What Hebbia does

Hebbia is an AI-native software company founded in 2020 by George Sivulka that builds Matrix, a multi-agent AI platform purpose-built for institutional finance, legal, and Fortune 500 corporate workflows. The platform is built on a proprietary Iterative Source Decomposition (ISD) architecture that decomposes complex queries into structured sub-tasks and cycles between all-text LLMs and vision models over an effectively infinite context window, outperforming standard RAG on financial and legal workloads. Matrix exposes glass-box transparency through inline citations at every step and is natively multi-modal, handling PDFs, tables, charts, and images in a single workflow.

Hebbia's product surface extends beyond Matrix to include Hebbia Projects (a persistent collaborative workspace with always-on background agents), Hebbia Skills (structured instruction sets encoding firm-specific methodologies), Hebbia Chat, Deep Research, Spreadsheets and Slides generators, an Email Agent (Intern), a public API, and an MCP integration for Claude and ChatGPT. The platform was processing 1.5B+ pages per month as of late 2025, serves clients representing $25T–$30T in AUM, and is integrated with FactSet, PitchBook, Preqin, Third Bridge, S&P Capital IQ, BlackRock Aladdin, ICE, Intralinks, Snowflake, Databricks, and Salesforce.

The company monetizes via an enterprise SaaS model with per-seat Core User Licenses sold on multi-year contracts (estimated at $3K–$10K+ per seat annually), distributed through a direct enterprise sales motion supported by Forward Deployed Engineers and AI Strategists. As of the Series B in July 2024, Hebbia reported $13M of profitable ARR with 15x revenue growth over 18 months; subsequent disclosures cite 100%+ YoY growth and 373% YoY EMEA growth from FY25 to FY26. The company has raised $160M+ from a16z, Index Ventures, GV, Peter Thiel, Eric Schmidt, Jerry Yang, and Ram Shriram, and is headquartered in New York with offices in San Francisco, London, and the UAE.

Name

Hebbia

Legal name

Hebbia Inc.

Website

https://hebbia.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Hebbia builds Matrix, a proprietary multi-agent AI platform that ingests documents and financial data to automate institutional research, diligence, and workflows for asset managers, investment banks, and law firms. It monetizes via per-seat enterprise SaaS contracts, serving clients representing roughly $25T–$30T in AUM.

Ownership category

akta.pro rank

Product category

Enterprise Document Intelligence / AI Workflow Platform

NAICS

Software Publishers (513210), Software Publishers (5132), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs) (HDAEANAH)

akta.pro secondary industries

Model Deployment, Serving & Inference Platforms (HDAAABAF), Model Hosting, Serving & Inference Platforms (HDAAACAB), Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE)

Keywords

• Enterprise AI platform
• Document intelligence software
• AI due diligence tools
• Multi-agent AI workflows
• Institutional research automation

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Core User License Subscription: Enterprise SaaS revenue under a per-seat Core User License model assigned to named individual users, sold on multi-year contracts and bundled with API/integration access for institutional customers.
2. EMEA Region Expansion Revenue: Reported 373% YoY EMEA revenue growth from FY25 to FY26, driving tripled regional team and doubled account executive workforce; signals strong enterprise land-and-expand motion across geographies.
3. Acquisition-Driven Product Expansion (FlashDocs): Acquired FlashDocs in June 2025 to extend platform into content/slide generation; FlashDocs was generating 10,000+ AI slides/day, creating upsell into existing Hebbia enterprise accounts.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

Hebbia builds and sells the Matrix AI platform, a multi-agent system using a proprietary Iterative Source Decomposition (ISD) architecture that reasons over any amount and modality of financial and legal documents with an infinite effective context window. The platform exposes citation-backed, auditable outputs and is sold as an enterprise subscription (per-seat Core User License) to institutional investors, investment banks, law firms, and Fortune 500 corporate finance teams for diligence, research, and document-intensive workflows.

Product overview

Hebbia offers a single unified AI platform (Matrix) with a layered architecture of modules and add-ons, designed for institutional finance, legal, and Fortune 500 use cases. Matrix, the flagship product, is the AI interface that reasons over any amount and modality of data using Hebbia's proprietary Iterative Source Decomposition (ISD) architecture, outperforming standard retrieval-augmented generation (RAG). Hebbia Projects layers persistent, permissioned collaborative workspaces on top of Matrix for team-based financial workflows; Hebbia Skills encode domain expertise into reusable instruction sets (Hebbia, Organizational, and Personal Skills); and a Global Agent Library provides hundreds of pre-built finance/legal automations. Supporting modules include Chat, Deep Research, Spreadsheets (Excel generation), Slides (PowerPoint generation), the always-on Email Agent (Intern), and the Hebbia API plus Hebbia MCP for external integration. FlashDocs, acquired in June 2025, extends the platform into automated slide deck generation.

Differentiator

Problem solved

Functional benefit

Brands

• Matrix: Hebbia's flagship AI-powered spreadsheet-style interface/platform for institutional intelligence, multi-agent workflows, and document analysis.
• Hebbia Skills
• FlashDocs
• Hebbia Projects

Products and services

• Matrix
• Hebbia Projects
• Hebbia Skills
• FlashDocs
• Hebbia API
• Hebbia MCP
• Hebbia Deep Research

Quantifiable outcome

• 92% accuracy on complex financial/legal tasks vs. 68% with standard RAG
• +5 more outcomes

Named customers24 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability10 records

Feature8 records

Partnerships

21 partnerships are on record, tiered core, flagship and minor.

• SalesforcecoreTechnology or Integration · 1 June 2026Hebbia connects to Salesforce via opt-in integration (Merge API) bringing CRM data — pipeline, account coverage, client activity — into the same context as financial and market research.
• DatabrickscoreTechnology or Integration · 1 June 2026Natural-language querying of Databricks lakehouse from Chat or Matrix; each user authenticates with their own Databricks credentials so they only see data they already have access to.
• PitchBookflagshipTechnology or Integration · 1 May 2026Hebbia's Premium Connector surfaces PitchBook's private capital market data alongside internal documents, CRM notes, and prior deal history; 30+ pre-built Skills leverage the data for PE, IB, credit, and hedge fund workflows.
• Intercontinental Exchange (ICE)coreTechnology or Integration · 1 May 2026Integration bringing ICE's institutional-grade pricing data (equities, ETFs) into Matrix; supports near-real-time price, volume, volatility, and trend queries.
• SS&C Intralinks (DealCentre AI)coreTechnology or Integration · 1 May 2026Integration connecting live deal data from SS&C Intralinks DealCentre AI directly into Hebbia's AI workspace, giving deal teams a continuous workflow from data room to analysis.
• BasetencoreTechnology or Integration · 1 April 2026Dedicated deployment of open-source LLM infrastructure optimized for latency-sensitive financial workloads; delivered 2.5x tokens/sec improvement, 4x faster TTFT, and over 10x inference cost reduction.
• Seyfarth Shaw LLPflagshipStrategic or Co-development Partner · 1 March 2026Strategic legal-sector partnership expanding deployment of Hebbia's Matrix across Seyfarth's transactional practices; firm has processed 7M+ pages of legal documents and is leading the next phase of deal execution and diligence automation.
• PreqinflagshipTechnology or Integration · 1 February 2026Integrated Preqin's private markets data into Matrix via natural language; covers PE, private credit, venture capital, infrastructure, and real estate for LP/GP diligence, screening, and portfolio monitoring.
• Fitch SolutionscoreTechnology or Integration · 1 February 2026Partnership integrating Fitch's credit market intelligence, research, ratings (LevFin Insights, Fitch Credit Research and Ratings, CreditSights Research) into Hebbia for due diligence, covenant reviews, and investment monitoring.
• AnthropicflagshipTechnology or Integration · 1 December 2025Hebbia uses Anthropic Claude models (including Opus 4.7/4.8 and the Mythos-class via Anthropic's API) inside Matrix; co-listed as a PitchBook LLM integration partner alongside Rogo and Perplexity.
• BlackRock AladdincoreTechnology or Integration · 1 December 2025Collaboration integrating Preqin private markets data into Hebbia for BlackRock Aladdin users, connecting Aladdin's institutional asset management platform with Hebbia's AI workflows.
• FactSetflagshipTechnology or Integration · 1 September 2025Strategic partnership integrating FactSet's financial data and analytics into Matrix; FactSet data powers the 'Company Screening' Skill and deep equity/credit research workflows.
• Microsoft Azure (AI Foundry)flagshipTechnology or Integration · 1 August 2025Integrated GPT-5 through Microsoft Azure AI Foundry to power AI-driven solutions for investment banking, PE, asset management, and credit teams; leverages Azure's secure infrastructure for enterprise customers.
• Third BridgeflagshipStrategic or Co-development Partner · 1 July 2025Strategic partnership embedding Third Bridge's expert interview library directly into Hebbia's Matrix; enables investors to run parallel queries across thousands of transcripts with line-item citations and spreadsheet exports.
• OpenAIflagshipTechnology or Integration · 1 March 2025Matrix is powered by OpenAI's o3-mini, o1, GPT-4o, and GPT-5 family models via OpenAI's API; OpenAI published a customer case study on Hebbia. Hebbia contributes over 2% of OpenAI's daily volume.
• SnowflakecoreTechnology or IntegrationSnowflake integration enables Hebbia customers to query private documents and data warehouses directly inside Matrix as part of the unified data connector stack.
• Amazon Web Services (AWS)flagshipTechnology or IntegrationHebbia runs on AWS infrastructure across US-EAST-1, US-WEST-1, EU-WEST-1, and EU-CENTRAL-1 regions; AWS KMS manages AES-256 encryption-at-rest keys.
• Google LLCcoreTechnology or IntegrationHebbia uses Google for LLM capabilities and Google Workspace Enterprise for email and document management; listed as Authorized Sub-Processor.
• Orrick, Herrington & Sutcliffe LLPcoreImplementation/ SI/ Consulting PartnerCustomer story: Orrick's Managing Director Daryl Shetterly publicly cited Hebbia for reshaping corporate due diligence and other legal work.
• Troutman Pepper LockecoreImplementation/ SI/ Consulting PartnerCustomer story: 'Troutman Pepper Locke Sets a New Standard for Client Velocity with Hebbia' — reference deployment for legal innovation.
• Presight (G42)minorStrategic or Co-development PartnerPart of the Presight AI Innovation Ecosystem and Presight AI Accelerator Program; includes R&D lab and commercialization pathway leveraging Presight's enterprise footprint.

Scale indicators15 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• Bloomberg Terminal (with BloombergGPT): Bloomberg Terminal is the dominant incumbent financial data and analytics platform used by nearly every institutional investor and investment bank. Its integration of BloombergGPT and AI-powered search into the Terminal poses the broadest competitive threat to Hebbia's data-and-research workflows.
• BlackRock Aladdin: BlackRock Aladdin is the dominant institutional investment management platform used across asset managers and insurance companies. It already partners with Hebbia (via Preqin integration), but Aladdin's own AI/data capabilities and BlackRock's ownership could create a competing workflow layer for institutional investor customers.
• S&P Capital IQ Pro: S&P Capital IQ Pro is a leading financial data and workflow platform serving the same institutional investor, banker, and corporate strategy buyers as Hebbia. Its embedded AI features and existing FactSet/PitchBook/Preqin-class data moats position it as a broad incumbent competing with Hebbia's research and screening use cases.

Direct peers

• Tegus (AlphaSense): Tegus operates an expert interview library that is now part of AlphaSense and directly competes with Hebbia's Third Bridge integration for expert call synthesis and primary research workflows used by PE and hedge fund investors.
• Rogo: Rogo is an AI platform purpose-built for investment banking and private equity workflows, including CIM creation, comps, and pitch decks. It is the most directly comparable competitor to Hebbia's investment banking use cases and was named alongside Hebbia by Citi's investment banking division.
• AlphaSense: AlphaSense is an enterprise market intelligence platform for financial services, research, and consulting teams, with the Tegus expert interview library integrated. Competes with Hebbia for institutional investor and corporate strategy workflows around document analysis, expert insights, and earnings research.
• Harvey: Harvey is a generative AI platform built for elite law firms and in-house legal teams, serving many of the same Am Law firms (Cleary Gottlieb, Latham & Watkins, Ropes & Gray) that also use Hebbia. Directly competes with Hebbia's Professional Services vertical; hired away Hebbia's legal vertical lead Ryan Samii in December 2025.

Emerging players

• Glean: Glean is an enterprise AI search and assistant platform that indexes a company's internal documents and apps. While less vertically specialized for finance/legal, Glean competes with Hebbia's Projects and Chat experiences for enterprise knowledge worker workflows and Fortune 500 buyers.
• Luminance: Luminance is an AI-powered contract analysis and legal document review platform used by law firms and enterprises. Directly competes with Hebbia's Professional Services vertical for contract review and due diligence automation.
• Elicit: Elicit is an AI research assistant that automates literature review and document analysis, with growing traction in finance and consulting workflows. Adjacent to Hebbia's research and diligence use cases but less vertically specialized.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hebbia
• YouTubeyoutube.com/@HebbiaAI
• LinkedInlinkedin.com/company/hebbia

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hebbia