Virtual collaboration platform Miro has closed $400 million in Series C funding with plans to invest in product development and expansion of visual collaboration offering. This latest infusion of capital pushes Miro’s valuation to $17.5 billion.
According to Miro, the company has pioneered the visual collaboration category with the aim of bringing teams together in a shared online workspace and bridging the gap between a regular office and a hybrid environment.
Miro offers a blank canvas that can be used to solve complex problems, design products and services, improve processes, and exchange ideas. This way teams and teammates can co-create quickly and inclusively, having the freedom to choose from more than 100 app integrations and a thousand templates for collaboration.
Andrey Khusid, Co-founder and CEO of Miro, said: “For more than a decade, Miro’s vision has been to create an infinite canvas for better collaboration, both in-person and online, helping organizations unlock creativity and drive meaningful outcomes.”
“We believe that our platform is now more important than ever as organizations around the globe are redefining the way they work — looking for new ways to engage teams and do away with siloed thinking. Thousands of organizations use Miro’s platform every day to harness the power of collaboration to nurture new ideas, solve complex problems, and bring new products to market. We believe that the ‘Miro way’ will be the spark that enables teams to transform imagination into execution and opportunity into reality.”
Miro’s customers can use the infinite canvas to bring to market things like medical treatments, design category-defining products, and create new paths for learning.