Hebbia Raised $130M Series B Funding Round

Hebbia Raised $130M Series B Funding Round

Hebbia has successfully raised $130 million in a Series B funding round led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel. This investment aims to advance Hebbia’s mission of transforming AI into a practical and powerful tool for the knowledge worker.

While AI technology has long promised to revolutionize the way people work, that potential has yet to be fully realized. Hebbia’s innovative approach seeks to bridge this gap by creating the “human layer” – the product layer – to AI. The company’s vision is to develop AI that functions more like a human, capable of handling complex tasks and large datasets with the flexibility and transparency of a spreadsheet or human analyst.

Hebbia’s AI technology is designed to integrate seamlessly into existing workflows, allowing users to instruct AI agents to complete tasks as they would themselves. This capability has already been adopted at scale by leading asset managers, law firms, banks, and Fortune 100 companies. For example, during the SVB crisis, asset managers used Hebbia to map exposure to regional banks across millions of documents instantly. Activist investors filing proxy attacks identified inconsistencies across numerous 8K filings, and corporate lawyers gained a competitive edge in negotiations by quantifiably encapsulating market terms in real-time.

Hebbia’s impact extends across financial markets and professional services, where its AI agents have priced private assets more effectively, conducted new types of due diligence, and screened opportunities with unprecedented efficiency. The company believes that the financial and professional sectors are on the brink of significant disruption due to AI advancements.

Over the past 18 months, Hebbia has seen remarkable growth, increasing revenue 15-fold, quintupled its headcount, and driving over 2% of OpenAI’s daily volume. The company’s achievements lay the groundwork for customers to redefine their work processes and leverage AI’s full potential.

Hebbia’s CEO expressed immense pride in the team’s accomplishments and the mission they pursue daily. The company is committed to building the most important software product of the next century, aiming to contribute more to global GDP than any human workforce.

Hebbia invites those interested in experiencing the future of AI-driven work to demo their innovative solutions and join the forefront of this transformative change.

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