Hebbia Raises $100M in Series B Funding

Hebbia Raises $100M in Series B Funding

Elena Santos
2 min read

Hebbia Secures $100 Million in Series B Funding Led by Andreessen Horowitz

Hebbia, a startup utilizing generative AI for document analysis, has successfully raised close to $100 million in a Series B funding round with Andreessen Horowitz as the lead investor. This latest funding places the company's valuation between $700 million and $800 million. Founded in 2020 by George Sivulka, Hebbia's AI technology has the capacity to simultaneously scan extensive documents, providing precise answers, and is primarily targeted at financial services firms. With this new investment, Hebbia has now accumulated over $120 million in total capital after a $30 million Series A funding in September 2022.

Key Takeaways

  • Hebbia secures $100 million in Series B funding with Andreessen Horowitz as lead investor.
  • The company is valued between $700 million and $800 million.
  • Hebbia applies generative AI for in-depth document analysis.
  • The target market includes financial service firms, law firms, and other professional domains.
  • George Sivulka established Hebbia in 2020 inspired by the cumbersome document search experiences of his friends in the finance industry.


Hebbia's Series B funding signals the increasing demand for AI-powered document analysis and is likely to expedite product development and market growth, influencing sectors such as financial services and law firms. This substantial investment positions Hebbia competitively and has the potential to reshape the landscape of large-scale document analysis. In response to this, competitors may intensify their research and development efforts in the short term. In the long term, Hebbia could potentially dominate niche markets, thereby influencing industry standards and practices.

Did You Know?

  • Generative AI: Generative AI involves artificial intelligence systems capable of producing new content, spanning text, images, videos, and more. In the case of Hebbia, it leverages generative AI to enhance its document search and analysis capabilities, potentially generating summaries, extracting key points, or predicting trends based on the analyzed documents.
  • Series B Funding: Series B funding represents a stage in the venture capital funding process where companies have progressed beyond the initial startup phase, demonstrating market traction and growth. Investors participating in Series B rounds are generally more concerned with the scalability and profitability of the business. Hebbia's attainment of $100 million in Series B funding reflects the significant investor confidence in its technology and market potential.
  • Andreessen Horowitz: Andreessen Horowitz, often referred to as "a16z," is a prominent venture capital firm renowned for investing in technology startups across different stages, from seed to growth. The firm has a history of supporting successful tech companies, underscored by its profound industry insights and extensive network. Its leadership in Hebbia's Series B funding round reaffirms its belief in the prospective application of generative AI within specialized document analysis markets.

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