Cornerstone Ventures bags $100 Mn exit from Intelligence Node

Cornerstone Ventures, a SaaS-focused venture capital, has successfully exited Intelligence Node, a retail analytics and AI platform. The exit was achieved through a $100 million (Rs 849.5 crore) acquisition by global advertising giant Interpublic Group (IPG). The exit follows Intelligence Node’s acquisition by global advertising powerhouse Interpublic Group (IPG). 

This marks the second exit for Cornerstone Ventures Fund I (after Wigzo Technologies was acquired by logistics unicorn Shiprocket in 2021). With just two exits, the fund claims to have returned around 20% of the corpus raised and has several of the remaining 19 portfolio companies coming up for liquidity events in the near term. 

According to Cornerstone Ventures’ managing partner Abhishek Prasad, the fund expects to return around 100% of the corpus over the next 18-24 months, and overall deliver a 3.5-4X multiple through its lifetime (another 5 years to go).

Founded in 2012, Intelligence Node has AI-driven solutions that empower businesses to optimize their digital shelf presence and pricing strategies. 

Cornerstone Ventures’ portfolio includes notable players in the Service SaaS space, such as ManageArtWorks, THB, EnParadigm, WatchYourHealth and Credit Nirvana, as well as SaaS + Marketplace models like Blubirch, Credilio, and Mystifly.