Hebbia
Hebbia is an AI software company headquartered in New York, founded in 2020 by George Sivulka.
Profile
Hebbia provides an AI platform that lets financial professionals search, analyze, and synthesize information from thousands of documents—like earnings calls, filings, and deal memos—using natural language queries and automated workflows.
Hebbia is an AI software company headquartered in New York, founded in 2020 by George Sivulka. The company builds a platform purpose-built for financial services that allows users to query and analyze large volumes of unstructured documents—such as earnings call transcripts, regulatory filings, and PDFs—using natural language. Hebbia’s product is designed for high-stakes decision-making in investment banking, private equity, asset management, and advisory.
As of June 2024, Hebbia reported $13 million in annual recurring revenue (ARR), up from roughly $900,000 in December 2022, representing approximately 15x growth over 18 months. The company raised a $130 million Series B in July 2024 led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel, at a $700 million valuation. Total funding stands at $161.1 million.
Hebbia claims that 33% of the top global asset managers by AUM are customers. Named clients include KKR, Morgan Stanley, MetLife, Centerview Partners, Oak Hill Advisors, Rice Management Company, New Mountain Capital, and Latham & Watkins. The company has also expanded into government, counting the US Air Force as a client.
In April 2026, Hebbia shipped a major product update expanding shared project spaces, adding finance-specific skills (Company Screening, Precedent Transactions), and introducing an email-based agent. The company’s revenue multiple at the time of the Series B was approximately 54x ARR, reflecting aggressive growth expectations. Hebbia has quintupled headcount in the 18 months leading to mid-2024, though current headcount is not disclosed.
Who buys this
- Investment banks and advisory firms (e.g., Centerview Partners)
- Private equity firms (e.g., American Industrial Partners, Oak Hill Advisors, Charlesbank)
- Asset managers (e.g., KKR, Morgan Stanley, MetLife)
- Fortune 500 companies (e.g., Rice Management Company, New Mountain Capital)
- Government agencies (e.g., US Air Force)
Publicly disclosed clients
- KKR
- Morgan Stanley
- MetLife
- Centerview Partners
- Oak Hill Advisors
- Rice Management Company
- New Mountain Capital
- Latham & Watkins
- American Industrial Partners
- Charlesbank
- US Air Force
Strengths and what to watch
Strengths
- Deep vertical focus on financial services, with product features (Company Screening, Precedent Transactions) and data integrations (CapIQ, FactSet) tailored to investment workflows.
- Rapid revenue growth from ~$900K ARR (Dec 2022) to $13M ARR (June 2024), with strong customer concentration among top asset managers and bulge-bracket banks.
- Backing from top-tier investors (a16z, Index, GV, Peter Thiel) and a $700M valuation provide capital for product development and sales expansion.
Watch for
- Extreme revenue multiple (54x ARR at Series B) implies high growth expectations; any slowdown in customer acquisition or churn could pressure valuation.
- Customer concentration in financial services creates sector risk; a downturn in dealmaking or regulatory changes could reduce demand.
- Competition from general-purpose AI document tools (e.g., Glean, Cohere, or Microsoft Copilot) that may add finance-specific features, as well as incumbents like Bloomberg Terminal.
Recent moves
Key Information
- Industry
- Enterprise Search
- Founded
- 2020
- Headquarters
- New York
Frequently Asked Questions
What is Hebbia and what does it do?
Hebbia is an AI software company founded in 2020 that provides a platform for financial professionals to search, analyze, and synthesize information from thousands of documents like earnings calls and filings using natural language queries and automated workflows.
Who are Hebbia's main customers?
Hebbia's customers include investment banks, private equity firms, asset managers, Fortune 500 companies, and government agencies. Notable clients include KKR, Morgan Stanley, MetLife, Centerview Partners, and the US Air Force.
How much funding has Hebbia raised and what is its valuation?
Hebbia raised a $130 million Series B in July 2024 led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel, at a $700 million valuation. Total funding stands at $161.1 million.
What is Hebbia's annual recurring revenue?
As of June 2024, Hebbia reported $13 million in annual recurring revenue, up from roughly $900,000 in December 2022, representing approximately 15x growth over 18 months.
What features did Hebbia add in its April 2026 update?
In April 2026, Hebbia expanded shared project spaces, added finance-specific skills like Company Screening and Precedent Transactions, and introduced an email-based agent to enhance its platform for financial workflows.
What are the risks associated with Hebbia's business?
Risks include an extreme revenue multiple of 54x ARR at Series B, customer concentration in financial services, and competition from general-purpose AI tools like Glean or Microsoft Copilot that may add finance-specific features.
Sources
- www.hebbia.ai — Company homepage, product description, client logos (KKR, Morgan Stanley, MetLife, Centerview, OHA, Rice Management, New Mountain Capital, Latham & Watkins)
- sacra.com — Revenue ($13M ARR June 2024), growth rate (2,046% YoY), valuation ($700M), total funding ($161.1M), customer penetration (33% of top global asset managers), named clients (American Industrial Partners, Oak Hill Advisors, Charlesbank, Centerview, US Air Force)
- www.hebbia.com — April 2026 product update: Projects, Company Screening Skill, Precedent Transactions Skill, Email Agent, Matrix workflow improvements
- news.crunchbase.com — Series B details ($130M, led by a16z, participation from Index, GV, Peter Thiel), $700M valuation, 15x revenue growth over 18 months, headcount quintupled
- www.hebbia.com — Official Series B announcement, investor list (a16z, Index, GV, Peter Thiel), founder quote