Artificial intelligence startup Hebbia completed a $130 million funding round led by a16z, with participation from Index Ventures, Google Ventures and billionaire Peter Thiel. The New York-based company is currently valued at about $700 million, according to a person familiar with the matter. Hebbia plans to use the new funding to conduct research and hire more software engineers. Founded in 2020, Hebbia uses artificial intelligence technology to help companies sift through various documents to answer complex questions. Its clients include the US Air Force, asset managers and legal services firms.