According to TechFlow, Hebbia, a startup that uses artificial intelligence to help companies process complex documents, has raised $130 million in its latest round of financing. The financing was led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures and billionaire investor Peter Thiel. According to people familiar with the matter, the New York-based company is valued at approximately $700 million.

Founded in 2020, Hebbia’s software analyzes digitized documents and data sources to help clients process complex queries and present results in a more nuanced way. Hebbia’s clients include the U.S. Air Force, asset management firms and legal services companies.