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)

Kate Clark / Wall Street Journal: 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 — After a late-stage bet on Cerebras delivered big returns, Benchmark decided to raise its first-ever growth fund