UPDATED 23:41 EDT / AUGUST 25 2020

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Visual enterprise collaboration startup Mural raises $118M to expand operations

Visual enterprise collaboration startup Mural today said it has raised $118 million in new funding to extend its operations globally, accelerate development and deepen its community engagement initiatives.

The Series B round was led by Insight Partners and included Tiger Global, Slack Fund, World Innovation Lab, Gradient Ventures and number of individual investors. Jeff Lieberman, managing director at Insight Partners, has joined Mural’s board.

Founded in 2011, Mural, formally known as Tacivos Inc., offers a digital workspace for collaboration in the enterprise that is designed to solve problems and build consensus using visual methods. The company says the service offers an online space for product strategy and planning, research and design collaboration, facilitated by workshops that use agile and design thinking methodologies along with sales and consulting engagements. Mural integrates with Slack, Microsoft Teams, Dropbox, JIRA, Google Drive and GitHub, among other platforms.

Mural has tripled annual revenue year over year and doubled its headcount, though it doesn’t provide absolute numbers. It now claims more than a million monthly active users. Notable customers include International Business Machines Corp., Automattic Inc., Atlassian Corporation Plc, E-Trade Financial Corp., Intuit Inc., GitHub Inc. and Autodesk Inc.

“The visual methods made popular to collaborate on ideas are here to guide us,” Mariano Suarez-Battan, Mural’s co-founder and chief executive officer, said in a statement. “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.”

Including the new funding, Mural has raised $142.3 million to date, according to Crunchbase.

Image: Mural

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