third acquisition of 2026 and follows a record second quarter in which the company added more than $100 million in net-new annual recurring revenue.
Harvey said the acquisition will accelerate its expansion in asset management, where the company already works with more than 125 firms.
Its asset management customers include Blue Owl Capital, Bridgewater Associates and KKR.
These firms use Harvey for workflows such as investment due diligence, data room analysis and deal document review.
Benchmark expands Harvey’s capabilities across more stages of the investment process, beginning with the initial screening of an opportunity and continuing through the investment committee decision.
Investment firms review large amounts of information when evaluating potential transactions. This material can include financial statements, industry research, management presentations, legal documents, customer data and information from previous deals.
However, some of the most valuable knowledge within an investment firm may not exist in a structured or easily searchable format.
It may remain in employee notes, archived documents, email conversations, investment committee materials or the experience of individual professionals.
Benchmark was designed to capture that institutional knowledge and make it available when investors evaluate new opportunities.
The platform helps firms organize what they have learned from previous investments, companies and market segments so those insights can inform future decisions.
For example, an investment team examining a new company could compare the opportunity with similar businesses reviewed in the past, identify recurring risks and retrieve the reasoning behind earlier investment decisions.
This process can help firms avoid repeating research, preserve knowledge when employees change roles and provide investment teams with a more complete view of their historical experience.
Benchmark’s platform is used by firms representing more than $2 trillion in assets under management.
The company’s investors include Y Combinator and the Outsiders Fund.
Harvey believes Benchmark’s capabilities complement its existing AI platform and could help asset managers use their proprietary information more effectively.
The combined platform could support workflows involving deal sourcing, initial screening, due diligence, document review, investment committee preparation and the evaluation of portfolio opportunities.
Benchmark can help organize a firm’s historical investment knowledge, while Harvey can assist users with analyzing documents, answering questions and completing complex professional workflows.
Together, these capabilities are intended to create a more connected system for evaluating deals from the earliest review through the final investment decision.
The acquisition also reflects Harvey’s broader expansion beyond its original position in legal AI.
Harvey develops AI tools for professional services and highly regulated industries where users need to analyze large volumes of sensitive information while maintaining strong security and compliance standards.
Asset management represents a natural extension because investors frequently work with legal documents, financial information, research materials and confidential company data.
Harvey’s platform can help professionals review these materials and produce summaries, comparisons and other work products more efficiently.
Benchmark adds a specialized product focused on how investment firms preserve and reuse the knowledge created through previous transactions.
This can become increasingly important as firms evaluate more opportunities and expand across industries, geographies and investment strategies.
Investment professionals may review hundreds of potential transactions while completing only a small percentage of them.
Even deals that are rejected can produce valuable information about companies, markets, valuation expectations and competitive dynamics.
Without a system for capturing that work, firms may lose insights generated during months of research and analysis.
Benchmark seeks to turn those historical materials into a reusable source of intelligence.
Harvey said Benchmark was frequently identified by its asset management customers as a trusted tool, which helped support the decision to acquire the company.
The companies also share existing customers, creating opportunities to integrate their products within investment firms already using both platforms.
Harvey and Benchmark are developing a transition plan intended to preserve continuity of service for Benchmark’s current customers.
The companies identified security, compliance and support for regulated industries as shared priorities.
Harvey expects Benchmark’s platform capabilities to benefit its broader customer base, although the immediate strategic focus is on expanding services for asset managers.
The acquisition gives Harvey an established product, specialized engineering talent and relationships with investment firms managing substantial portfolios.
For Benchmark, joining Harvey provides access to a larger product organization, greater development resources and a broader customer base.
The combination is intended to help investment firms transform internal knowledge into a more durable competitive advantage while applying AI throughout the deal process.
KEY QUOTES:
“When we asked our asset management customers which tools they trusted, Benchmark came up in nearly every conversation. Benchmark is built on a conviction we share: a firm’s edge is its institutional knowledge, and AI should help firms capture that knowledge and apply it. We’re proud to welcome Benchmark to Harvey.”
Winston Weinberg, CEO of Harvey
“We started Benchmark because a firm’s edge lives in the deals it has already seen, and too much of that knowledge stays trapped in folders and in people’s heads. We’ve helped some of the best investment firms in the world put that knowledge to work. Harvey is one of the best application-layer companies in the AI space, and we already have shared customers, so this is a natural fit.”
Alec Dunn and Connor Janson, Co-Founders of Benchmark
