Why Investors Are Flooding Hebbia with Nearly $100M

Hebbia, a startup founded in 2020 by George Sivulka during his PhD at Stanford, has raised nearly $100 million in a Series B funding round led by Andreessen Horowitz, valuing the company between $700 million and $800 million. Hebbia uses generative AI to scan and search large volumes of documents, providing specific answers from sources like PDFs, PowerPoints, spreadsheets, and transcripts. The main clients include financial service firms such as hedge funds and investment banks, though the technology also suits law firms and other professional fields. This recent funding brings Hebbia's total capital to over $120 million, building on a $30 million Series A round in September 2022 led by Index Ventures and Radical Ventures.

Learn more on this news visit us at: https://greyjournal.net/news/

Hosted on Acast. See acast.com/privacy for more information.