Hebbia Secures $130 Million for AI

Image:@beatriz_perez on Unsplash. Hebbia intends to use AI to make it easier for enteprises to find the right information among all their data.

AI startup Hebbia has raised $130 million to develop technology that helps firms address complex questions, according to Bloomberg on July 8, 2024. Existing investor IVP led the funding round, with new backers like Bain Capital Ventures and Sapphire Ventures joining in.

Founded in 2020, Hebbia creates AI tools to improve businesses' management of large volumes of documents and data, making information retrieval and analysis easier. Hebbia’s mission aligns with NirvanaAI’s goal of using AI to handle intricate tasks effectively.

Hebbia CEO George Sivulka said, “It can execute complex workflows, not just chat back and forth, ” pointing towards what he thinks makes their product different in the increasingly crowded AI space.

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