AI company Hebbia completes $130 million financing, led by a16z

Odaily News Artificial intelligence startup Hebbia has completed $130 million in financing, led by a16z, with participation from Index Ventures, Google Ventures and billionaire Peter Thiel. A person familiar with the matter revealed that the New York-based company is currently valued at approximately $700 million. Hebbia founder and CEO George Sivulka said Hebbia plans to use the funds from this round of financing to conduct research and hire more software engineers. It is reported that Hebbia was founded in 2020 and uses artificial intelligence technology to help companies screen various documents to answer complex questions. Its customers include the US Air Force, asset management companies and legal services companies. (Bloomberg)