Digital Headlines

Latest Tech News At your Fingertips

Tuesday, July 9, 2024

AI startup Hebbia rased $130M at a $700M valuation on $13 million of profitable revenue

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led by Andresen Horowitz with participation of Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) is becoming […]

© 2024 TechCrunch. All rights reserved. For personal use only.

from TechCrunch https://ift.tt/5w8Nn4e

No comments:

Post a Comment