VentureBeat: Duo's success confirms Ann Arbor as a tech hub

ANN ARBOR - VentureBeat featured Ann Arbor on Monday, dubbing the city a legit tech hub with last month's news that Duo Security is worth than $1 billion, giving the city its first unicorn startup. 

The article published Monday notes Ann Arbor has the highest concentration of tech startups in Michigan. Anna Hensel writes: 

According to the Michigan Venture Capital Association, the Ann Arbor area is home to the densest concentration of startups in the state of Michigan — 49 out of 141 of the state’s venture-backed startups. And in the past three years, the number of companies in Ann Arbor receiving venture capital funding has grown by 32 percent, while there has been a 40 percent increase in the amount of venture capital invested in the Ann Arbor area.

The articles notes talent from the University of Michigan, along with a number of venture capitalists based in Ann Arbor, helps the city become a tech hub. 

Here's the full story on VentureBeat: 

 

For more on Ann Arbor's tech scene, see the All About Ann Arbor calendar of upcoming technology events: 

 

 

 

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