Italian software company Bending Spoons has agreed to buy collaboration platform Miro for $1.36 billion in cash, marking a sharp reset from the startup's $17.5 billion valuation in 2021.
Founded in 2011 as RealtimeBoard, Miro grew rapidly as remote work reshaped how teams shared ideas, turning digital whiteboarding into a core part of modern collaboration. The platform later expanded with integrations across more than 250 apps and partnerships with major technology companies.
Today, Miro describes itself as an AI innovation workspace, offering AI-powered assistants, workflow tools, prototyping features, and connectors that bring context from services such as GitHub, Jira, and Slack. The company says it now serves more than 100 million total users and over four million paying users.
Bending Spoons said Miro generates about $600 million in annual recurring revenue, with roughly 90% coming from businesses and enterprises. The company is also profitable and holds about $435 million in net cash, making it a substantial asset despite the lower price tag.
The deal reflects a broader shift in software markets, where many high-growth collaboration tools have matured into steadier businesses with strong recurring revenue. For Miro, the acquisition could open a new phase of product development under an owner known for scaling digital platforms efficiently.
As AI and connected workspaces continue to evolve, this move may help shape the next generation of collaborative software.
