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Hebbia is an American artificial intelligence company founded in 2020 and headquartered in New York, USA. The company focuses on using generative AI techniques to search large documents and return answers, and is particularly good at handling unstructured private data.

Company Overview

• Established: 2020
• Headquarters locationNew York, USA
• The industry you belong to: Artificial Intelligence
• Main products: Matrix (AI agent) for building AI systems that accomplish end-to-end tasks, are able to ingest structured and unstructured data across multiple files and formats, and provide referenced answers on-the-fly.
• estimation: According to the latest funding information, Hebbia is valued at between $700 million and $800 million.

Financing

• Hebbia closed a $30 million Series A round of financing in September 2022 led by Index Ventures with participation from Radical Ventures.
• In 2024, Hebbia secured a $130 million Series B round led by a16z, with participation from Index Ventures (backed from the seed round), Google's venture capital arm, and billionaire Peter Thiel.

Technical features and advantages

• Unstructured data processing: Hebbia's AI product indexes, reads and understands unstructured private data, including everything from PDF scans, PPTs, forms, transcribed documents, and instantly creates encrypted expert search engines.
• Efficient and accurate: outperforms current state-of-the-art machine learning information retrieval techniques by an average of 571 TP4T on complex datasets, with a tenfold increase in search speed and accuracy.
• Multi-modal and multi-modeling capabilities: The ability to work with different large models and different types of data, processing any number and form of data.

Business Models and Customer Segments

• business modelThe core user groups include financial services companies, law firms, government agencies and pharmaceutical companies.
• client base: Hebbia has acquired 20 paying corporate clients including the world's largest private equity firms and hedge funds, as well as government agencies such as the U.S. Air Force. These customers use Hebbia's AI tools for knowledge work such as document analysis and data indexing.

Market Positioning and Vision

• Hebbia is positioned to be a reliable helper for knowledge workers, especially in the fields of finance, law and consulting.
• The company's vision is to unlock the value of unstructured private data, increase the productivity of knowledge workers, and reduce financial risk through AI technology.

Honors and Achievements

• On April 16, 2024, Hebbia was named to the 2024 Forbes AI 50 list, showcasing its excellence in artificial intelligence.

In summary, Hebbia is an innovative and competitive company in the field of artificial intelligence that is gradually changing the way knowledge workers work and driving digital transformation in related industries through its unique AI technology and products.