Miami's beaches are hot, and so is the city's tech scene during the last few years.
Miami has had 19 tech acquisitions since 2012, according to CB Insights. One notable acquisition was the sale of the company .CO Internet, which Neustar bought for $109 million.
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In 2014, Miami-based start-ups also attracted about $49.4 million in venture funding over 11 deals.
The virtual reality start-up Magic Leap, which is based about 30 miles north of Miami, raised one of the largest U.S. tech funding rounds last year, according to CB Insights. The company locked in about $542 million from big VC firms including Andreessen Horowitz, Kleiner Perkins Caufield & Byers and Google Ventures.
One reason Miami continues to see such strong growth in its start-up community is because of its diverse population, said Matt Haggman, Miami program director for the Knight Foundation.
"There's a fantastic confluence of ideas and people from all over the world," Haggman said. "Our thinking is that all of the elements are here in Miami for start-ups and the numbers show the progress that we have already made."
During the last two years, the Knight Foundation has invested in more than 90 projects in Miami aimed at helping grow the start-up ecosystem.
One major event the foundation helps sponsor is eMerge Americas, which is a tech conference that aims to establish Miami as a major tech hub and connect industry leaders and investors with Latin America's top business executives.