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Hebbia closed a $130M Series B for its knowledge retrieval platform

Hebbia, an AI startup revolutionizing how knowledge workers use AI, has secured $130 million in Series B funding to continue the development of its innovative platform that allows users to instruct AI agents to complete complex tasks with full transparency.

Ellie Ramirez-Camara profile image
by Ellie Ramirez-Camara
Hebbia closed a $130M Series B for its knowledge retrieval platform
Credit: Hebbia

Hebbia, a startup developing a knowledge retrieval platform capable of handling complex queries and answering them based on data extracted from millions of documents, recently announced it has secured $130 million in a Series B round. The investment was led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel. This funding round marks a milestone in Hebbia's journey to build "the most important software product of the next 100 years."

Founded on the belief that AI should not be limited by the complexity of a task, the size of the dataset it has to analyze, or transparency and accuracy concerns, Hebbia has developed a unique interface that allows users to instruct AI agents to complete complex tasks with the possibility of tracing every step undertaken by the agent for full transparency. Hebbia's platform is designed to handle large multimodal datasets in its infinite effective context window and provide the flexibility of a spreadsheet combined with the power of AI.

Hebbia's technology is currently used by leading asset managers, law firms, banks, and Fortune 100 companies, and it has proven its worth in various real-world scenarios. During the Silicon Valley Bank (SVB) crisis, Hebbia helped map exposure to regional banks across millions of documents in a timeframe in which it would have been impossible for any human team to deliver comparable results. Corporate lawyers have used it to gain negotiation edges, while activist investors have leveraged its capabilities for in-depth analysis of financial documents.

The Series B round follows Hebbia's June 2022 Series A round and brings Hebbia's total raised funding to $161.1 million. Since closing its $30 million Series A two years ago, the company has experienced remarkable growth, driving over 2% of OpenAI’s daily volume, increasing revenue 15-fold, and quintupling its headcount; all over the last 18 months.

Ellie Ramirez-Camara profile image
by Ellie Ramirez-Camara
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