Dispatches
Customer story

Investment memo drafting

Forward a virtual data room to Athena and receive a first-draft IC memo with every claim cited and deep-linked to the source page—turning a weekend of extraction into a weekend of judgment.

WeekendTime an associate spends drafting the IC memoBeforeAfterVDR link arrivesRead documentsExtract claimsDraft memo manuallySearch for sourcesAssociate spends weekend on extractionForward to AOPCited memo returnsReview judgmentWeekend on judgment insteadBefore: reading and extracting claims from the data roomSESSIONFwd: VDR access – Series B diligenceVirtual data roomQ4_Financials, Cap_Table…Forwarded to diligence AOP · 18:32Forward the VDR link or files to the diligence AOPVirtual data room filesQ4_Financials.pdfRevenue growth extractedCap_Table.xlsxMargin data extractedCustomer_ContractsConcentration notedAudited_Financials.pdfCitations linked×Claims extractedand sourcedAthena reads each document and extracts cited claimsInvestment Committee MemoThe company reported strong revenue growth… growth in themost recent quarter.Gross margin expanded over the trailing months.The management team has scaled engineering headcountsince the previous round.Customer concentration: the top three accountsrepresent a material portion of revenue.The data room includes audited financials, captable, and customer contracts.Q4_Financials.pdfp. 3Cap_Table.xlsxSheet 2Drafted by Athena · 09:14First draft with every claim deep-linked to source pageAthena wants toSend first-draft IC memo to associateCitations link to data room pagesMemo does not yet include your thesisAssociate reviews for judgmentWAITING FOR A PERSONAssociate spends weekend on judgmentIt knows documents, not thesisThe associate reviews and adds judgment to the draftForward it. Read it. Decide.athenaintel.com
Fig. 02The story in 24 seconds, from the old way to “Forward it. Read it. Decide.”
Before · what we did · after
  1. Before

    A virtual data room lands. An associate spends the weekend reading it and drafting the investment committee memo.

  2. What we did

    Gave the diligence AOP a dedicated email address. Forward the virtual data room (VDR) link or the files to it.

  3. After

    A first-draft IC memo comes back with a citation on every claim, deep-linked to the page in the source document. The associate spends the weekend on judgment instead of extraction.

Investment Committee Memo — DraftThe company reported strong revenue growth in themost recent quarter.Gross margin expanded year over year.The management team has scaled engineering headcountsince the previous round.Customer concentration: the top three accountsrepresent a significant portion of revenue.The data room includes audited financials, captable, and customer contracts.Q4_Financials.pdfp. 3Cap_Table.xlsxSheet 2Drafted by Athena · 09:14
Fig. 01Every claim in the IC memo links back to the page in the data room
How long it takes · what to plan for

The memo is a first draft. It does not know your thesis. It knows the documents.

Forward it. Read it. Decide.

Example workflow

Virtual data room to cited investment committee memo

SURFACES INWHAT COMES INTHE PLATFORMWHAT GOES OUTDELIVERED BACKWebMobile · voiceText (SMS)Slack · TeamsChromeOffice add-inMeeting botMeetingsWordPowerPointSheetsFiles · PDFsDataAgentsAppsLibrarySessionsSpacesStudiosMeetingsLakehouseSemantic modelsDatabaseDashboardsPowerPointSheetsDashboardsData · APIsApps · portalsWebMobile · voiceText (SMS)Slack · TeamsChromeOffice add-inMeeting botEmail1Workflows (AOPs)2Word3Email41 INAssociate forwards VDRlink or files to thediligence AOP emailaddress2 RUNDiligence AOP reads thedata room, extractsclaims, and drafts the ICmemo3 ANSWERFirst-draft IC memogenerated with citationsdeep-linked to sourcepages4 REVIEWAssociate reviews memo,applies judgment, andprepares for investmentcommittee
Fig. 03The route on the system map: Email → Workflows (AOPs) → Word. Connectors: Email forward to AOP address
What it runs on
What customers say
“One workspace. All different, let's say, avatars of their output data. Right? Suddenly, it's dashboard. Excel is here. PowerPoint is when it's all together. It's very impressive.”
Global Sustainability lead · A global manufacturer
“There's one thing that this platform did, which I've never seen any other platform do... it always keeps my continuity as I'm moving around... it automatically knows where all my documents are, knows where everything is, and knows where I was.”
R&D lead · A global manufacturer
“Use the Athena platform probably closer to the concept and how it was designed, like, with the spaces architecture where you've got a set of primitives and capabilities, and you bring together the right set of capabilities to solve a task.”
Audit lead · A global professional services firm
“They said that the human cannot multitask, which is true, but Athena can. Without any issue. So I have on a regular basis four or five sessions open.”
Manufacturing analyst · A global manufacturer
“Wow. Athena is a beast. I have fourteen threads that are going in parallel.”
R&D lead · A global manufacturer
“I'm very excited. This is something that I have been piecemealing with the limited tools that analysts get... rather than me at nine PM getting a failure email and deciding I'll just do it myself.”
DC Ops Data & Analytics lead · A Fortune 500 retailer
“It's good to understand the capability of the platform. That how far, and how quickly you guys can get these things going [...] that has been impressive overall.”
VP-level AI leader · A Fortune 500 retailer
“Lets us get a lot more out of our data than [...] We can sit on top of all of the data in [our data warehouse] as opposed to just, like, our little ingested, you know, three gigabytes semantic models. I think we have a lot of power here.”
Analytics lead · A Fortune 500 retailer
“Digital worker, it gets spun up, it gets given access to the toolkits that it needs. It gets given access to the data that it needs. Just exists for the period it needs to exist to perform the task. And then it gets torn back down again afterwards.”
Audit lead · A global professional services firm
“I like that direction, that concept of the agent is the agent. It becomes an entity in its own right with its own ownership and its own missioning, and you get rid of the gray area and the blurry lines.”
Audit lead · A global professional services firm

Verbatim from customer calls. Customers anonymized.

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