Hebbia's ARR has grown substantially to nearly $50M, up from $13M during its Series B funding in July 2024.

A key growth driver was winning a high-profile contract with Morgan Stanley, enabling the deployment of its AI tools to approximately 5,000 bankers after a competitive six-month bake-off against competitors such as Rogo.

This achievement has further strengthened Hebbia’s position in the enterprise AI sector. The company currently holds around $70M in cash reserves and was last valued at $700M in 2024.