Mural Secures $118 Million to Scale Visual Collaboration Globally

HR Tech Outlook | Wednesday, August 26, 2020

Enterprise teams and consulting leaders use Mural to generate common understanding and solve problems through visual collaboration

FREMONT, CA: Mural, the leading digital workspace for visual collaboration in the enterprise, raised $118 million in Series B funding, led by Insight Partners and joined by Tiger Global, Slack Fund, World Innovation Lab, and existing investor Gradient Ventures. Other participants in the funding, included Ryan Smith, CEO and co-founder of Qualtrics; Bill Veghte, CEO of Athene Partners, former Microsoft SVP, and former HP COO; and Allison Pickens, former COO of Gainsight. Jeff Lieberman, managing director at Insight Partners, has joined MURAL's Board of Directors, and Insight Partners managing director, Nikhil Sachdev, has joined the Board as an observer.

The fund will allow Mural to expand adoption to new types of teams and use cases within enterprises; extend its go-to-market operations globally; accelerate the development of new enterprise-ready features; and deepen its community engagement initiatives that support facilitators, design thinkers, and agile experts as they advance the way teams work together.

"Imagination at work is key to innovation. The visual methods made popular to collaborate on ideas are here to guide us. Early adopters in some of the largest organizations in the world realized that they don't need to be in the same room to turn imagination into innovation through visual collaboration. They now feel comfortable doing product strategy, improving processes, and engaging customers remotely. Today, everybody else is rushing to develop this level of remote work fluency. With this funding and the expansion of our team, we are ready to support teams all over the world in their journey," said Mariano Suarez-Battan, MURAL's co-founder and CEO.

Mural is a digital workspace for product strategy and planning, research and design collaboration, facilitated workshops that use agile and design thinking methodologies, and sales and consulting engagements. It integrates with Slack, Microsoft Teams, Dropbox, JIRA, Google Drive, and GitHub, among other platforms.

"MURAL has repeatedly supported massive implementations and met the exacting specifications of global enterprises. The company has shifted from a startup to a scaleup, not only growing revenue through rapid expansion within Fortune 500 companies, but also onboarding new enterprise customers and consulting partners at high velocity. Insight Partners looks forward to helping to accelerate market adoption of MURAL to support the future of team collaboration," said Jeff Lieberman of Insight Partners.

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