On-line whiteboarding platform Miro raises $400M to energy the way forward for work

Miro, a visible collaboration and on-line whiteboarding platform utilized by firms like Dell, Cisco, and Deloitte, has raised $400 million in a collection C spherical of funding at a whopping $17.5 billion valuation.

The corporate’s elevate comes as firms throughout the spectrum have needed to rethink how they work inside an more and more distributed workforce.

The Miro platform, which now claims some 30 million customers, can be utilized to stage conferences and workshops, run brainstorming classes, plan sprints, and illustrate complicated ideas visually by mapping and diagramming — all constructed upon a web-based whiteboard and “zoomable” canvas.

Above: Miro: Mapping and diagramming

With assist for each asynchronous and real-time collaboration, Miro is constructed to geared toward smaller companies and regional divisions, in addition to bigger world enterprises that function throughout time-zones. Miro additionally packs a bunch of enterprise-grade options similar to single sign-on (SSO), permissions administration, analytics, and extra.

Giddy progress

Based in 2011 initially as RealtimeBoard, Miro had beforehand raised $76 million, the lion’s share arriving through its collection B funding spherical practically two years again — simply because the world was going into lockdown. Quick-forward to right this moment, and far of the world stays partly in lockdown, with many employers supporting a minimum of a hybrid working method. This has guided Miro’s person base to develop by 500% from the 5 million it reported in April, 2020, whereas its paying buyer base has elevated from 20,000 to 130,000. Furthermore, Miro now claims to work with 99% of Fortune 100 firms, with 20 enterprise purchasers paying a minimum of $1 million every yearly.

“We consider that our platform is now extra necessary than ever as organizations across the globe are redefining the way in which they work — in search of new methods to have interaction groups and put off siloed pondering,” Miro CEO and cofounder Andrey Khusid stated in a press launch.

The corporate’s collection C funding included each institutional and angel backers similar to Iconiq Progress, Accel, Atlassian, Salesforce Ventures, and Snowflake CEO and chairman Frank Slootman.