Hebbia, a startup that uses generative AI to search and analyze vast document repositories, has raised nearly $100 million in a Series B funding round led by Andreessen Horowitz. The funding values the company between $700 million and $800 million. Hebbia disclosed in an SEC filing in May that it had raised $93 million out of an anticipated $100 million, and the round has since closed. Despite requests, neither Hebbia nor Andreessen Horowitz commented on the funding.
Founded in 2020 by George Sivulka while at Stanford University, Hebbia aims to help professionals save time by using AI to sift through dense documents. Hebbia’s technology can analyze billions of documents, including PDFs, PowerPoints, spreadsheets, and transcripts, providing precise answers and significantly boosting productivity.
Featured image: Credit: Hebbia
