In March, Hebbia introduced Matrix, a tool that deconstructs users’ inquiries into manageable tasks for its LLMs. On Monday, Sivulka highlighted the interface’s ability to handle complex tasks and large datasets, providing outputs in spreadsheet format. Human analysts can also verify the AI’s work to ensure accuracy.
Current Customers and Applications
Hebbia’s current customers include asset managers, law firms, banks, and major corporations. The company’s AI has been instrumental in various applications, such as mapping exposure at regional banks during the Silicon Valley Bank collapse, identifying inconsistencies in SEC financial documents, and estimating prices for private assets.
Leadership and Past Investments
“We’re excited to be leading Hebbia’s latest round of funding,” said Alex Immerman in a statement. “I’m thrilled to be joining their board and supporting the company as we unlock the potential of LLMs for financial services and knowledge work.”
In 2022, Hebbia raised $30 million in a Series A round led by Mike Volpi, a partner at Index Ventures. Other notable investors included Jerry Yang, co-founder and former CEO of Yahoo, and Ram Shriram, an early Google investor.
