Don't react naturally (eg: "Waterline is a clever meaningful in-group signal and sounds pretty"), ask yourself how your target will react (eg: "Oh, are they whale environmentalists?").
I think that consideration may be highly overestimated in the discussion here. Facebook isn't about faces, Twitter isn't about songbirds, google has little to do with the number "googol", The Apple Corporation isn't selling fruit... etc, etc.
A short pretty name to remember and be able to look up if you need to may be just as good as marketing. Something like "Waterline Institute" needs be clarified one ("they're talking about raising a metaphorical 'sanity waterline in the human population"), then it's a memorable enough name and visual alike.
But something like "Bayesian House" can only be clarified by making a long explanation about mathematical formulas... And it's not immediately memorable afterwards, because frankly it's just 'Bayes' is just a name, called after Thomas Bayes.
But honestly, I've never studied marketing or anything like that, so I may just be talking out of my ass here...
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BTW our best current suggestion came from these comments, so keep it up!
PM me if you want my opinion without revealing the name in public.