Public Announcement
Contact: Elizabeth Pearce                
               Vice President, Business Development                 
                Elizabeth@Project-Athena.com                  
                415-595-4784                                    

March 14, 2023
For Immediate Release

Athena Intelligence Announces
Strategic Investment by The Mahoney Group

Athena Intelligence is a next-generation InsurTech data vendor which produces synthetic data and assesses wildfire risk and probability of property damage. Through Athena’s Voice of the Acre® technology, the Earth’s essential data is refined, making it easy for enterprises to use environmental information for proprietary business decisions and risk management.

“Our goal is to give voice to the information, or data, of the Earth. We use machine learning to solve for the efficient use of, and access to, the data that already exists, but is difficult to use in scalable business decisions,” said David Sypnieski, CEO and founder.

Wildfires hit unevenly, the product of fuel, moisture, and topography. Athena has the ability to foresee which buildings, in high-risk areas, are most susceptible to damage, a year or more in advance.

Athena refines disaggregated and unstructured data into pixels of new data, which are computable and usable in business decisions. This essential data of the land can then be combined with scientific research, using machine learning.  “From this, business decisions can be made. We let the PhDs do what they do and turn their insights into useful knowledge for property insurers,” said Emilio Figueroa, a Strategic Advisor with Athena Intelligence.  

Since its founding in 1915, The Mahoney Group has sought to leverage the latest tools and technology to bring the best insurance coverage to its clients. “Our relationship with Athena Intelligence will help us continue to assist our clients as well as attract new clients through our innovative risk management strategies and capabilities,” said David Cummard, Executive Vice-President at The Mahoney Group.

About Athena Intelligence

Athena Intelligence, headquartered in Sacramento, is a synthetic data vendor focused on reducing the friction between businesses and their land-based operations, starting with wildfire risk. While there is as much data generated around every acre of land as there is around consumers, only a fraction of an acre’s data is effectively utilized in economic decisions, because the land has been mute, and the data collected has been difficult to aggregate.

Through the Voice of the Acre® the earth’s essential data is refined, making it easy for enterprises to use environmental information for proprietary business decisions and risk management. Athena was able to leverage over a decade of forecasting experience using artificial intelligence for decision making in agriculture, wildfire, other terrain-based risks, utilizing cloud credits to build on Google Cloud. The core team also has over 60 years of experience in the insurance industry.   For more information, visit www.athwenaintel.io

About The Mahoney Group

The Mahoney Group, based in Mesa, Ariz., is one of the largest independent business insurance, employee benefits and risk management brokerages in the U.S. The Mahoney Group is a member in Assurex, an exclusive partnership of the most prominent independent insurance and risk management brokers worldwide, generating $30 billion in annual premium. Visit www.MahoneyGroup.com

Athena Intelligence, a leading InsurTech wildfire risk analysis company, today announced the closing of a strategic investment by The Mahoney Group. This investment extends Mahoney Group’s leadership as a forward-thinking partner in the world’s largest privately held insurance brokerage group, Assurex Global.