# Hebbia

> Hebbia is a New York-based enterprise AI company that builds Matrix, an agentic platform for analyzing huge volumes of documents. Instead of a single chatbot guessing at an answer, Matrix dispatches a swarm of AI agents across thousands of files - PDFs, spreadsheets, presentations, emails - and returns structured, fully cited answers in a grid. It is used by asset managers, investment banks, law firms and Fortune 100 companies to compress work that took analysts days into minutes. Founded in 2020 by Stanford PhD dropout George Sivulka, Hebbia raised a $130M Series B led by Andreessen Horowitz in 2024 at a reported $700M valuation.

- **Founded:** 2020
- **Headquarters:** New York, United States
- **Founders:** George Sivulka (Founder & CEO)
- **Team size:** ~140 employees
- **Products:** Matrix, Agentic workflows, Artifact generation (via FlashDocs)
- **Notable:** Raised $130M Series B led by Andreessen Horowitz in 2024 at a reported ~$700M valuation, Reached ~$13M in revenue profitably before the Series B - unusual for a venture-stage AI company, Reported adoption by ~30% of the top 50 asset managers by AUM

## Products & services

- **Matrix** — Hebbia's flagship platform. A spreadsheet-like grid where documents are rows and questions are columns; an 'agent swarm' of AI models reads every source in parallel and fills each cell with an answer plus inline citations. Handles PDFs, spreadsheets, presentations, emails and images of effectively unlimited length, enabling complex multi-step questions across thousands of files.
- **Agentic workflows** — Reusable, automatable analyses for tasks like M&A due diligence, investment research, regulatory filing review, litigation document review and clause comparison - letting teams encode how they work and rerun it on new data.
- **Artifact generation (via FlashDocs)** — Following the 2025 acquisition of FlashDocs, Hebbia added AI-generated slide decks and documents, turning analysis directly into client-ready outputs.

## Achievements

- Raised $130M Series B led by Andreessen Horowitz in 2024 at a reported ~$700M valuation
- Reached ~$13M in revenue profitably before the Series B - unusual for a venture-stage AI company
- Reported adoption by ~30% of the top 50 asset managers by AUM
- Backed by Peter Thiel, Eric Schmidt and Jerry Yang alongside a16z, Index Ventures and GV
- Total funding of roughly $159M-$161M raised since 2020
- Published AI research including a Financial AI Benchmark and the 'Who Evaluates the Evaluator' work on LLM evaluation (2025)
- Acquired FlashDocs in 2025 to expand into AI artifact generation

## Latest updates

- **2024-07** — Announced $130M Series B led by Andreessen Horowitz at a reported ~$700M valuation.
- **2025** — Acquired FlashDocs to add AI-generated slide decks and documents; published AI evaluation research.
- **2025** — Expanded Matrix adoption among financial, legal and Fortune 100 firms, positioning it as a 'system of record for enterprise reasoning.'

## Links

- Website: https://www.hebbia.com
- LinkedIn: https://www.linkedin.com/company/hebbia
- Twitter/X: https://twitter.com/HebbiaAI

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Profile page: https://yespress.io/hebbia
Published by YesPress — https://yespress.io
Last updated: 2026-06-07