Hebbia, headquartered in New York, has successfully raised $130 million in its Series B funding round led by Andreessen Horowitz, known for investments in ElevenLabs and Hyperexponential. Other significant investors include Index Ventures, GV (Google Ventures), and tech mogul Peter Thiel, valuing the company at $700 million, as reported by Bloomberg.
This latest funding round aims to further enhance Hebbia's AI-powered document search and query solution. Unlike traditional AI tools, Hebbia is focused on integrating a human-like layer into AI technologies, prioritizing product-driven innovation over mere technological advancement.
Founded by George Sivulka, Hebbia is committed to redefining the potential of AI beyond basic chatbot interactions. The company has developed AI systems that mimic human work processes, supported by an intuitive interface that showcases its capabilities.
Hebbia is tailored for knowledge workers, enabling them to direct AI agents to handle tasks with the same precision and flexibility they themselves possess, regardless of complexity or data size, all while maintaining the transparency of a spreadsheet.
The platform orchestrates AI agents to effectively tackle intricate tasks by breaking them down into manageable steps. This allows users to collaborate seamlessly with AI, facilitating the extraction, organization, and analysis of vast amounts of data, thereby automating workflows with generative AI.
Already adopted by leading asset management firms, law practices, financial institutions, and Fortune 100 companies worldwide, Hebbia has empowered its users to achieve unprecedented insights and analyses.
"Hebbia is transforming AI applications in knowledge work by enabling sophisticated task automation and data analysis," said the company spokesperson. With a significant $130 million funding boost, Hebbia is poised for substantial growth, leveraging its AI's human-like capabilities to drive transformative change across business operations.
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Well done Fergal. We always knew you had a great product! Best of luck for the proceeding years.