The company is now targeting the legal market, with Samii, who previously led his own legal AI startup, leading the push. Hebbia's technology could be used to compare multiple contracts, patents, depositions, and potentially legislation and case law. The company is in the early stages of its legal sector venture and is currently building a sales team to sell into the legal world. Despite the significant investment levels, the company currently has around 50 employees, a number that is expected to grow.
Key takeaways:
- Hebbia, a genAI doc analysis startup, is shifting its focus from the financial sector to the legal world. The company has attracted significant investment, including a reported $100m Series B funding round from Andreessen Horowitz and others.
- The company's key feature is the Matrix, which allows multiple, complex documents to be placed side-by-side for data extraction and comparison. This technology has been used to automate the work of financial analysts and is now being targeted at legal professionals.
- Ryan Samii, the new Head of Legal at Hebbia, has been hired to lead the company's push into the legal sector. Hebbia has already had meetings with AmLaw 100 firms and is assembling a sales team to further its reach in the legal world.
- Despite the significant investment and ambitious plans, Hebbia is still a relatively small company with around 50 employees. However, the company is expected to grow in the coming years as it develops new features and expands its customer base.