- Companies
- Hebbia
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
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2024 | Series B | $700M | 53.8x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2024 | $13M | $700M | 53.8x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2024 | Series B | Andreessen Horowitz (lead); Index Ventures; Peter Thiel; GV; Sahin Boydas | $130M | $700M | Hebbia 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 2022 | Series A | Index 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 2020 | Pre-seed | Floodgate (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2022 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Lead | Jul 2024 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Lead | Oct 2020 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Jul 2022 | ||
This data is available for Pro users. Sign up to see all 16 Hebbia investors. Start Free Trial | ||||
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | New York City, NY |
| Deal Date | 26 Jun 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Hebbia acquisitions and their M&A valuation multiples. Start Free Trial | |
Hebbia Competitors
Hebbia competitors include listed companies like Reconova Technologies and PKSHA Technology, and private ones like Sema4.ai, Eve, 7AI and Dovetail.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $505M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $66M | ($8M) | $635M | - | ||
| Publicly listed | $140M | $47M | $627M | 2.4x |
Hebbia Public Comps
Hebbia is still privately-owned, but its public comps include Reconova Technologies, PKSHA Technology, ExaWizards, Beijing CTJ Info Tech, Beijing Hanyi Innovation, Rezolve AI, Rackspace, Appier Group, Ropeok Technology Group and Datasection.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
This data is available for Pro users. Sign up to see all Hebbia competitors and their valuation data. Start Free Trial | ||||||||
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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