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New York-based AI startu
stanley hrnek p聽Hebbia聽has raised $130 in a new funding round.The company plans to use the funding,聽announced聽on its website Monday July 8 , as it continues to refine its tool, which uses artificial intelligence AI to search through documents and answer complex queries.The Series B round was led by Andreessen Horowitz, along with investments from Index Ventures, Google Ventures and billionaire tech investor Peter Thiel. Designed for the knowledge worker, Hebbia lets you instruct AI agents to complete tasks exactly the way you do them 鈥?no task too complex, no dataset too large, and with full flexibility and transparency of a spreadsheet, the company said.The announcement provides examples of how Hebbias product has helped its clients. For example, during the聽Silicon Va
stanley us lley Bank crisis, asset managers were able to sift through millions of documents to determine exposure to regional banks. It can execute complex workflows, not just chat back and forth, 聽George Sivulka, Hebbias founder and chief executive officer, told Bloomberg News.That report, citing a source familiar with the matter, said the funding round has valued Hebbia at around聽$700 million.The funding comes as AI continues to be聽integrated into the enterprise setting, as PYMNTS wrote in a report last week. The ChatGPT light bulb聽went off聽in ev
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Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status.Bloomberg, citing people familiar with the matter, reported that Affirm is in talks for a round of financing totaling around $150 million. With the added investment, the lending company would be valued at $1.5 billion 鈥?which would be around double its valuation in April of
stanley mugs 2016, when it had its latest round of fundraising. Affirm declined to comment on the report of the round of funding, noted Bl
stanley kubek oomberg.People familiar with the matter said the funding would include a new investor that wasnt named. Current investors 鈥?including Founders Fund, Lightspeed Venture Partners, Khosla Ventures and Spark Capital 鈥?will take part in the investment round. To date, Affirm has raised more than $650 million, according to research firm CB Insights.News of the funding comes as Affirm is looking to bran
stanley cup ch into new markets. During The Wall Street Journal 8216 WSJ D.Live technology conference earlier this year, Max Levchin, founder and CEO of Affirm, said the company is moving toward providing financial advice. Levchin founded Affirm to address what he saw as a serious misalignment of goals in much of the existing lending practices, with some businesses building entire models on fat late fees and a hope that their consumers will fail to pay their loans on time.Its a problem, Levchin has long noted, that there are banks whose success conditions de
