A major digital workspace for visual collaboration, MURAl, recently made an announcement relating to its successful Series A funding. The company raised $23 million in a funding round led by Radian Capital, with participation from Gradient Ventures, Google’s AI-focused venture group, and Endeavor Catalyst. Prior to this, the company had managed to set-off very well on less than $2 million capital and had positive cash-flow for several quarters of the last year.
The funding received will enable the company to expand its visual collaboration solutions around experience design, agile development, and remote work needs. This will help MURAL grow its product developments and strategy and may double the size of the company by the end of 2020. The company also announced the addition of Greg Kaplan as to the position of its CRO. Having served Bluewolf (an IBM Company), Oracle, and Salesforce in the past, Greg will be in charge of worldwide sales and partnerships. He will help the firm expand its territories by building a network of partners from across the globe.
Weston Gaddy, Partner and Co-founder at Radian Capital said that as enterprises continue to be acquainted with the power of design to build better products in becoming more customer-centric, moe inclinations can be seen towards the adoption of visual collaboration techniques like design thinking, lean, and agile. Weston added, “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.”
Mariano Suarez-Battan, Co-founder and CEO at MURAL said that the funding will help the firm with its 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,” Mariano said.
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