AI Techno Byte

Artificial Intelligence

AI startup Hebbia rased $130M at a $700M valuation on $13 million of profitable revenue

admin11 months ago05 mins

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led by Andresen Horowitz with participation of Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) is becoming…

GPTZero’s founders, still in their 20s, have a profitable AI detection startup, millions in the bank and a new $10M Series A

admin11 months ago011 mins

Among all the young AI startups being ruthlessly pursued by VCs these days, GPTZero has already grown into profitability in its first year and a half of life, generating millions in revenue. Founded by 24-year-old Edward Tian and 26-year-old Alex Cui, who’ve been friends since high school, GPTZero offers a detection tool that helps identify…