Hebbia has raised a total of $161.1 million across multiple funding rounds, with its largest being a $130 million Series B round in July 2024. The New York-based AI platform transforms large volumes of information into actionable insights, serving industries such as finance, law, and pharma. Hebbia’s technology automates complex workflows, enabling enterprise clients to handle diverse data types and execute critical tasks securely and efficiently. With backing from top-tier investors including Andreessen Horowitz and Index Ventures, Hebbia is positioned for rapid growth and continued innovation.
Keep reading to explore Hebbia’s funding journey, key investors, and what’s next for this AI-driven platform.
What Is Hebbia and What Does It Do?
Founded on August 14, 2020, by George Sivulka, Lukas Schmit, and Tim Lupo, Hebbia is headquartered in New York, New York. The company specialises in AI-powered solutions that transform massive amounts of information into actionable insights, automating complex workflows for industries such as finance, law, and pharma. Its platform is designed to handle multiple data types, execute complex queries, and deliver reliable results to enterprise clients.
With a team of 101–250 employees, Hebbia continues to innovate, helping organisations streamline decision-making and improve operational efficiency through AI-driven insights.
How Much Funding Has Hebbia Raised?
- Pre-Seed Round
- Amount Raised: $1.1M
- Date: October 2020
- Lead Investors: Floodgate
- Motivation: To develop the initial version of their AI platform and validate the product-market fit.
- Series A
- Amount Raised: $30M
- Date: July 2022
- Lead Investors: Index Ventures
- Motivation: To scale the platform and expand into new markets, particularly in finance and law.
- Series B
- Amount Raised: $130M
- Date: July 2024
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $700M
- Motivation: To refine their AI tool and support growth in handling complex queries for enterprise clients.
Total Funding Raised: $161.1M
Current Valuation: $700M
Latest Funding Date: July 1, 2024
Key Investors
- Andreessen Horowitz
- Details: A prominent venture capital firm based in Silicon Valley, known for investments in high-growth technology companies.
- Investment Focus Areas: Technology, software, AI, internet services
- Notable Investments: Facebook, Airbnb, Slack, Coinbase, Lyft
- Index Ventures
- Details: A global venture capital firm with offices in London, San Francisco, and Geneva, investing in technology-enabled companies.
- Investment Focus Areas: Technology, software, e-commerce, biotech
- Notable Investments: Dropbox, Etsy, Skype, Robinhood
- Google Ventures (GV)
- Details: The venture capital investment arm of Alphabet Inc., focusing on innovative and high-impact sectors.
- Investment Focus Areas: Technology, life sciences, AI, healthcare
- Notable Investments: Uber, Nest, Slack, Medium
- Peter Thiel
- Details: A billionaire tech investor and co-founder of PayPal, known for early investments in disruptive technologies.
- Investment Focus Areas: Technology, AI, biotech, financial services
- Notable Investments: PayPal, Palantir Technologies, Facebook, SpaceX
- Floodgate
- Details: A venture capital firm that focuses on early-stage investments, particularly in transformative technology companies.
- Investment Focus Areas: Technology, software, AI, consumer internet
- Notable Investments: Twitter, Lyft, Okta
Where Is Hebbia’s Headquarters?
Hebbia is headquartered in New York, New York, providing access to top-tier talent in AI and enterprise solutions. Its location enables the company to collaborate with major financial institutions, law firms, and pharma companies to implement cutting-edge AI tools.
What’s Next for Hebbia?
Hebbia is poised for growth as demand for AI-driven insights in finance, law, and pharma continues to expand. The company’s Series B funding enables the refinement of its AI tools, support for enterprise clients, and potential expansion into new markets. Future fundraising opportunities appear promising, given strong investor backing from Andreessen Horowitz, Index Ventures, and other top firms.
Challenges include maintaining high accuracy in AI-generated insights, keeping pace with competitors, and scaling operations globally. Successfully navigating these challenges will be critical to Hebbia’s continued success in transforming complex data into actionable intelligence.
Get Investor & Funding Insights with TexAu
TexAu provides detailed fundraising information on companies like Hebbia. Track investors, monitor funding rounds, and gather actionable insights to strengthen your sales and business strategy.
Sign Up for Free on TexAu and turn data into smarter, faster business decisions.
