Hebbia, a leading AI platform for finance, announced a strategic partnership with FactSet, a global provider of financial data and analytics, through FactSet’s AI Partner Program. This collaboration integrates FactSet’s high-quality market, company, and estimates data into Hebbia’s Matrix platform, enabling financial professionals to combine structured and unstructured data for faster, more informed decision-making.
Announcement: Hebbia and FactSet partner to integrate data into Hebbia’s Matrix platform, announced September 8, 2025.
Key Features: Combines FactSet’s structured data with Hebbia’s unstructured insights via Iterative Source Decomposition (ISD).
Impact: Enhances real-time due diligence, financial modeling, and decision-making for asset managers and investment banks.
Clients: Hebbia serves BlackRock, Carlyle, Centerview, and 40% of top asset managers by AUM, managing over $15T.
Leadership: Danny Wheller (Hebbia VP of Business & Growth) and Alex Nacht (FactSet Head of AI Strategy) lead the initiative.
Availability: FactSet data now accessible within Hebbia’s workflows.
The partnership enables Hebbia users to access FactSet’s best-in-class financial data—covering company financials, market prices, and estimates—directly within the Matrix platform. Hebbia’s proprietary Iterative Source Decomposition (ISD) technology integrates this structured data with unstructured insights from historical transactions and internal/external documents, allowing analysts to cross-reference trusted market data in real time. This streamlines workflows like due diligence, deal sourcing, and portfolio monitoring, providing a competitive edge in financial decision-making.
“FactSet is a market leader in financial data that every investment banker and investor uses,” said Danny Wheller, VP of Business & Growth at Hebbia. “Bringing FactSet into Hebbia means our users can enrich their analysis so they can find positive alpha and act on it fast.”
Alex Nacht, Head of AI Strategy at FactSet, added, “By leveraging FactSet’s trusted data, financial professionals using Hebbia can enrich their AI-powered analysis so they can uncover the insights others miss.”
The integration empowers users to validate assumptions, identify risks, and uncover opportunities by combining FactSet’s structured data with Hebbia’s AI-driven analysis of unstructured sources, such as SEC filings and virtual data rooms. This capability enhances tasks like financial modeling, memo drafting, and credit underwriting, delivering transparent, citation-backed insights in minutes. The partnership aligns with Hebbia’s mission to automate 90% of finance and legal workflows, as seen in its recent integrations with Third Bridge and Microsoft Azure AI Foundry.
Hebbia, founded in 2020 by George Sivulka, has raised $130M at a $700M valuation and serves 30% of top asset managers, including BlackRock and Carlyle. FactSet, with nearly 8,000 global clients, enhances its AI strategy through this partnership, building on innovations like its Portfolio Commentary solution. The global AI in finance market is projected to reach $135B by 2030, with partnerships like this driving adoption in investment banking and asset management. Posts on X highlight AI’s growing impact in financial services, with Hebbia noted for its role in deal sourcing and diligence.
Founded in 2020, Hebbia is a generative AI company backed by Peter Thiel and Andreessen Horowitz. Its Matrix platform delivers industry-leading accuracy, speed, and transparency, managing over $15T in assets for clients like BlackRock and Centerview.
FactSet (NYSE: FDS) provides financial data, analytics, and AI solutions to nearly 8,000 global clients, empowering investment professionals with trusted insights.
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