Hebbia Provides AI Tools to Investment Banks and Law Firms

Hebbia, a financial services AI startup founded in 2020, is deploying AI-enabled tools to streamline operations for law firms, consulting agencies, and investment banks. The company currently serves a client base that includes KKR, Centerview, and Permira, with primary adoption occurring among buy-side firms and hundreds of sell-side bankers.

Founder George Sivulka argues that adopting specialized third-party tools is more cost-effective than requiring firms to spend millions on internal builds. The startup's growth is supported by $130 million in Series B funding from investors including Peter Thiel, Google Ventures, and Andreessen Horowitz.

The adoption of the software is altering the professional development of junior bankers, who are now gaining proficiency in Hebbia alongside traditional industry tools like Excel.