Avalara Acquires Manchester AI Integration Startup Versori to Enhance Global Compliance Solutions
Avalara, Inc has acquired Manchester-based AI integration startup Versori for an undisclosed sum. This acquisition aims to support Versori's growth strategy and enhance Avalara's compliance solutions. Versori specializes in AI-driven integrations for complex systems, enabling faster automation.
The acquisition includes Versori's technology and its 23-member team, who will continue under the name 'Versori by Avalara'. Founded in 2022, Versori raised $10.5 million and graduated from Y Combinator in March 2023. The integration of Versori’s capabilities is expected to improve Avalara's platform and support the increasing demand for automated compliance solutions worldwide.
