Athena Artificial Intelligence Pty Ltd
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Athena Artificial Intelligence Pty Ltd - overview
Established
2023
Location
Murarrie, QLD, Australia
Primary Industry
Software
About
Athena Artificial Intelligence Pty Ltd develops advanced AI systems leveraging computer vision to enhance decision-making in military and defense operations, focusing on speed and accuracy in high-pressure environments. Founded in 2023 by Managing Director Stephen Bornstein in Australia, Athena Artificial Intelligence specializes in vision-based AI technologies. The company has completed a total of 1 deal, with its most recent deal occurring on March 5, 2025. The company was acquired by SightLine Applications, Inc.
, a portfolio company of Artemis, which will enhance its platform capabilities. Athena AI specializes in providing an advanced vision-based AI system that integrates computer vision technology, decision support capabilities, and a user-friendly interface. The core offering includes an AI-enhanced callsign system designed to operate under stringent legal and operational conditions, optimizing decision-making processes in high-tempo environments. The system utilizes novel hierarchical neural networks tailored for specific decision support use cases, focusing on improving both speed and accuracy.
Key functionalities include satellite terrain analysis, thermal video processing, and human pose detection, catering primarily to military and defense sectors. Athena AI serves clients across multiple geographical markets, including the USA, UK, Netherlands, Canada, and Australia, with a diverse customer base composed of military organizations and defense agencies, thus providing critical tactical advantages in operational scenarios. Athena AI's revenue model is structured around direct business-to-business transactions, primarily within the defense sector. The company engages in partnerships with military organizations, providing subscription-based access to its AI decision support systems.
These transactions typically involve tailored agreements that may encompass software licensing, maintenance support, and periodic updates in line with evolving operational requirements. Specific pricing plans for their flagship products are determined through these contracts, reflecting the complexity and customization of the AI solutions offered. The partnerships foster long-term relationships with clients, ensuring continuous revenue streams through sustained usage and evolving needs for advanced technological support in defense applications.
Current Investors
Sightline Intelligence
Primary Industry
Software
Sub Industries
Defence, Analytics & Performance Software, Monitoring & Security Software
Website
www.athenadefence.ai
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Athena Artificial Intelligence Pty Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Athena Artificial Intelligence Pty Ltd | - |
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