Announcements from industry award organizers or press releases from Hebbia

Hebbia Raises Nearly $100M in Series B Led by Andreessen Horowitz for AI-Powered Document Search

Jun 27, 2024, 08:25 PM

Hebbia, a startup specializing in AI-powered document search, has raised nearly $100 million in a Series B funding round led by Andreessen Horowitz. The funding aims to enhance Hebbia's capabilities in using generative AI to search large documents and return precise answers. This significant investment, reported by TechCrunch, underscores the growing interest in AI technologies that can revolutionize how professionals in finance and law uncover critical information quickly. Hebbia's current valuation stands at $700 million, and the funding catapults the company into high-gear to further develop its document search tool.