Online whiteboarding platform Miro raises $400M to power the future of work

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The company raised $400 million in a series C round of funding, and has a valuation of $17.5 billion.

As companies across the spectrum have had to rethink how they work in an increasingly distributed workforce, the company's raise comes as a result.

The Miro platform, which now claims 30 million users, can be used to stage meetings and workshops, run brainstorming sessions, plan sprints, and illustrate complex concepts visually through mapping and diagramming, all built upon a web-based whiteboard and "zoomable" canvas.

Above: Miro is diagramming.

Smaller businesses and regional divisions as well as larger global enterprises that operate across time zones can be targeted by Miro. Miro has a bunch of enterprise-grade features such as single sign-on, permissions management, and more.

Growth isiddy.

The lion's share of the funding came via the series B round two years ago, just as the world was going into lockdown. Today, a lot of the world is still locked up, with many employers supporting at least a hybrid work approach. The user base of Miro has grown by 500% from 5 million in April 2020 to 10 million today. 20 enterprise clients pay at least $1 million annually, and 99% of Fortune 100 companies, according to Miro.

As organizations around the globe look for new ways to engage teams and do away with siloed thinking, Miro's platform is more important than ever.

Frank Slootman, the CEO and chairman of the company, was one of the backers of the series C investment.

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