2 min

Miro’s online whiteboarding and visual collaboration tool has acquired $400 million in a Series C funding round with a $17.5 billion valuation. It is utilized by top firms, including the likes of Dell, Cisco, and Deloitte.

Miro has raised around $1.7 billion in valuation in a Series C funding round. The online whiteboarding and visual collaboration tool extends its services to Dell, Cisco, Deloitte, and other high-tech firms. Miro’s series C investment comprises both institutional and angel backers, including Iconiq Growth, Salesforce Ventures, Snowflake, Atlassian, and Accel.

What is Miro?

Miro is a collaborative tool designed to offer remote teams an engaging, in-person collaboration experience. The platform now has 30 million users that use the portal to host meetings, carry out workshops, facilitate brainstorming sessions, create plans, formulate sprints, and illustrate complex visual concepts using mapping and diagramming facilities. In addition, Miro’s digital whiteboard is built on zoomable canvas technology, making it easier for users to go through the brief appropriately.

Miro provides asynchronous and real-time collaboration to small, medium, and large businesses and their regional divisions. In addition, the tool facilitates efficient communication between remote teams, making it ideal for companies that work with teams in different time zones. The platform also includes specialized features of larger businesses. These include a single sign-on (SSO), permissions management system, and analytics, among others.

How Miro has grown over the years

Miro has seen significant growth over the years. The company was originally established in 2011 under the name of RealtimeBoard. Since then, it has perfected its offerings and gained top clients, including the likes of Dell, Cisco, and others.

Through its series B funding round, the firm also raised $76 million two years back during the global pandemic of COVID-19. Now, with the upcoming threat of the Omnicron virus, combined with the additional predictions of another lockdown, Miro is expected to continue its popularity with organizations providing remote operations to their teams.

Essentially, the series of lockdowns have boosted Miro’s growth, increasing its user base by 500%. Similarly, its paying customer base also saw a rise, as the number went up from 20,000 users to a whopping 130,000.

Now, Miro has partnered up with 99% of Fortune 100 companies. The firm also has more than 20 premium clients, dispersing around $1 million every year.