Hebbia Revenue, Valuation, Funding & Investors

Hebbia is valued at $700M as of July 2024, a 53.8x multiple on its last reported $13M revenue.

Last Hebbia valuation

$700M

Series B · Jul 2024

Last Hebbia funding round

$130M

Series B · Jul 2024

Hebbia revenue

$13M

Series B · Jul 2024

Key investors in Hebbia

  • Index Ventures
  • Peter Thiel
  • Andreessen Horowitz
  • GV
  • Abstract
  • Floodgate

Hebbia Overview

About Hebbia

Hebbia is a New York-headquartered AI platform for knowledge work launched in 2020, processing millions of documents for finance firms like Goldman Sachs and law practices. Its agentic interface handles multi-step queries across SEC filings and contracts, delivering verifiable outputs with citations. Used by 50 Fortune 500 teams, it integrates with Slack for collaborative research in M&A due diligence.


Founded

2020

HQ

United StatesNew York City, NY

Website

hebbia.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$13M (Jul 2024)

Valuation

$700M (Jul 2024)

Hebbia Valuation

Hebbia is currently valued at $700M, based on its Series B in July 2024.

The $130M round was led by Andreessen Horowitz, with participation from Index Ventures, Peter Thiel, GV and Sahin Boydas.

Hebbia valuation by funding round

Hebbia valuation by funding round
DateStageValuationRevenue Multiple
Jul 2024Series B$700M53.8x

Hebbia Revenue

Hebbia's latest recorded revenue is $13M, as of its Series B in July 2024. At a $700M valuation, that implies a 53.8x revenue multiple.

Hebbia revenue by funding round

Hebbia revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2024$13M$700M53.8xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Hebbia Funding History

Hebbia has raised a total of $161M across 3 funding rounds.

Hebbia's first fundraising round was a $1M pre-seed round in October 2020. The most recent completed round was a $130M Series B in July 2024.

Hebbia funding rounds

Hebbia funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2024Series BAndreessen Horowitz (lead); Index Ventures; Peter Thiel; GV; Sahin Boydas$130M$700MHebbia is an AI startup founded by George Sivulka that develops a platform for knowledge work, enabling users to search, analyze, and automate complex tasks across large document sets using AI agents, large language models, and computer vision. The product serves asset managers, investment banks, law firms, pharmaceutical companies, and Fortune 500 firms, handling multi-step queries by breaking them into steps assigned to suitable neural networks, including those from OpenAI. It ingests diverse data types like scans, nested tables, regulatory filings, and charts to generate analyses such as ranking investments or property assessments. In July 2024, Hebbia raised a $130 million Series B round led by Andreessen Horowitz, with participation from Index Ventures, GV (Google Ventures), and Peter Thiel, at a $700 million post-money valuation. This brought total funding to approximately $161 million. The valuation represented about 54 times its $13 million ARR, with the company already profitable at the time of pitching investors. Hebbia continued raising additional funds post-initial reports, targeting around $100 million initially per SEC filings, but closed at $130 million disclosed. At the round, Hebbia reported 15x revenue growth over the prior 18 months, quintupled headcount, and drove over 2% of OpenAI’s daily volume. Its software is used by 30% of asset managers for due diligence, asset pricing, and research. The funding supports team expansion, continued sales in financial services, and entry into new verticals like law and pharma amid competition from AI startups like Glean and Harvey, which had similar high multiples of over 60x ARR. Hebbia positions itself as building a human-centric AI interface for complex enterprise workflows, with customers redefining analyses previously impossible. The round aligns with robust AI funding trends, following prior raises including a $30 million Series A in 2022 led by Index Ventures and a $1.1 million pre-seed in 2020.
Jul 2022Series AIndex Ventures (lead); Radical Ventures; R. Martin Chavez; Jerry Yang; Heroic Ventures; Stanley Druckenmiller; Abstract; Ram Shriram; Kevin Warsh$30M-Hebbia is an AI company reinventing search with natural language understanding, focusing on processing unstructured data like scanned PDFs, PowerPoints, spreadsheets, and transcripts to create encrypted expert search engines for complex queries in market research and information extraction. Hebbia positions itself to unlock the 96% of the world's data not indexed by Google, targeting knowledge workers in finance, law, and other sectors. In July 2022, Hebbia raised a $30 million Series A round led by Index Ventures, with participation from Radical Ventures, Jerry Yang, Ram Shriram, Marty Chavez, Stanley Druckenmiller, Kevin Warsh, and others including Julius Genachowski, Alexandr Wang, Pieter Abbeel, Henrique Dubugras, and Raquel Urtasun. The funding was intended to build out the engineering team and accelerate development of its neural search engine, which outperforms state-of-the-art machine learning information retrieval by 57% on complex datasets.
Oct 2020Pre-seedFloodgate (lead); Peter Thiel; Naval Ravikant; A*$1M--

Who has invested in Hebbia?

16 investors have backed Hebbia across its funding rounds, including Index Ventures, Peter Thiel, Andreessen Horowitz, GV, Abstract and Floodgate.

Lead investors include Andreessen Horowitz, Index Ventures and Floodgate.


Hebbia Investors

Investors in Hebbia by funding rounds participated
InvestorHQRoundsRoleFirst check
Index VenturesUnited KingdomLondon2LeadJul 2022
Peter ThielUnited StatesSan Francisco, CA2ParticipantOct 2020
GVUnited StatesSan Francisco, CA1ParticipantJul 2024
Sahin BoydasUnited StatesSan Francisco, CA1ParticipantJul 2024
Naval RavikantUnited StatesSan Francisco, CA1ParticipantOct 2020
Radical VenturesCanadaToronto1ParticipantJul 2022
R. Martin ChavezUnited StatesNew York City, NY1ParticipantJul 2022
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadJul 2024
Jerry YangJapanTokyo1ParticipantJul 2022
Heroic VenturesUnited StatesSan Francisco, CA1ParticipantJul 2022
FloodgateUnited StatesSan Francisco, CA1LeadOct 2020
Stanley DruckenmillerUnited StatesNew York City, NY1ParticipantJul 2022
AbstractUnited StatesSan Francisco, CA1ParticipantJul 2022

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Acquisitions by Hebbia

Hebbia has acquired 1 company to date.

Last acquisition by Hebbia was on June 26th 2025. Hebbia acquired FlashDocs for undisclosed valuation.


Latest Acquisitions by Hebbia

FlashDocs
Description
FlashDocs is a developer-focused API for generating Google Slides and PowerPoint presentations programmatically. It processes markdown, JSON data, or template tags to produce customized decks with charts, tables, images, and text. San Francisco-headquartered, the service integrates with AI summarizers, analytics exporters, and CRM tools for automated reporting and proposals. Outputs maintain brand guidelines through reusable themes, streamlining workflows without desktop software dependencies.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date26 Jun 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Hebbia Competitors

Hebbia competitors include listed companies like Reconova Technologies and PKSHA Technology, and private ones like Sema4.ai, Eve, 7AI and Dovetail.

Public and private companies comparable to Hebbia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Sema4.aiUnited StatesAtlanta, GAPrivate--$505M-
EveUnited StatesSan Francisco, CAPrivate--$1B-
7AIUnited StatesUnited StatesPrivate--$700M-
DovetailAustraliaSydneyPrivate--$700M-
Reconova TechnologiesChinaChinaPublicly listed$66M($8M)$635M-
PKSHA TechnologyJapanJapanPublicly listed$140M$47M$627M2.4x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Reconova Technologies$66M($8M)10.0x-(82.0x)-
PKSHA Technology$140M$47M4.1x2.4x12.2x10.7x
ExaWizards$77M$13M6.6x5.7x39.3x-
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Beijing Hanyi Innovation$28M$5M15.6x13.9x89.9x50.9x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Appier Group$281M$44M3.4x2.9x21.6x15.7x

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Common questions about Hebbia

When was Hebbia founded?Hebbia was founded in 2020.
Where is Hebbia headquartered?Hebbia is headquartered in New York City, NY, United States.
Is Hebbia publicly listed?No, Hebbia is a private, VC-backed company.
What is Hebbia's valuation?Hebbia was last valued at $700M in its Series B in July 2024.
How much funding has Hebbia raised?Hebbia has raised $161M across 3 funding rounds.
What was Hebbia's last funding round?Hebbia's last funding round was a $130M Series B in July 2024, led by Andreessen Horowitz.
Who are Hebbia's investors?Hebbia's investors include Index Ventures, Peter Thiel, GV, Sahin Boydas, Naval Ravikant, Radical Ventures, R. Martin Chavez, Andreessen Horowitz, Jerry Yang, Heroic Ventures and 6 others.
What is Hebbia's revenue?Hebbia's latest recorded revenue is $13M (July 2024).
What is Hebbia's revenue multiple?Hebbia's latest valuation implies a 53.8x revenue multiple ($700M valuation on $13M of revenue).
Which companies are comparable to Hebbia?Companies comparable to Hebbia include Sema4.ai, Eve, 7AI, Dovetail, Reconova Technologies and PKSHA Technology.
How many companies has Hebbia acquired?Hebbia has acquired 1 company, including FlashDocs.

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