Archive for the ‘Hebbia’ Category

AI startup Hebbia raised $130M at a $700M valuation on $13 million of profitable revenue

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) is becoming […] © 2024 TechCrunch. All rights reserved. For personal use only.