Hebbia
ConvictionContext
B2B subscription SaaS, per-seat + platform pricing (Pro seats ~$10K/yr, Lite ~$3-3.5K/yr; avg contract value ~$500K), sold direct to financial services, consulting and legal enterprises
Revenue
~$13M ARRcompany-disclosed, Jun 2024); third-party estimates put ARR at ~$30M by end-2024 and 2025 revenue meaningfully higher (unverified, not company-confirmed; estimates diverge widelyRev growth
~15x over the 18 months to mid-2024company-disclosed); later growth not officially disclosedGross margin
not disclosedSaaS-typical high gross margin partly offset by LLM inference COGSOp margin
not disclosedcompany said it was profitable at the Series B raise (Jul 2024Capex intensity
low - asset-light softwareprimary variable cost is third-party LLM inference, not owned computeValuation
~$700MSeries B post-money, Jul 2024, a16z-led; last disclosed markValuation trail
Series B ($130M at ~$700M post-money) on ~$13M ARR, profitable70.0× since 2020
3 marks · 2020–Jul 2024
private — no public price
Priced round
Only the Series B ~$700M mark is company-disclosed; Seed and Series A valuations were not published and are round-implied estimates. No Series C or secondary priced round had been disclosed as of the vintage (mid-2026), so the trail ends at the Jul-2024 Series B.
The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Hebbia
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
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