Hebbia Raises $130M Series B Led By a16z

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130M Series B from Andreessen Horowitz, Index Ventures, Google Ventures, and Peter Thiel.

Hebbia is the AI platform for knowledge work used by leading finance, law, and Fortune 500 companies. The product orchestrates “AI agents” that accurately tackle the most complex tasks by breaking them down into understandable actions. Users can collaborate with AI to extract, structure, and analyze millions of documents at scale, allowing for full workflow automations with generative AI.

Hebbia is already deployed at scale at the world’s leading asset managers, law firms, banks and Fortune 100 companies.

Hebbia’s customers have already redefined how they work— creating analyses in Hebbia that were never before possible:

• During the SVB crisis, asset managers instantly mapped exposure to regional banks across millions of documents
• While filing proxy attacks, activist investors found inconsistencies across more 8Ks than humans alone could process
• Corporate lawyers gained a negotiation edge by quantifiably encapsulating “market” terms in real time
• And thousands of ad hoc AI agents priced private assets more effectively, ran new kinds of diligence, screened more opportunities.

George Sivulka, Founder & CEO at Hebbia AI, comments: “I’m incredibly proud of the Hebbia team. Over the last 18 months, we grew revenue 15X, quintupled headcount, drove over 2% of OpenAI’s daily volume, and laid the groundwork for customers to redefine how they work.

But I’m even more proud of the mission we wake up every day to tackle: At Hebbia, we believe we’re building the most important software product of the next 100 years. We’re not settling for anything less.”