SAN FRANCISCO — MURAL, which operates a digital workspace for visual collaboration in enterprise businesses, has raised $23 million in Series A funding led by Radian Capital, with participation from Gradient Ventures, Google’s AI-focused venture group, and Endeavor Catalyst.
The funding will enable MURAL to expand its visual collaboration solutions around experience design, agile development and remote work needs, and grow the company’s go-to-market capabilities and product development teams globally, doubling in size by the end of this year.
MURAL was founded in 2011 as a digital whiteboard for people to collaborate in real-time. In 2014 after completing IDEO’s Startup in Residence program, the company began focusing on supporting enterprises in deploying design thinking practices. Today, MURAL is used by over 3,700 customers worldwide, including 40 percent of Fortune 100 global companies, to visually collaborate and bring context to online meetings, brainstorming, knowledge sharing, project management, and more.
“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.”
Also announced by MURAL is the addition of Greg Kaplan as Chief Revenue Officer. Kaplan will oversee global sales and partnerships, helping MURAL expand its consultative approach and build an ecosystem of global partners. Kaplan brings over 25 years of experience leading enterprise software and cloud computing organizations, having served in management positions at Bluewolf, an IBM Company, Oracle, and Salesforce.com.
“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. “On top of that, huge touchscreens are rapidly entering the marketplace, making it easier for teams to collaborate in a digital workspace. This funding will support our aggressive product roadmap to coach customers on how to run better meetings, and keep high levels of enterprise readiness to support global deployments. Greg’s experience building global teams will help us better serve our enterprise customers and improve how we work with consultants supporting brands in their culture transformations, which I’m truly excited about.”