Media Intelligence Solution Company Meltwater Acquires Algo

Meltwater, a global leader in media intelligence, today announced the acquisition of Algo, a real-time data analytics platform.

Founded in 2015 by Matt Michelsen, Aaron Rama, and Evon Onusic, Algo leverages machine learning and natural language processing to democratize online semantic data that currently only the tech giants have the infrastructure to support. It processes one billion data points daily in real-time, determining which information is spreading fastest globally. The Algo app has been broadly adopted, with over three million downloads.

“Our platform ingests and analyzes data from tens of millions of sources, in over 80 languages  in real time. Applying Algo’s information velocity engine on top of our existing streams will help us identify anomalies and predict trends in several micro and macro topics that are relevant to our customers,” said Aditya Jami, senior director of engineering and head of AI at Meltwater.

The acquisition of Algo comes off the heels of several key AI acquisitions for Meltwater, cementing the company’s commitment to developing industry-leading data science and machine learning technology. Meltwater recently acquired Hong Kong-based social big data SaaS solution Klarity. Earlier this year, it acquired Oxford University spinout, Wrapidity, to add AI media monitoring capabilities to Meltwater’s platform, and last year, it acquired Encore Alerts, a US-based machine learning company.

Founded in 2001 by CEO Jorn Lyseggen with only $15,000, today Meltwater has more than 1,500 employees across 55 offices throughout six continents, and services 50 percent of Fortune 500 companies.