Mellat Water Media Monitoring Company attracts 65 million dollars in capital

Mellat Water is one of the companies that was established with the aim of monitoring the media using artificial intelligence. The company now also offers big data analytics and business intelligence services. Now, in the expansion of this company, the news of Verdane's 65 million dollar investment was also published.

Verdane is a Norwegian investment company and has invested in numerous companies. In this round of investment, it has also received 11% of Mellat Water's shares.

Until the beginning of this year, Mellat Water shares were traded on the Norwegian Stock Exchange. However, under the management of Jören Lysgen, it was delisted from the stock market with a deal with two investment companies, Altor and Marlin.

Most of the company's shares are owned by Fountain Venture, which is itself owned by Mr. Lisgen. Verdane has directly acquired a partial ownership of Fountain Venture to receive the shares of Water Nation.

The main purpose of Verdane in providing this capital to Fountain Venture is to expand cooperation and invest in other startups in the field of artificial intelligence.

Investing in Mellat Water is a mirror of the investment market in Europe

This transaction represents important points in the European technology and venture capital market.

The first point is the strong pressure on the market value of companies. The capital provided to Mellat Water shows the company's market value of about 590 million dollars. While Mellat Water has attracted more than 700 million dollars of capital so far. This number is much lower than the market value of this company at the time of entering the Norwegian Stock Exchange, which was more than 1 billion dollars at that time.

The second point is the nature of investment in the current conditions of Europe and the efforts of investors to reduce their risk. European investment markets are currently facing a shortage of money. The investment company Atomico announced in its annual report that the investment in the European Union in this area has halved to about 40 billion dollars. During this period, private investors have entered the market more than venture investors.

In this way, by investing in Fountain Venture, Verdane not only owns Mellat Water, but also owns other startups such as Jobylon. In this way, the risk of investing in only one business is removed from this amount of capital.
From a technological point of view, companies like Mellat Water are four ways of business. Similar activities with this company were previously carried out by legions of people who read each newspaper and separated any news related to a company from the newspapers and news and presented it to their customers.

With the arrival of social networks and the decline of traditional media, this activity was done digitally and could easily be managed by a computer. Activities such as analyzing tone and words are now being done by artificial intelligence systems. However, data sources such as Twitter limit access to their data little by little. On the other hand, big competitors such as OpenAI have faced a new revolution in the search and content production market by creating systems such as JPT Chat.

However, Mellat Water owners do not feel threatened by ChatGPT. From his point of view, these artificial intelligence systems are equivalent to Netscape (one of the first Internet companies) and are the beginning of a new era in the Internet. However, these companies themselves will not be part of the future. According to Mr. Lisgen, Mellat Water technologies are at the edge of the technologies used in this field. Mellatwater currently serves many clients and analyzes more than 1 milbard of documents per day for clients in the media, marketing and public relations industries.