AI startup Hebbia raised $130M at a $700M valuation on $13 million of profitable revenue
Who led Hebbia's recent funding round?
Hebbia's recent funding round was led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and tech investor Peter Thiel. The startup raised $130 million in a Series B funding round, bringing its total capital to over $120 million2.
What is Hebbia's current company valuation?
Hebbia's current company valuation is approximately $700 million, following a $130 million Series B funding round led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel1.
What is Hebbia's annual recurring revenue?
Hebbia's annual recurring revenue (ARR) is $13 million1. This information was shared when the company was pitching investors on the deal, according to a person with knowledge of the matter. The impressive funding demonstrates that 50x ARR is becoming the norm for AI startups, especially ones that have booked millions of profitable revenue early in their journey1.