Source: Crunch Base
Hebbia, an AI startup that helps businesses analyze all types of data to answer more complex, multi-step questions, raised a $130 million Series B from a handful of big-name investors.
The new round was led by Andreessen Horowitz and included participation from Index Ventures, Google Ventures and Peter Thiel. The round — which initially was reported late last month — values the company at approximately $700 million, per Bloomberg.
The New York-based startup allows companies to sift through structured and unstructured data — including regulatory filings and PDFs — to answer more detailed and complicated business questions.
“There have been seven major technological revolutions in human history: fire, agriculture, the wheel, repeatable manufacturing, electricity, the internet and AI,” wrote George Sivulka, Hebbia’s founder and chief executive officer, in a blog. “AI is undoubtedly the most important technology of our lives. But technology doesn’t drive revolutions — products do. Hebbia is building the human layer — the product layer — to AI.”
Read the full article: https://news.crunchbase.com/ai/ai-hebbia-venture-a16z-gv-thiel/
