Cornerstone Ventures, a SaaS-focused venture capital, has effectively left Intelligence Node, a retail analytics and AI platform. The exit was achieved through a $100 million (Rs 849.5 crore) securing by global advertising giants Interpublic Group (IPG). The exit takes after Insights Node’s securing by global advertising powerhouse Interpublic Global (IPG). 

This marks the second exit for Cornerstone Ventures Support I (after Wigzo Advances was procured by coordinations unicorn Shiprocket in 2021). With fair two exits, the support claims to have returned around 20% of the corpus raised and has a few of the remaining 19 portfolio companies coming up for liquidity occasions in the close term. 

According to Foundation Ventures’ overseeing accomplice Abhishek Prasad, the support anticipates returning around 100% of the corpus over the following 18-24 months and generally deliver a 3.5-4X different through its lifetime (another 5 a long time to go).

Founded in 2012, Intelligence Node has AI-driven arrangements that engage businesses to optimize their advanced rack nearness and estimating techniques. 

Cornerstone Ventures’ portfolio incorporates outstanding players in the Benefit SaaS space, such as ManageArtWorks, THB, EnParadigm, WatchYourHealthand Credit Nirvana, as well as SaaS + Marketplace models like Blubirch, Credilio, and Mystifly.

source: entrackr.