Hebbia

Hebbia is an artificial intelligence platform built for the most document heavy work in finance and law. Founded out of Stanford by chief executive George Sivulka, the company raised a one hundred thirty million dollar Series B led by Andreessen Horowitz at a seven hundred million dollar valuation, with backers including Peter Thiel, Index Ventures, and Google Ventures. Its flagship product, Matrix, is used by more than a third of the largest asset managers, along with firms like KKR, Centerview Partners, MetLife, and even the United States Air Force, and it has processed more than one billion pages.

What sets Hebbia apart is its agent swarm architecture. Rather than routing a question to a single model, Matrix decomposes a complex query into structured analytical steps and orchestrates many agents in parallel, each reasoning over full documents rather than short excerpts. The company built a distributed orchestration engine that gives large language models an effectively infinite context window, which lets Matrix reason across thousands of proprietary documents at once and, on a rigorous finance and legal benchmark, reach far higher accuracy than out of the box retrieval augmented generation.

Matrix presents its work in a transparent grid where every answer carries citations and every reasoning step is visible, so analysts can audit, validate, and co-work with the agents rather than trust a black box. It routes each task to the best model for the job across OpenAI and Anthropic, and it integrates with the financial data providers professionals already use, including FactSet, PitchBook, S&P Capital IQ, and Preqin, alongside a firm's private documents and public filings. Hebbia never trains on customer data.

The result is an AI associate that compresses work once measured in analyst days into seconds. Investment bankers use Matrix to build first draft pitch decks and confidential information memorandums that match firm templates, private credit teams extract loan terms and covenants, and private equity teams run screening and due diligence. With its 2025 acquisition of FlashDocs, Hebbia added automated generation of enterprise grade presentations, closing the last mile from research to finished deliverable.