How Benchmark uses Reducto to Build the First-Party Data Engine for $1 Trillion in Assets
Blog post from Reducto
Benchmark, an AI-native investment platform, originally launched as BidSight, now assists firms managing approximately $1 trillion in assets by transforming deal flow management into a strategic advantage through the capture and normalization of data, even from unclosed deals. The platform, which evolved from its initial real estate project management focus, discovered significant potential in the investment sector due to document chaos and high stakes at every diligence stage. Benchmark addressed document parsing challenges by partnering with Reducto, enhancing their ability to process over 3.5 million pages annually and ensuring scalability without increasing headcount. A standout feature is the Document Builder, which reduces document creation time significantly by allowing users to reference and edit existing documents with AI-generated content that is traceable to original sources. This innovation, coupled with the platform's ability to generate rich first-party datasets, enables firms to consistently learn and improve investment strategies. By leveraging their team's expertise in private equity and investment banking, Benchmark is poised to further advance its capabilities, driven by improved models and a deep understanding of user needs, ultimately enabling faster and smarter decision-making processes.