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FREMONT, CA: MURAL, the leading digital workspace for visual collaboration, closed a $23 million Series A round of financing led by Radian Capital. Gradient Ventures, Goggle's AI-focused venture group, and Endeavor also put money into the round. The company grew quickly on less than $2 million in capital raised and was cash positive for several quarters in 2019.
MURAL, formerly known as Mural.ly, was founded in 2011 as a digital whiteboard for people to collaborate in real-time. Today, over 3,700 customers worldwide, including 40 percent of Fortune 100 global enterprises use MURAL. It brings together product, design, engineering, marketing, sales, and executive divisions to make decisions faster and consistently, in an integrated, team-based model.
"Visual techniques like experience mapping, business model design, program increment (PI) planning, and agile retrospectives are now standard, and remote work is the new normal," said Mariano Suarez-Battan, Co-founder and CEO at MURAL.
The funding will help MURAL to widen its visual collaboration solutions around experience design, rapid progression, and remote work needs, and grow the company's go-to-market potentials and product development teams globally, increasing twice the size by the end of this year.
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MURAL also announced the addition of Chief Revenue Officer, Greg Kaplan. He will be overseeing global sales and partnerships, helping the company expand its consultative approach and build an ecosystem of global partners.
"As enterprise brands recognize the power of design to build better products that enable them to become more customer-centric, we've seen huge adoption of visual collaboration techniques like design thinking, lean, and agile," said Weston Gaddy, Partner, and Co-founder at Radian Capital. "The market opportunity for a secure, visual collaboration solution that connects the global distributed workforce has never been greater. MURAL's product offering drives innovation on behalf of its customers, and we see the potential to go even further, where MURAL transforms the modern offices of today."