HebbiaAI startup that helps firms analyze every kind of information to reply complex, multi-step questions has raised $130 million in Series B funding from a handful of high-profile investors.
He led the latest round Andreessen Horowitz and included participation Index projects, Google Projects AND Peter Thiel. The round – which was initially reported at the end of last month — values the company at about $700 million, in accordance with Bloomberg.
The New York-based startup enables firms to look through structured and unstructured data—including regulatory documents and PDFs—to reply more specific and complex business questions.
We are not slowing down
The startup has grown revenue 15x and headcount fivex in the past 18 months. Founded in 2020, the company has raised a total of $161 million, in accordance with Crunchbase.
“There have been seven major technological revolutions in human history: fire, agriculture, the wheel, repetitive manufacturing, electricity, the internet, and artificial intelligence,” he wrote. Jerzy SiwulkaFounder and CEO of Hebbia, blog“AI is undoubtedly the most important technology of our lives. But technology doesn’t drive revolutions—products do. Hebbia is building the human layer—the product layer—for AI.”
After a slow week of startup funding last week before the holidays, the market seems poised to start out filling AI startup coffers much like how the previous month ended. In the last week of June, several AI-related startups similar to Etched.ai AND magic have raised — or are reported to have raised — large, nine-figure sums.