Hearsay is cashing out for $125 million after spending 15 years and $51 million of VC money trying to automate RIA sales but falling short on 'actually connecting' with investors

The buyer, Yext, likes aspects of the San Francisco startup and believes it can apply a quick-fix with AI -- and will reward Hearsay investors with $95 million, if it produces earnings bump.

Author Brooke Southall June 13, 2024 at 1:51 AM

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Michael Walrath: Our combined technology will bring instant value to our regulated customers.

Keith Girard contributed to the editing of this article.

Heresay

Heresay Systems

Yext Systems

Hearsay is cashing out for $125 million after spending 15 years and $51 million of VC money trying to automate RIA sales but falling short on 'actually connecting' with investors

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Hearsay is cashing out for $125 million after spending 15 years and $51 million of VC money trying to automate RIA sales but falling short on 'actually connecting' with investors

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