Automated Insights’ recent successful exit could draw more VC funding to North Carolina, Lauren K. Ohnesorge of the Triangle Business Journal suggests.
Last Thursday, Automated Insights was acquired by Vista Equity Partners.
AI raised over $10 million in equity from VCs and angels such as Osage Partners, Court Square Ventures, OCA Ventures, IDEA Fund Partners, Associated Press, Revolution Ventures, Box Group, and Samsung Open Innovation.
AI is not alone in its recent victory, however. 2014 also saw the acquisition of both Appia and Digitalsmith – both based in Durham. This sort of success, Ohnesorge posits, could play a significant role in the further development of an already vibrant entrepreneurial community.