Theia Analytics Group , a provider of a complete suite of quantitative, proprietary, data-driven products for simplifying, clarifying, and measuring risks related to regulatory changes that impact organizational governance, announced it closed a $1 million angel round with private investors. The new funding will advance TAG’s continued product and market development of its suite of applied analytics products as it marches toward its goal of “owning the governance suite.” Helping global fiduciaries quickly identify and understand barriers to improving business performance, TAG will link together its product suite using machine learning, neural networks, and artificial intelligence to create the world’s first governance-focused intelligence engine.
“We’re excited to close this initial round with contributions from private individuals associated with the world’s largest capital markets firms, including Goldman Sachs, T. Rowe Price, Wells Fargo, and Millenium,” said Jeff Hood, founder and CEO of TAG. “We’re building momentum in the marketplace, and we will accelerate it with distribution partners and our direct sales force, which we’ve already begun implementing.”
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Recently, ratings agency Fitch wrote, “Governance will be the most relevant factor in determining strong ESG [Environmental, Social, Governance] scores and, ultimately, long-term value.” Additionally, EY reported that “87% of boards don’t believe that enterprise risk management at their organization is highly effective at providing predictive insights.” Lastly, AON Global Risk identifies three of the top ten risks to North American markets as regulatory and legislative changes, accelerated change rates in market factors, and supply chain disruptions.
As shareholders and stakeholders of public companies are increasingly demanding more information about the risks that climate change could pose to their investments, the U.S. Securities and Exchange Commission this week proposed new rules that will require all publicly traded companies to disclose their greenhouse gas emissions and their associated climate-related risks. The new rules, if published as final, would require hundreds of businesses for the first time to measure and disclose greenhouse gas emissions in a standardized way. Theia Analytics Group