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Miro (formerly RealtimeBoard) is a Russian employee collaboration service launched in 2011. It allows teams to remotely create canvases for visualization and discussion of ideas. On the platform, you can draw sketches, build diagrams, etc. Integration with Google Docs, Slack, Trello and other collaboration applications is provided. In April 2020, the company announced 5 million users of its product.
History
2023:7% staff cut
On February 2, 2023, the Perm IT company Miro, a developer of a platform for remote work, which left Russia, announced a reduction in the number of personnel. 119 people will lose their jobs, or approximately 7% of the total number of full-time employees.
The reorganization was announced by Miro CEO Andrei Husid. According to him, this measure is partly dictated by the current macroeconomic situation. The company is making the necessary structural changes to its business model to better align with the strategy for further development. In addition, as noted, Miro no longer needs a team of the same size to meet the needs and perform the tasks.
 | Over the past three years, we have grown significantly and hired employees during a unique period of time. Nevertheless, like many companies in a number of industries, we are not immune to the macroeconomic environment. We carefully studied costs and operational efficiency across the business and realized that we need to make adjustments to meet strategic priorities, "Husid said. |  |
The layoffs will affect all Miro units. Employees who fall under the cuts will receive 14 weeks' wages as severance. In addition, the payment of relying bonuses is provided. Miro plans to provide funds equivalent to six-month premiums on. health care In addition, dismissed employees can keep laptops previously issued by Miro (subject to security protocols). The company will provide career support services, including resume development and interview preparation with another employer. In addition to making changes to the team, Miro will tighten prioritization and costs, especially in areas such as hiring, travel and internal activities.[1]
2022
Getting into the top 10 most expensive US unicorn companies founded by immigrants
At the end of August 2022, the American non-profit organization NFAP published a rating of the most expensive American startups founded by immigrants. The list includes companies with Russian roots [[|Miro]] (employee collaboration platform) and Gopuff (food delivery service). Read more here.
Liquidation of a legal entity in Russia
On June 10, 2022, it became known about the liquidation of Multivitamin LLC, a legal entity of the Russian division of Miro. This is evidenced by the data of the Unified State Register of Legal Entities.
According to Interfax with reference to this register, the decision to liquidate Multivitamin LLC (established by Perm residents Andrei Khusid and Oleg Shardin in 2011) was made on May 26, 2022. Ekaterina Gabdulbarova, who served as director of Multivitamin, was appointed liquidator.
On March 11, 2022, Miro announced that it was suspending the Perm branch. The office was located in the Digital Port business center on the street. Reshetnikovsky descent, 1/5. Employees were offered assistance in the relocation to other units. According to Kommersant-Prikamye, the company took most of the Perm team to Yerevan. There is no exact data on the number of workers transferred there by June 10, 2022.
| | Miro continues to serve Russian and Belarusian users who can still use our product if they have a valid subscription to paid tariffs, the company said then. | |
In addition, free traffic will also remain available to Russian users to work on projects. The company notes that some individual users from Russia and Belarus may have a problem paying for the service, so for now they are offered to stay at a free tariff.
By June 2022, Miro employs about 1.4 thousand people in 12 offices located in San Francisco Angeles New York Austin Amsterdam Tokyo,,,,,,,,,,,,. London Berlin Munich Paris Yerevan Sydney The Miro (formerly RealtimeBoard) distributed team collaboration platform is used by about 5 million people around the world. IT company[2]
2021: $17 billion valuation
The developer of the platform for remote work Miro, created by immigrants from Russia, received an estimate of $17 billion. This became known in December 2021.
According to the Financial Times (FT), we are talking about a round of funding for $400 million, which is planned to be closed by the end of 2021. Moreover, the amount can grow to $900 million if the issued shares of Miro, which were previously bought by investors, are included in the transaction.
Who decided to invest in Miro in December 2021 is not reported. According to sources of the publication, among the investors was the Iconiq Capital fund, which manages money, including the founder and head of Facebook, Mark Zuckerberg, co-founder of Twitter, Jack Dorsey and other leaders of large technology companies.
Before the funding round in December 2021, the Miro platform conducted three investment deals and received a total of $76.3 million. Iconiq Capital previously invested $50 million in the startup.
The Miro service was created by Andrei Khusid and Oleg Shardin in Perm, by December 2021 the company's offices are located in Amsterdam and San Francisco. The startup managed to create a successful and popular tool in the corporate sector to work on projects and successfully introduce a subscription model. The service is used by almost all Fortune 100 companies, and in total there are 25 million users.
FT sources note that Miro recently received an offer from investors who are ready to value the company at $20 billion. However, Iconiq Capital and Miro declined to comment on this information in December 2021.
Investor interest in projects like Miro is associated with the high popularity of collaboration tools using informative visualization. Over the past 18 months, sales of this software have grown 10 times, analysts said Gartner in December 2021.[3]
2020
Integration of Miro and Webinar Meetings
On August 27, 2020, it became known that Webinar Group presented an updated version of the video conferencing service Webinar Meetings. The service has launched integration with the Miro online remote collaboration platform. Users will be able to remotely brainstorm, strategic sessions and group training using Miro online boards. Read more here.
Raising $50 million in investments
On April 23, 2020, it became known that Miro had attracted about $50 million in investments from the American fund ICONIQ Capital, which manages the capital of Facebook founder Mark Zuckerberg and some other technology executives.
The investment was reported by venture capital fund AltaIR Capital, which previously invested in Miro. According to Igor Ryabenky, managing partner and AltaIR and AltaClub venture capital community, Miro is developing breakthrough technologies for remote teams - one of the most progressive areas for companies today.
| | We did not doubt the success of the team: its high performance, focus on the result, strong expertise and international ambitions made it possible to build an attractive business in a short time. The interest of international and authoritative investors confirms this, - Forbes magazine quoted him as saying. | |
Miro's new investment will be used to expand international sales and marketing teams, as well as to expand tools for enterprises and API developers
By April 23, 2020, Miro received a total of $76 million in investments, including $25 million from Accel and AltaIR Capital, as well as $1.3 million from AltaIR Capital and business angels. The service is used by a number of large companies, including Netflix, Twitter, Airbnb, Cisco and Skyscanner.[4]
Notes
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