VERIFY RECORD

Hebbia

5 of 9 claims verified

5 of 9 key claims verified, 4 thin. Core Series B, revenue-at-raise, asset-manager penetration, and FlashDocs acquisition are confirmed; current headcount, later ARR, usage-scale numbers, and OpenAI-volume claim rest on single or first-party sources only.

Claims

[verified]
Founded August 2020 by George Sivulka, a Stanford electrical engineering PhD student, as sole founder
Some secondary aggregator sites list Lukas Schmit and Tim Lupo as additional co-founders; TechCrunch and Wikipedia both describe Sivulka as sole founder. Discrepancy unresolved, flagged in gaps.
techcrunch.com en.wikipedia.org
[verified]
Raised $130M Series B led by Andreessen Horowitz in July 2024 at a $700M valuation, with Index Ventures, Google Ventures, and Peter Thiel participating
Total lifetime funding of roughly $161M across four rounds (2020 Thiel/Floodgate angel, 2022 $30M Series A led by Index, 2024 $130M Series B) is consistent across Wikipedia and Sacra. No new funding round beyond the July 2024 Series B was found as of this research (July 2026).
techcrunch.com hebbia.com en.wikipedia.org sacra.com
[verified]
Had $13M ARR and was profitable at the time of the July 2024 Series B, after growing revenue 15x over the prior 18 months
TechCrunch reports the company was profitable when pitching investors and valued at ~54x ARR; Sacra's independent estimate corroborates $13M ARR as of June 2024.
techcrunch.com sacra.com
[verified]
Used by 30% of all asset managers (some sources say 33% of top asset managers by AUM)
TechCrunch directly quotes '30% of all asset managers' (July 2024). A different figure of '33% of top asset managers by AUM' circulates on secondary sites but was not independently fetched/confirmed; treat 30% as the sourced number.
techcrunch.com
[verified]
Acquired FlashDocs (generative AI slide-deck startup) on June 26, 2025, expanding into content generation; deal terms undisclosed
Corroborated in search results by Businesswire, Finsmes, and Yahoo Finance coverage, though direct fetch of the Businesswire release timed out.
hebbia.com
[thin]
$24.6M ARR as of 2025
Figure comes only from getlatka.com, a paid data-aggregator site; not corroborated by any primary source or independent outlet found.
[thin]
Current headcount (variously reported 95 in Nov 2024, 134-138 in 2025, 158 as of May 2026)
No official headcount disclosure from Hebbia found. All figures trace to third-party data aggregators (LeadIQ, PitchBook, Tracxn, Growjo) that disagree with each other by 20-60%.
[thin]
$30 trillion in AUM from customer firms; 200,000 average prompts per day; 1.5 billion pages processed
First-party claims on Hebbia's own homepage with no independent third-party corroboration found.
hebbia.com
[thin]
Drives 'over 2% of OpenAI's daily volume'
Self-reported by Hebbia in its own Series B announcement blog post; no confirmation from OpenAI or an independent source. An OpenAI customer-story page (openai.com/index/hebbia/) with a title referencing '90% of finance and legal work' automated was found in search results but returned HTTP 403 on fetch, so its content could not be verified and is not used as evidence.
hebbia.com

Gaps

Could not fetch openai.com/index/hebbia/ (403 Forbidden) to verify OpenAI's own claims about Hebbia, including a stated '90% of finance and legal work automated with agents.'
No official/primary-sourced current headcount figure from Hebbia itself.
No confirmation of any funding round after the July 2024 Series B as of this research date (July 2026).
Founder count discrepancy (sole founder vs. three co-founders) not resolved by primary sourcing.