Hebbia raises nearly $100M Series B for AI-powered document search led by Andreessen Horowitz
What does Hebbia's AI technology primarily do?
Hebbia's AI technology primarily uses generative AI to search large documents and return specific answers1. It can look over billions of documents at once, including PDFs, PowerPoints, spreadsheets, and transcripts. The technology is designed to help financial service firms, law firms, and other professional domains save time by streamlining the search process for information within dense documents.
What inspired George Sivulka to start Hebbia?
George Sivulka was inspired to start Hebbia by his friends working in the financial industry who spent long hours searching for information in SEC filings and dense documents. He believed that AI could help them save time and improve productivity by providing specific answers from large documents.
How much did Hebbia raise in its Series B funding?
Hebbia raised nearly $100 million in its Series B funding round, led by Andreessen Horowitz. The round valued the company between $700 million and $800 million.