New York-based Hebbia has secured $130 million in a Series B funding round. It was led by Andreessen Horowitz that invested in ElevenLabs and Hyperexponential, along with investments from Index Ventures, Google Ventures, and billionaire tech investor Peter Thiel. This round values the company at $700 million, as per Bloomberg.
The company plans to use the investment to refine its tool, which uses AI to search through documents and answer complex queries.
What does Hebbia do?
AI is one of the major technological revolutions in human history. It is undoubtedly the most important technology of our lives. But technology doesn’t drive revolutions – products do. Hebbia is building the human layer, the product layer to AI.
The company founded by George Sivulka believes AI should be more than a transactional chatbot. It should be able to work like a human. The company has built AI that works the way you work, and a new interface that shows its work.
Designed for the knowledge worker, Hebbia lets you instruct AI agents to complete tasks exactly the way you do them – no task too complex, no dataset too large, and with full flexibility and transparency of a spreadsheet.
The product orchestrates AI agents that accurately tackle the most complex tasks by breaking them down into understandable actions. Users can collaborate with AI to extract, structure, and analyse millions of documents at scale, allowing for full workflow automation with generative AI.
Customer base
The company is already deployed at scale at the world’s leading asset managers, law firms, banks, and Fortune 100 companies. Its customers have already redefined how they work, creating analyses in Hebbia that were never before possible.
“Designed for the knowledge worker, Hebbia lets you instruct AI agents to complete tasks exactly the way you do them — no task too complex, no dataset too large, and with full flexibility and transparency of a spreadsheet,” the company said.
What do we think about Hebbia?
Hebbia is revolutionising AI applications in knowledge work by enabling complex task automation and data analysis. With $130 million in funding, it’s poised for significant growth. Its AI’s ability to work like a human, highlighting its transformative potential in business operations.
