Meltwater acquires machine learning service Cosmify
August 16, 2017 10:50
Media monitoring firm Meltwater has acquired Cosmify, a machine learning platform to bolster the company’s data analytics offering. Meltwater Acquires Cosmify to Bolster Its Data Analytics Offerings and Machine Learning Engine
The fifth deal in Meltwater’s ongoing M&A streak adds machine-learning, data-science experts to in-house machine learning team
Meltwater, a global leader in media intelligence and data analytics, announced the acquisition of Cosmify, a knowledge discovery platform that uses advanced machine learning technology for in-depth analysis of corporate data sets. Cosmify’s technology will help Meltwater’s industry-leading platform intelligently manage the vast amounts of data from multiple sources that businesses need to make competitive decisions based on insights from the outside. With its fifth acquisition in less than nine months, Meltwater is quickly building on its impressive data science engine aimed at offering the most innovative and dynamic media intelligence platform in the world. With 55 offices throughout six continents, Meltwater employs more than 1,500 employees and 50 percent of Fortune 500 companies use its services to shape business decisions. “The best business decisions are based on forward-looking data. Today external data on the open internet is one of the most important sources for forward-looking information,” says Jorn Lyseggen, CEO and founder of Meltwater. “Cosmify’s advanced discovery, clustering, and classification capabilities will enhance Meltwater’s ability to connect the dots between a wide range of data types from internal and external data and ultimately help business leaders make more informed decisions.”
Cosmify founder Eugene Ciurana and chairman Bart Swanson launched their first machine learning company, Summly, with 16-year old founder and Oxford student Nick D’Aloisio, and sold it to Yahoo for $30 million in 2013. In 2014, the team, with co-founders Dr. Ana Nelson, Connor Goodwolf, and Sriram Krishnan, launched Cosmify. Bart Swanson of Horizons Ventures, MuleSoft founder Ross Mason, and CA Technologies VP of Engineering Leonid Igolnik are part of the advisory board. Now, after selling two companies in four years, the team is joining Meltwater’s push to build the largest AI-driven data repository in the world, giving companies a competitive edge by allowing them to leverage insights from external data when making business decisions. “95% of all data is unstructured and unwieldy, but it also contains a vast trove of unexploited value,” says Eugene Ciurana, CEO and Founder of Cosmify. “Our unsupervised learning system extracts knowledge from internal and external, unstructured data sources like PDFs, free-text, spreadsheets, media files, presentations, cloud drives, calendars, or chat systems – most often hitting on valuable information nuggets that eluded the very users who produced them.”
“Cosmify’s knowledge discovery engine analyses customers’ very large and dynamic data lakes to produce vectorised information, and when fed into our existing Data Science platform, automates generation of highly customised outside insights – all without having to import their internal data into our systems,” says Aditya Jami, Senior Director of Engineering & Head of AI at Meltwater. The acquisition of Cosmify comes on the heels of several key acquisitions for Meltwater that have broadened its global footprint and cemented the company’s commitment to data science and machine learning. Meltwater recently announced its plans to acquire Canada’s Infomart, followed closely by Hong Kong-based social big data SaaS solution Klarity. Earlier this year, it acquired Oxford University spinout, Wrapidity, to add AI-based crawling to Meltwater’s platform and last year, Meltwater acquired Encore Alerts, a US-based data science driven media monitoring company. Meltwater is actively seeking investment opportunities and partnerships to continue expanding its media intelligence services globally, with a strong emphasis on data science. From a company media release

Meltwater acquires machine learning service Cosmify

Meltwater acquires machine learning service Cosmify
August 16, 2017 10:50
Meltwater Acquires Cosmify to Bolster Its Data Analytics Offerings and Machine Learning Engine
The fifth deal in Meltwater’s ongoing M&A streak adds machine-learning, data-science experts to in-house machine learning team
Meltwater, a global leader in media intelligence and data analytics, announced the acquisition of Cosmify, a knowledge discovery platform that uses advanced machine learning technology for in-depth analysis of corporate data sets. Cosmify’s technology will help Meltwater’s industry-leading platform intelligently manage the vast amounts of data from multiple sources that businesses need to make competitive decisions based on insights from the outside. With its fifth acquisition in less than nine months, Meltwater is quickly building on its impressive data science engine aimed at offering the most innovative and dynamic media intelligence platform in the world. With 55 offices throughout six continents, Meltwater employs more than 1,500 employees and 50 percent of Fortune 500 companies use its services to shape business decisions. “The best business decisions are based on forward-looking data. Today external data on the open internet is one of the most important sources for forward-looking information,” says Jorn Lyseggen, CEO and founder of Meltwater. “Cosmify’s advanced discovery, clustering, and classification capabilities will enhance Meltwater’s ability to connect the dots between a wide range of data types from internal and external data and ultimately help business leaders make more informed decisions.”
Cosmify founder Eugene Ciurana and chairman Bart Swanson launched their first machine learning company, Summly, with 16-year old founder and Oxford student Nick D’Aloisio, and sold it to Yahoo for $30 million in 2013. In 2014, the team, with co-founders Dr. Ana Nelson, Connor Goodwolf, and Sriram Krishnan, launched Cosmify. Bart Swanson of Horizons Ventures, MuleSoft founder Ross Mason, and CA Technologies VP of Engineering Leonid Igolnik are part of the advisory board. Now, after selling two companies in four years, the team is joining Meltwater’s push to build the largest AI-driven data repository in the world, giving companies a competitive edge by allowing them to leverage insights from external data when making business decisions. “95% of all data is unstructured and unwieldy, but it also contains a vast trove of unexploited value,” says Eugene Ciurana, CEO and Founder of Cosmify. “Our unsupervised learning system extracts knowledge from internal and external, unstructured data sources like PDFs, free-text, spreadsheets, media files, presentations, cloud drives, calendars, or chat systems – most often hitting on valuable information nuggets that eluded the very users who produced them.”
“Cosmify’s knowledge discovery engine analyses customers’ very large and dynamic data lakes to produce vectorised information, and when fed into our existing Data Science platform, automates generation of highly customised outside insights – all without having to import their internal data into our systems,” says Aditya Jami, Senior Director of Engineering & Head of AI at Meltwater. The acquisition of Cosmify comes on the heels of several key acquisitions for Meltwater that have broadened its global footprint and cemented the company’s commitment to data science and machine learning. Meltwater recently announced its plans to acquire Canada’s Infomart, followed closely by Hong Kong-based social big data SaaS solution Klarity. Earlier this year, it acquired Oxford University spinout, Wrapidity, to add AI-based crawling to Meltwater’s platform and last year, Meltwater acquired Encore Alerts, a US-based data science driven media monitoring company. Meltwater is actively seeking investment opportunities and partnerships to continue expanding its media intelligence services globally, with a strong emphasis on data science. From a company media release

Meltwater acquires machine learning service Cosmify - Mumbrella

August 15, 2017 9:00 AM
Above: Eugene Ciurana, founder and CEO of Cosmify
Image Credit: Meltwater
Media intelligence company Meltwater announced today that it has acquired Cosmify , a San Francisco-based data analysis startup. The price of the acquisition has not been disclosed, but Meltwater told VentureBeat that it has bought the startup’s intellectual property (IP) and is bringing the Cosmify team onboard. This is Meltwater’s fourth acquisition in nine months. The company has already acquired Hong Kong-based big data solution Klarity, Oxford University spinout Wrapidity, and Encore Alerts, a U.S.-based media monitoring company. It is about to close its fifth acquisition with Canada’s Infomart. This string of acquisitions isn’t surprising in light of Meltwater’s unique business trajectory. Jorn Lyseggen founded the company in 2001 in Oslo, Norway, bootstrapping it with a $15,000 research grant from the Norwegian government. The founder and CEO never took a dime from VCs , fueling the company’s growth with talent instead. Today, Meltwater is headquartered in San Francisco and has 1,500 employees across 55 offices globally. The company claims to have more than 25,000 customers, which include the George Washington University, the Denver Broncos, and the Apache Software Foundation. The business initially focused on alerting companies about media mentions but has since expanded to include additional sources, such as social media, blogs, forums, and reviews. But Aditya Jami, Meltwater’s senior director of engineering and head of AI, says that this is only part of the data there is to track. According to him, extracting information from internal data lakes is just as key. “That’s where Cosmify comes in,” he told VentureBeat. “It supports PDFs, spreadsheets, cloud drives, calendars, and more, and can therefore find interesting insights from other file types, no matter the format.”
Cosmify founder Eugene Ciurana launched his first machine learning company, Summly, in 2011 with cofounder Nick D’Aloisio and  sold it to Yahoo for $30 million two years later. He then joined forces with cofounders Dr. Ana Nelson, Connor Goodwolf, and Sriram Krishnan to launch Cosmify in 2014. Bart Swanson of Horizons Ventures and MuleSoft founder Ross Mason are among Cosmify’s investors. With the talent and IP Meltwater is ramping up, the “ Google Slayer”  is honing its edge over the search giant. “We are kind of like the Google Alerts on steroids,” said Jami. “Google Alerts only focuses on news. We also have social, premium content, print, radio, SEC filings, patents, trademarks…”
When asked whether the company is considering other acquisitions, Jami replied, “There are a couple of companies that are in the pipeline.”
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Meltwater bolsters its machine learning portfolio with Cosmify acquisition

The fifth deal in Meltwater’s ongoing M&A streak adds machine-learning, data-science experts to in-house machine learning team
August 15, 2017 12:20
ET | Source: Meltwater
SAN FRANCISCO, Aug.  15, 2017  (GLOBE NEWSWIRE) -- Meltwater , a global leader in media intelligence and data analytics, announced the acquisition of Cosmify , a knowledge discovery platform that uses advanced machine learning technology for in-depth analysis of corporate data sets. Cosmify’s technology will help Meltwater’s industry-leading platform intelligently manage the vast amounts of data from multiple sources that businesses need to make competitive decisions based on insights from the outside. With its fifth acquisition in less than nine months, Meltwater is quickly building on its impressive data science engine aimed at offering the most innovative and dynamic media intelligence platform in the world. With 55 offices throughout six continents, Meltwater employs more than 1,500 employees and 50 percent of Fortune 500 companies use its services to shape business decisions. “The best business decisions are based on forward-looking data. Today external data on the open internet is one of the most important sources for forward-looking information,” says Jorn Lyseggen, CEO and founder of Meltwater. “Cosmify’s advanced discovery, clustering, and classification capabilities will enhance Meltwater’s ability to connect the dots between a wide range of data types from internal and external data and ultimately help business leaders make more informed decisions.”
Cosmify founder Eugene Ciurana and chairman Bart Swanson launched their first machine learning company, Summly , with 16-year old founder and Oxford student Nick D’Aloisio, and sold it to Yahoo for $30 million in  2013. In 2014, the team, with co-founders Dr. Ana Nelson, Connor Goodwolf, and Sriram Krishnan, launched Cosmify. Bart Swanson of Horizons Ventures , MuleSoft founder Ross Mason, and CA Technologies VP of Engineering Leonid Igolnik are part of the advisory board. Now, after selling two companies in four years, the team is joining Meltwater’s push to build the largest AI-driven data repository in the world, giving companies a competitive edge by allowing them to leverage insights from  external data when making business decisions. “95% of all data is unstructured and unwieldy, but it also contains a vast trove of unexploited value,” says Eugene Ciurana, CEO and Founder of Cosmify. “Our unsupervised learning system extracts knowledge from internal and external, unstructured data sources like PDFs, free-text, spreadsheets, media files, presentations, cloud drives, calendars, or chat systems - most often hitting on valuable information nuggets that eluded the very users who produced them.”
“Cosmify’s knowledge discovery engine analyzes customers’ very large and dynamic data lakes to produce vectorized information, and when fed into our existing Data Science platform, automates generation of highly customized outside insights – all without having to import their internal data into our systems,” says Aditya Jami, Senior Director of Engineering & Head of AI at Meltwater. The acquisition of Cosmify comes on the heels of several key acquisitions for Meltwater that have broadened its global footprint and cemented the company’s commitment to data science and machine learning. Meltwater recently announced its plans to acquire Canada’s Infomart , followed closely by Hong Kong-based social big data SaaS solution Klarity . Earlier this year, it acquired Oxford University spinout, Wrapidity , to add AI-based crawling to Meltwater’s platform and last year, Meltwater acquired Encore Alerts, a US-based data science driven media monitoring company. Meltwater is actively seeking investment opportunities and partnerships to continue expanding its media intelligence services globally, with a strong emphasis on data science. ENDS
Notes to editors
About Meltwater
Meltwater helps companies make better, more informed decisions based on insights from the outside. More than 25,000 companies use the Meltwater media intelligence platform to stay on top of billions of online conversations, extract relevant insights, and use them to strategically manage their brand and stay ahead of their competition. With over 55 offices on six continents, Meltwater is dedicated to personal, global service built on local expertise. Meltwater also operates the Meltwater Entrepreneurial School of Technology (MEST), a nonprofit organization devoted to nurturing future generations of entrepreneurs. For more information, follow Meltwater on Twitter , Facebook , LinkedIn , YouTube , or visit www.meltwater.com . About Cosmify
Cosmify, Inc is a machine learning platform for your most critical knowledge management problems. Cosmify empowers better decision making in organizations so organizations don’t have to employ data shamans. The solution is designed to solve complex problems. Cosmify, Inc was founded by Eugene Ciurana, Ana Nelson, Connor Goodwolf, and Sriram Krishnan. Media enquiries:Bita KhaleghiVSC for Meltwater949.973.8677bita@vscpr.com
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Meltwater Acquires Cosmify to Bolster Its Data Analytics Offerings and Machine Learning Engine

Above: Eugene Ciurana, founder and CEO of Cosmify
Image Credit: Meltwater
Media intelligence company Meltwater announced today that it has acquired Cosmify , a San Francisco-based data analysis startup. The price of the acquisition has not been disclosed, but Meltwater told VentureBeat that it has bought the startup’s intellectual property (IP) and is bringing the Cosmify team onboard. This is Meltwater’s fourth acquisition in nine months. The company has already acquired Hong Kong-based big data solution Klarity, Oxford University spinout Wrapidity, and Encore Alerts, a U.S.-based media monitoring company. It is about to close its fifth acquisition with Canada’s Infomart. This string of acquisitions isn’t surprising in light of Meltwater’s unique business trajectory. Jorn Lyseggen founded the company in 2001 in Oslo, Norway, bootstrapping it with a $15,000 research grant from the Norwegian government. The founder and CEO never took a dime from VCs , fueling the company’s growth with talent instead. Today, Meltwater is headquartered in San Francisco and has 1,500 employees across 55 offices globally. The company claims to have more than 25,000 customers, which include the George Washington University, the Denver Broncos, and the Apache Software Foundation. The business initially focused on alerting companies about media mentions but has since expanded to include additional sources, such as social media, blogs, forums, and reviews. But Aditya Jami, Meltwater’s senior director of engineering and head of AI, says that this is only part of the data there is to track. According to him, extracting information from internal data lakes is just as key. “That’s where Cosmify comes in,” he told VentureBeat. “It supports PDFs, spreadsheets, cloud drives, calendars, and more, and can therefore find interesting insights from other file types, no matter the format.”
Cosmify founder Eugene Ciurana launched his first machine learning company, Summly, in 2011 with cofounder Nick D’Aloisio and  sold it to Yahoo for $30 million two years later. He then joined forces with cofounders Dr. Ana Nelson, Connor Goodwolf, and Sriram Krishnan to launch Cosmify in 2014. Bart Swanson of Horizons Ventures and MuleSoft founder Ross Mason are among Cosmify’s investors. With the talent and IP Meltwater is ramping up, the “ Google Slayer”  is honing its edge over the search giant. “We are kind of like the Google Alerts on steroids,” said Jami. “Google Alerts only focuses on news. We also have social, premium content, print, radio, SEC filings, patents, trademarks…”
When asked whether the company is considering other acquisitions, Jami replied, “There are a couple of companies that are in the pipeline.”
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Acquired

Cosmify offers businesses and professionals a machine learning platform that is able to manage and analyze data for decision making.

Date	8/15/2017
Round	Acquired
Amount
Investors	Meltwater
Valuation
Revenue	0 FY undefined
Sources	2

First funding	8/15/2017
Last Funding	8/15/2017
Investor	Meltwater
Rounds	1 Acquired
Board Seats
Type	Corporation
Location	California

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