Official company announcements, press releases

Hebbia Raises $130M to Enhance AI Search Platform at $700M Valuation

Jul 8, 2024, 04:49 PM

AI startup Hebbia has raised $130 million in a Series B funding round to enhance its AI-driven search platform for complex data queries and knowledge work. The New York-based company, which helps firms navigate and analyze large volumes of documents, achieved a post-money valuation of approximately $700 million. The funding round was led by Andreessen Horowitz, with participation from Google Ventures. Hebbia's platform is already in use by organizations such as CharlesBank, Center View Partners, and the U.S. Air Force, offering over 1,000 use cases in production.