Artificial intelligence company Hebbia has closed a nearly $100 million Series B funding round led by top Silicon Valley VC firm Andreessen Horowitz. The AI platform uses cutting-edge deep learning to surface critical insights from vast troves of documents, enabling professionals to make better decisions through comprehensive yet targeted information retrieval.
Founded in 2020, Hebbia was created by AI researcher George Sivulka to streamline information discovery for finance professionals who spend long hours sifting through SEC filings and other dense compliance materials. The startup's proprietary models can scan billions of documents simultaneously, including PDFs, spreadsheets and transcripts, to provide direct answers to complex queries.
Rather than attempting to replace human judgment, Hebbia aims to empower experts through augmented intelligence. With the ability to rapidly analyze petabytes of unstructured data, the platform delivers precisely relevant results that save users significant time. Customers in banking, investing and legal domains now leverage Hebbia to more efficiently decode key facts buried within regulatory briefings, contracts and professional literature.
This latest funding round, which values Hebbia at $700-800 million, will fuel the company's continued growth supporting Wall Street and beyond. Investors included top VC firm Andreessen Horowitz, which led the Series B, alongside previous backer Index Ventures. The proceeds will also power ongoing research and development of Hebbia's AI techniques. With total funding now exceeding $120 million, the startup is well positioned to scale its innovative document exploration solution globally.
