AI startup Hebbia completes $130 million funding, led by a16z

ChainCatcher news, according to Bloomberg, AI startup Hebbia has completed a $130 million financing round, led by a16z, with participation from Index Ventures, Google Ventures, and billionaire Peter Thiel. According to a source familiar with the matter, the New York-based company is currently valued at approximately $700 million. Hebbia plans to use the new funds for research and to hire more software engineers.

It is reported that Hebbia was founded in 2020 and uses AI technology to help businesses sift through various documents to answer complex questions. Its clients include the U.S. Air Force, asset management firms, and legal service companies.