Hebbia Raises $130 Million in Series B Funding Round at $700 Million Valuation

Jul 9, 2024, 01:25 PM

New York-based AI startup Hebbia has successfully raised $130 million in a Series B funding round, led by Andreessen Horowitz (a16z) and supported by Index Ventures, GV, and Peter Thiel. The funding round, reported by Rachel Metz of Bloomberg on July 8, 2024, values the company at approximately $700 million post-money. Hebbia specializes in using AI to help companies sift through documents efficiently. This significant investment will aid Hebbia in further developing its technology and expanding its market reach.