Artificial intelligence startup Hebbia completes $130 million financing, led by a16z

BlockBeats news, July 9, Bloomberg reported that artificial intelligence startup Hebbia completed $130 million in financing, led by a16z, with participation from Index Ventures, Google Ventures and billionaire Peter Thiel. According to a person familiar with the matter, the New York-based company is currently valued at approximately $700 million. Hebbia plans to use the new funds for research and to hire more software engineers.

Founded in 2020, Hebbia uses artificial intelligence technology to help companies screen various documents to answer complex questions. Its clients include the U.S. Air Force, asset management companies, and legal services companies.