IANS | 04 Jan, 2024
Design company InVision, once valued at $2 billion, has announced to wind up operations by the end of 2024.
InVision
is the visual collaboration platform powering the world’s smartest
companies, helping more than 7 million people across global enterprises
and small teams transform the way they work together.
It had raised more than $350 million from investors including Goldman Sachs and Spark Capital.
Michael
Shenkman, CEO, InVisionApp, said in a statement that after careful
consideration, “we have made the difficult decision to discontinue
InVision’s design collaboration services (including prototypes, DSM,
etc) at the end of 2024”.
“As you may know, our Freehand visual
collaboration product was acquired by Miro earlier this fall. Miro has
exciting plans for Freehand and will be communicating with Freehand
customers directly moving forward,” he informed.
“We recognise the
decision to end-of-life our design collaboration services will impact
your creative process and workflows. We wanted to share our plans with
ample notice so that you can plan accordingly”.
For the enterprise
customers, the sales team will work with them directly to answer any
questions they may have about this transition and direct them to
alternative solutions, should they be required.
“For our
self-serve (non-Enterprise) customers, you will be able to continue
using InVision until the end of 2024. However, we have discontinued our
annual subscription offerings. Instead, you will be able to use the
services on one of our monthly subscription options,” the CEO informed.