Meltwater Acquires DeepReason.ai
November 19, 2021
Meltwater B.V. has acquired Oxford University spin-out DeepReason.ai for $7.3 million in cash and Meltwater equity (including milestone/retention-based earn-outs). The acquisition brings DeepReason.ai's knowledge-graph reasoning technology and its team (five full-time and four part-time employees) into Meltwater to accelerate expansion of Meltwater's knowledge graph and AI-driven insights capabilities.
- Buyers
- Meltwater B.V.
- Targets
- DeepReason.ai
- Industry
- AI & Machine Learning
- Location
- United Kingdom
- Transaction Type
- Buyout
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