The Venture Codex Logo

The Venture Codex

InVision

41 Madison Avenue, Floor 25, New York, 10010, United States

Overview

InVision began in 2011 as a prototyping tool and has grown into a full design collaboration suite — InVision Cloud, Studio, and Design System Manager — that aims to serve entire organizations. The company reports $100 million in annual recurring revenue and has surpassed 5 million users. Its customer base includes digital-first companies such as Netflix, Uber, Airbnb and Twitter, and it serves 97 percent of the Fortune 100 with clients like Adidas, GE, NASA, IKEA, Starbucks and Toyota. InVision emphasizes viral adoption from designers to product, marketing and executives, helped by a freemium model and integrations (notably deeper integrations with Atlassian products). The company has a Design Transformation Team to help enterprise customers adopt new practices and achieve design maturity. InVision positions itself to both complement and compete with incumbents like Adobe and is focused on continued execution to maintain momentum. InVision is a design collaboration platform that lets designers, engineers, executives and other stakeholders work together on prototypes and designs. The company offers InVision Studio, introduced late last year as an alternative to Sketch and Adobe, and enables sharing of prototypes across product suites. InVision has built an asset and app store and launched a small fund to invest in design startups, aiming to center the design ecosystem around its platform. The company says it serves 4 million users, including 80 percent of the Fortune 500. InVision has previously raised more than $200 million. Leadership describes its goal as building a cohesive digital product operating system to help organizations build better products faster. InVision is a design collaboration platform that lets designers build interactive prototypes without requiring engineers to code every change. Launched in 2011 and based in New York, the company has expanded its product set to include InVision Studio and acquired Brand.ai for cloud-based asset management. InVision says it serves 80 percent of the Fortune 100 and has over 3 million users, with customers such as Airbnb, Disney, and Nike. The company reports that more than 70 percent of its users are not on the design team, positioning InVision as an operating system for product design from ideation through shipment. Recently the company closed a large funding round to continue expanding its tools and enterprise reach. InVision offers a product design platform used to prototype, review, refine, manage and user-test web and mobile products. The company serves large enterprises and drives product design processes at Fortune 100 companies including Disney, IBM, Walmart, Apple, Verizon and General Motors. Founded in 2011 and based in New York City, InVision employs over 200 people across 14 countries with hubs in New York, San Francisco, London, Austin, Portland and Boston. The company reported more than two million registered users. InVision raised $55M in the reported round and has $135M in total funding. The funds will be used to broaden product offerings and invest further in the platform. InVision provides a prototyping platform that lets designers upload work, add animations and links, and share active prototypes without waiting for backend development. The company counts clients including Uber, Twitter, and Airbnb and has surpassed one million users. It serves over 500 enterprise customers with seat counts ranging from about 100 to 1,200 and records more than 3,000 new user sign-ups each day. Regular users can access a free product or a $25/month premium tier, while enterprise customers pay monthly on a per‑seat basis. InVision focuses on partnerships and integrations (notably with Sketch and Photoshop) rather than trying to become a full productivity suite. With new financing the company plans to add more social and collaboration tools and to build a larger sales team. Founder and CEO Clark Valberg launched the company in 2011.

Total raised
$349M
Funding rounds
8
Latest round
Series F
Latest activity
Dec 2018

Industries

  • Apps
  • Collaboration
  • Internet
  • Mobile
  • Product Design
  • SaaS
  • Software
  • UX Design
Visit website

Recent funding

  1. Series F

    Dec 2018

    $115M

  2. Series E

    Nov 2017

    $100M

  3. Series D

    Jun 2016

    $55M

  4. Series C

    Jul 2015

    $45M

  5. Series B

    Aug 2014

    $21M

Team

  • Stephen Olmstead

    VP, Chief of Staff, Office of the CEO

    LinkedIn
  • Ben Nadel

    Principal Engineer

    LinkedIn
  • Jonathan Wylie

    Group Product Manager

    LinkedIn
  • Andrew Graunke

    Member, Design Leadership Forum

    LinkedIn