Online whiteboard platform Miro raises $ 400 million to drive the work of the future

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Miro, a visual collaboration and online whiteboard platform used by companies such as Dell, Cisco and Deloitte, has raised $ 400 million in a $ 17.5 billion Series C funding round.

The company’s increase comes as companies across the spectrum have had to reconsider how they work within an increasingly distributed workforce.

The Miro platform, which now claims around 30 million users, can be used to stage meetings and workshops, hold brainstorming sessions, plan sprints and illustrate complex concepts visually through mapping and diagrams – all built on a web-based whiteboard and “zoombar” screen.

Above: Miro: Mapping and diagram drawing

With support for both asynchronous and real-time collaboration, Miro is built to target smaller companies and regional divisions as well as larger global companies operating across time zones. Miro also packs a lot of enterprise-quality features, such as single sign-on (SSO), permission management, analytics, and more.

Stunning growth

Founded in 2011, originally as RealtimeBoard, Miro had previously raised $ 76 million, and the brother party arrived via its Series B funding round almost two years ago – just as the world went into lockdown. Fast forward to today, and large parts of the world remain partially locked in, with many employers supporting at least one hybrid workflow. This has guided Miro’s user base to grow by 500% from the 5 million it reported in April 2020, while its paying customer base has increased from 20,000 to 130,000. In addition, Miro now claims to work with 99% of Fortune 100 companies, with 20 corporate customers paying at least $ 1 million each year.

“We believe our platform is now more important than ever as organizations around the globe redefine the way they work – looking for new ways to engage teams and put an end to bad thinking,” said Miro CEO and co-founder Andrey Khusid in a press release.

The company’s Series C investment included both institutional and angel backers such as Iconiq Growth, Accel, Atlassian, Salesforce Ventures and Snowflake CEO and Chairman Frank Slootman.

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