According to BlockBeats, artificial intelligence startup Hebbia has successfully raised $130 million in a funding round led by a16z. Other participants in the round included Index Ventures, Google Ventures, and billionaire Peter Thiel. An insider revealed that the New York-based company is currently valued at approximately $700 million. Hebbia plans to use the new funds to conduct research and hire more software engineers.
Founded in 2020, Hebbia utilizes artificial intelligence technology to assist businesses in filtering various documents to answer complex questions. Its clientele includes the U.S. Air Force, asset management firms, and legal service companies.
