US-based visual collaboration developer Mural has secured $23m in a series A round that included Gradient Ventures, the artificial intelligence-focused corporate venturing vehicle for internet technology provider Google.
Growth equity fund Radian Capital led the round, which also featured co-investment fund Endeavor Catalyst.
Mural has created an online platform that enables users to collaborate with each other through the use of diagrams. It will use the cash to double headcount by the end of 2020, focusing on its product development and go-to-market activities.
Mariano Suarez-Battan, co-founder and chief executive of Mural, said: “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.”
Intel Capital, the corporate venture capital arm of semiconductor and data technology provider Intel, joined Alta Ventures, 500 Startups and various angel investors to invest an undisclosed amount in the company in 2012.
Intel Capital, Alta Ventures, NXTP Labs and Collaborative Fund subsequently supplied $1.35m in seed capital for Mural in 2016. It said this week it had raised less than $2m prior to the latest round.
