Work Here?
Hebbia
Work Here?
AI-powered browser extension for efficient information retrieval
Hebbia
Work Here?
AI-powered browser extension for efficient information retrieval
About Hebbia
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$155.3M
Headquarters
New York City, New York
Founded
2020
Overview
Hebbia.ai offers an AI-powered browser extension that enhances the traditional search function by understanding the context of user queries. This tool quickly highlights the most relevant information in lengthy documents, making it easier for users to find what they need. It is particularly useful for professionals such as researchers, financial analysts, legal experts, and software engineers who often work with extensive documentation. Unlike standard search tools, Hebbia's extension provides a more efficient way to sift through large amounts of text, improving information retrieval speed significantly. The company is currently in private beta, allowing early users to test the product, with plans to monetize through subscription fees or licensing agreements in the future. Hebbia aims to optimize workflows for its users by providing a solution that is 20 times faster than traditional methods.
Simplify's Take
What believers are saying
- Hebbia raised $130 million in Series B funding, indicating strong investor confidence.
- The platform is used by major financial firms, showing its effectiveness in complex workflows.
- Growing demand for AI-driven tools in legal and financial sectors boosts Hebbia's market potential.
What critics are saying
- High development costs could strain Hebbia's financial resources as they expand into new sectors.
- Increased competition from established players like Guru and Degreed may limit market share.
- Reliance on venture capital funding pressures Hebbia to deliver quick returns, affecting long-term strategy.
What makes Hebbia unique
- Hebbia offers AI tools that show their work, enhancing user trust and collaboration.
- Their AI platform, Matrix, allows querying complex documents with unlimited context windows.
- Hebbia's browser extension enhances traditional search by understanding context and highlighting relevant information.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$155.3M
Above
Industry Average
Funded Over
3 Rounds
Andreessen HorowitzIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 4%2 year growth
↓ -9%Earlier this year, Hebbia Inc. launched the first multi-agent AI platform, Matrix.
AI startups in the U.S. raised $2.9 billion in Q3 2024, with Magic, Glean, and Hebbia receiving significant funding. Magic raised $320 million, Glean $260 million, and Hebbia $130 million. AI accounted for 41% of U.S. VC deals in the first half of 2024, totaling $38.6 billion. Despite challenges like high development costs, AI continues to grow, with the number of AI unicorns increasing by 22.9% last year.
Title: "a16z Backs Enterprise AI Search Potential with Hebbia" Hebbia, an AI document analysis and search service, announced a $100 million funding round led by Andreessen Horowitz (a16z). Hebbia targets specialized firms in finance and law, offering precise answers to specific queries. The enterprise knowledge search market, which predates ChatGPT, is rapidly expanding due to the AI trend. Other notable players include Guru and Degreed. Globally, investors are keen on AI search, with SoftBank partnering with Perplexity in June.
Hebbia, a New York-based startup, has raised $130 million in a Series B round from Andreessen Horowitz, Index Ventures, Peter Thiel, and GV. The company simplifies information retrieval using LLM-native productivity interfaces, partnering with major financial firms. Hebbia's "Matrix" platform allows knowledge workers to query complex internal documents with unlimited context windows. Founded in 2020, Hebbia has seen significant growth, with revenue increasing 15x and staff 5x in the past 18 months.
We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you’re implementing it, and what you expect to see in the future. Learn More. In the age of AI, enterprises want to drive critical internal functions with large language models (LLMs). They are investing millions, but bringing those use cases to life – with ROI – is far from easy. Today, New York-based Hebbia, a startup simplifying this approach with a focus on information retrieval, announced it had raised $130 million in series B funding from Andreessen Horowitz, Index Ventures, Peter Thiel and the venture capital arm of Google.What Hebbia is building is quite simple: an LLM-native productivity interface that makes driving value from data easier, regardless of its type or size. The company is already working with some large firms in the financial services industry, including hedge funds and investment banks, and is planning to take the technology to more enterprises in the coming days.“AI is undoubtedly the most important technology of our lives
Hebbia is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Hebbia
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$155.3M
Headquarters
New York City, New York
Founded
2020
Hebbia is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today