Hebbia is software that reads huge piles of documents very fast. A deal team points it at a data room — hundreds of contracts, financial models, call transcripts — and asks questions. It answers quickly and shows which page each answer came from. It is very good at this. It is probably the best product in a crowded field of products that all do roughly this.
Loomworks is not a document reader. It is the fund's own record — a permanent, organized account of everything the team learned and decided about a deal, and about the fund itself, kept from the first look at a company through the years you hold it and beyond.
FORAY sits underneath. It is a way of writing business records down so that nobody — not the company, not the fund, not the software — can quietly change them afterwards. Every entry is sealed the moment it is made.
Hebbia reads documents that someone else wrote. Loomworks keeps the record of what your team came to know.
Think about where the real gold in diligence actually comes from. The customer who says, off the record, "we'd survive without them." The former employee who hesitates before answering. The partner who disagrees with the deal and says why. The founder's number that didn't survive a second look.
None of that is a document. Hebbia cannot read it, because it was never written down anywhere — until your team puts it in the record. Loomworks is where it goes: who said it, when, what it changed, and what got corrected later. The correction never erases the original — you can always see what you believed before and what changed your mind.
The record outlives the deal. Diligence takes weeks. You hold the company for years. Boards send you polished quarterly decks, written by the people the decks are about. A record that started at first contact and never stopped is worth more every year you own the company.
The record outlives the people. Funds run for a decade. Partners leave. A new partner in year six can open the record and understand exactly why the fund passed on a company in year two — without finding the person who was there, because the record can answer for itself.
The record can be proven. When a limited partner, an auditor, or a lawyer asks "what did you know, and when did you know it?" — a folder of documents and a memo is an argument. A sealed record where every entry shows who made it, when, and whether a machine helped, is an answer. That is what FORAY adds: not a claim of good process, but proof of it.
You always decide. Hebbia's newest feature is agents that run tasks on their own and send results up the chain. Loomworks is built the opposite way on purpose: the system gathers, organizes, and flags — and a human approves every step that matters. Nothing about a deal ever moves on its own.
If the job is "answer questions across ten thousand pages this afternoon," Hebbia wins, and we should never pretend otherwise. It also connects to more data sources today, and it has years of big-name customers behind it. We do not sell fast reading. We sell the record — and today that is exactly what we can show.
A fund can use both. Hebbia finds things; Loomworks keeps what the team decides those findings mean. Anything a tool like Hebbia produces can go into the record marked, permanently, as machine-assisted — which matters, because right now most teams re-check machine answers by hand and then that checking vanishes. In the record, it doesn't.