The short answer
Neither Hebbia nor Rogo publishes a seat price. Sacra estimates Hebbia Professional at about $10,000 per seat annually and Rogo at about $3,300. For 25 bankers or analysts, those unconfirmed estimates imply $250,000 versus about $82,500 a year, before Rogo's paid data access. Rogo fits finance workflows in Office and licensed financial data. Hebbia's Matrix grid fits analysis across many long documents. Use the numbers to frame a budget, then compare written quotes and a pilot on your own work.
Vendor pages and Sacra's Rogo research read October 25, 2026. Hebbia's Sacra estimates and Fair Use Policy are from September 30, 2026. Secondary estimates are planning figures, not vendor quotes.
For a managing director, VP or COO buying for 10 to 50 people, the question is whether the contract improves the work that reaches an investment committee or client. An analyst comparing credit agreements needs different evidence from a banker building a presentation with licensed market data.
This Hebbia vs Rogo pricing comparison separates published facts from secondary estimates and turns those estimates into annual budgets. If the shortlist is still open, our Hebbia alternatives compared on price covers the wider choice. InSearch serves a different need, company search for the rest of the firm, rather than specialist deal analysis.
How much does Rogo cost per seat?
Rogo does not publish a per-seat price. Sacra estimates about $3,300 per seat annually, with additional revenue from specialized data access and paid features. That is a planning reference, not a Rogo quote. Sacra also describes multi-year contracts, so annual seat cost alone does not capture the commitment.
Rogo's website describes it as "AI for the most ambitious firms in finance" and offers "Request demo". Its /pricing URL returns 404 on October 25, 2026. There is no public rate card to reconcile against the estimate in Sacra's Rogo profile.
Sacra describes use through Excel, PowerPoint, Word and a chat workspace connected to internal documents and licensed financial data, with single-tenant deployments. It identifies data providers such as LSEG, PitchBook and Quartr. Ask which feeds the quote includes, which cost extra and which may require your own licenses. Access to a platform does not establish the rights to every dataset.
Some blogs claim $30,000 to $80,000 per banker annually. Those figures are unverified and roughly ten times Sacra's estimate, creating a contradiction rather than a usable budget range. Do not adopt them as Rogo's price. Ask the vendor to separate software seats, specialized data access and paid features in writing.
How much does Hebbia cost per seat?
Hebbia publishes no seat price. Sacra estimates about $10,000 per Professional seat annually and $3,000 to $3,500 per Lite seat annually, without confirmation from Hebbia. Those tier names do not appear on Hebbia's website. Treat both as labels from secondary research until a written proposal defines the licenses you can buy.
The Hebbia pricing page shows "Request a demo" but no price on October 25, 2026; its body also shows "Failed to load page data from Contentful". That error alone proves little, but 16 archived copies from November 2024 to August 2026 also show no price. Our Hebbia pricing breakdown keeps the source distinctions together. Sacra's April 2025 version gives an approximately $15,000 sticker figure, another reason to request current terms.
Hebbia names Matrix and Max as products and sells to investing, banking, legal and corporate teams. Its Fair Use Policy assigns each "Core User License" to one named individual. It prohibits shared or pooled accounts, seat swapping and scripts or APIs replacing licensed users. Extra licenses may be required after a 10 business day cure period.
Usage is unlimited within fair use, with no published credits. That does not turn a named seat into a departmental license. Before budgeting a mixed Professional and Lite purchase, ask what each quoted license permits and whether the proposed division matches who actually uses it.
Hebbia vs Rogo cost for 10, 25 and 50 seats
Using unconfirmed Sacra estimates, 10 seats imply $100,000 annually for Hebbia Professional or about $33,000 for Rogo. At 25 seats, the figures are $250,000 and $82,500; at 50, $500,000 and $165,000. Rogo's estimated base excludes paid data access. Written quotes determine the actual budget for either product.
| Purchase | Seats | Annual base cost |
|---|---|---|
| Hebbia Professional, secondary estimate | 10 | $100,000 |
| Rogo, secondary estimate | 10 | About $33,000 |
| Hebbia Professional, secondary estimate | 25 | $250,000 |
| Rogo, secondary estimate | 25 | About $82,500 |
| Hebbia Professional, secondary estimate | 50 | $500,000 |
| Rogo, secondary estimate | 50 | About $165,000 |
| Hebbia mixed licenses, secondary estimate | 10 Professional + 20 Lite | $160,000 to $170,000 |
| InSearch Business for the rest of the firm, billed annually | 100 | $38,400 |
| InSearch Team for the rest of the firm, billed annually | 100 | $24,000 |
The Hebbia and Rogo rows are arithmetic from secondary estimates, not confirmed offers or equivalent packages. The mixed Hebbia row assumes the estimated Lite tier is available for those users. Rogo's total may include paid data access and separate licenses for some feeds. The InSearch rows cover a different population and job, with published subscription rates rather than estimated deal software pricing.
Is Rogo a true alternative to Hebbia?
Yes, Rogo is a credible alternative for finance teams whose work combines internal documents, licensed financial data and Office deliverables. It is not automatically a substitute for every Hebbia workflow. Hebbia's Matrix grid is strongest for comparing many long documents with citations, so the answer depends on the work your team repeats.
A PE or credit fund may need both kinds of evidence in the same investment process. Comparing clauses across a data room and gathering market information for a presentation are different tests. Give both vendors the same source set and expected deliverable, then inspect completeness, citations and the edits an analyst still makes.
Keep corporate development screening distinct from document diligence. Teams that also need an indicative value for an AI or software business for sale can use that early estimate to frame screening, while testing Hebbia or Rogo against the underlying documents before an investment decision.
For a broader shortlist, use Hebbia alternatives compared on price. If the actual requirement is finding knowledge across the firm rather than producing deal analysis, our Hebbia vs Glean pricing comparison addresses that distinction.
Which is better for investment banking, Hebbia or Rogo?
Rogo is built finance-first around banker workflows in Office and licensed financial data. Hebbia's Matrix grid is strongest when the task is reading every document in a data room or comparing long legal and credit documents. Neither positioning settles your purchase. A pilot on your own documents decides which delivers usable work.
For an advisory boutique, test whether the research reaches the presentation or spreadsheet in a form the team can check. For a credit fund, ask both tools to identify exceptions across agreements and show their sources. Include conflicting statements and missing information, then judge whether the output makes uncertainty visible.
Security review belongs beside that work test. Rogo lists SOC 2 Type II, ISO 27001, ISO 42001, GDPR, CCPA and EU AI Act on its website. Ask for the relevant documentation and contractual scope rather than treating website labels as a completed review. Sacra's description of single-tenant deployments also needs confirmation for your proposed contract.
What to ask for in a Hebbia or Rogo pilot
Agree on success criteria and conversion terms before the pilot starts. Ask for the per-seat price if you convert, the count of named users, data feed costs and contract length. Sacra describes Rogo selling multi-year contracts, while Hebbia's named-user rules make the proposed user list part of the commercial decision.
Put the test deliverables in writing. Require citations that reviewers can open, coverage of the supplied documents and an explanation of unsupported answers. Have the bankers or analysts who own the task review the results. A vendor demonstration helps explain features; your own documents show whether the output survives review.
- Define acceptance. Agree what a usable research note, comparison grid or presentation contains and who approves it.
- Price conversion. Record the license types, named users, annual cost and any paid features in the proposal.
- Separate data rights. List included feeds, additional charges and any licenses your firm may need to supply.
- Read the commitment. Confirm contract length, renewal terms and how user changes work, including Hebbia's restrictions on seat swapping.
Compare the resulting proposals against the same scope. A lower base estimate means little if the quote omits data or users required for the work. Do not approve a wider rollout solely because a smaller pilot succeeds.
Does the rest of the firm need Hebbia or Rogo?
No, employees in operations, IR, compliance and finance usually need company-wide cited search rather than specialist deal analysis. InSearch serves that need across workplace apps. Team starts at $20 per user per month billed annually with a 3 seat minimum, while Business adds the connectors needed for a broader company search.
Keep the budgets separate. Hebbia or Rogo can serve the bankers and analysts whose work justifies the specialist contract. Other employees may simply need an internal policy, a discussion or an answer supported by company records. InSearch is a cross-app workplace search tool, not a Hebbia or Rogo competitor for deal work.
InSearch Team connects Drive, Slack and Notion. Business costs $32 per user per month billed annually and adds Confluence, Jira, Salesforce and Gmail. For 100 employees, that is $24,000 annually on Team or $38,400 on Business. Choose the plan around where the firm's answers live.
InSearch is buyable by card, with a 3 seat minimum. See InSearch plans and pricing to budget company-wide cited search alongside whichever specialist platform wins the deal team's pilot.