Gen AI Document Search Startup Hebbia Raises $100M, Hires New Head of Legal | Legaltech News
Jul 01, 2024 - law.com
Hebbia, an AI-powered startup that specializes in document search and analysis, recently made a new hire and closed a significant funding round. The company reportedly raised nearly $100 million in a Series B round led by Andreessen Horowitz (a16z), pushing its total valuation to somewhere between $700 and $800 million.
This funding round, which took place last week, was reported by TechCrunch on June 27. The substantial investment indicates strong confidence in Hebbia's potential and growth in the AI industry.
Key takeaways:
Hebbia, a generative artificial intelligence-powered startup, has made a new hire and closed a large funding round.
The company raised nearly $100 million in a Series B round.
The funding round was led by Andreessen Horowitz (a16z).
This funding reportedly brings Hebbia's total valuation to between $700 and $800 million.
