A diligence accelerator is not a decision system.
Hebbia is excellent at one thing: getting answers out of a data room faster. The question Capital Refinery answers is the one that comes after — what happens to that intelligence the moment the wire goes through.
What Hebbia does well, and where the line is.
What Hebbia is built for
Generative search and synthesis across diligence documents.
Multi-document Q&A, citation-backed extraction, and analyst-grade synthesis on the contents of a data room. For deal teams under time pressure during diligence, it shortens the time from raw documents to a working understanding of a target.
What it is not built for
Continuous decision governance after the deal closes.
Hebbia operates inside the diligence window. It does not maintain a structured investment record bound to the IC decision. It does not connect operator data flowing in post-close to the assumptions that justified the entry price. It is a diligence tool, not a decision system.
Where Capital Refinery sits next to it
On the other side of close.
Capital Refinery starts where Hebbia ends. The structured investment record locks at IC. Operator updates are tested against the entry assumptions. Decision validity is a live score. The two systems are complementary — Hebbia accelerates entry, Capital Refinery governs the position.
Where the lines fall.
| Capability | Hebbia | Capital Refinery |
|---|---|---|
| Diligence-window document Q&A | Strong — core capability | Not the goal — uses deterministic extraction |
| Structured investment record at IC | No | Yes — bound at approval, with thesis and conditions |
| Operator data → entry assumption mapping | No | Yes — the data model |
| Decision validity scoring | No | Yes — live across the position |
| Time-to-consequence ranking | No | Yes — across the book |
| Provenance trail to source page | Yes — strong | Yes — every figure has a candidate ID |
See how the two fit together.
If your team already runs Hebbia for diligence, the natural next question is what governs the position after close. Bring us a deal you closed last quarter — we'll show you on real data.