Rogo, Hebbia Revenue Rises as Claude Finance Threat Looms

Finance-AI startups Rogo and Hebbia are growing but face competition from Anthropic, OpenAI and customers’ internal agents. Rogo passed $50M ARR (from $15M at end-2025) and may reach ~$100M ARR early next year; 200+ employees; raised $313.57M; valued at $2B in April. Hebbia reached nearly $50M ARR; 180 employees after hiring ~100 since January; raised $159M; last valued at $700M in October 2024; about $70M cash remaining and declined to raise in an exploratory process. Hebbia won a Morgan Stanley contract covering ~5,000 workers after a six-month-plus pilot (Matrix product). Anthropic’s Claude for Finance (July 2025) and OpenAI’s finance tooling are framed as existential competitive pressure. Revenue figures are attributed to sources with direct knowledge.