Why Hebbia is the Next Big Thing in AI

Hebbia, an AI startup, raised $130 million in a Series B funding round led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel. This new funding round values the company at around $700 million. Hebbia, based in New York and founded in 2020, helps businesses analyze structured and unstructured data, enabling answers to complex business questions. Over the past 18 months, Hebbia has achieved a 15x revenue growth and significantly increased its workforce. The company has now raised a total of $161 million. Additionally, other AI startups like Etched.ai and Magic are also securing large funding rounds, indicating renewed market support for AI ventures.

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