InVision
| Private | |
| ISIN | 🆔 |
| Industry | Digital product design |
| Founded 📆 | 2011 |
| Founders 👔 | Clark Valberg, Ben Nadel |
| Headquarters 🏙️ | , , |
Area served 🗺️ | worldwide |
| Products 📟 | Product Design, SaaS, UX Design, Collaboration |
| Members | |
Number of employees | 800 (Q1, 2019) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Introduction[edit]
InVision is a New York-based company that develops digital product design platform used by organizations to create digital customer experiences. Starting out as a prototyping tool, the company proceeded to develop a complete set of software tools that facilitate the design process, from ideation to developer handoff.
History[edit]
InVision was founded in 2011 by Clark Valberg and Ben Nadel. Valberg and Nadel had previously launched a consulting firm, Epicenter Consulting, which helped clients design and build web applications. InVision was inspired by the challenges they experienced building digital products at Epicenter, as well as a perceived need for tools built for a new generation of designers building specifically for the screen.[1]
To date, the company reports having $100M in annual recurring revenue, as well as 5 million users, including design teams at Airbnb Inc., Netflix Inc., Salesforce.com Inc., Twitter Inc., Visa Inc. and Uber Technologies Inc.[2]
Funding[edit]
In December of 2018, InVision received series F funding in the form of a $115M infusion, which put its valuation at $1.9 billion. The round was led by Spark Capital with participation from Goldman Sachs, Atlassian and others. To date, the company, has raised $350M in capital from investors including Accel, Atlassian, ICONIQ, First Mark, Tiger Global, Battery Ventures, Geodesic Capital, Oxygen Capital Partners and Spark Capital.[3]
Products[edit]
- InVision Studio is a screen design tool for creating digital experiences. Its end-to-end structure replaces a number of disparate tools, many of which had been designed for earlier generations of graphic and print design. Studio has its own app ecosystem, thus enabling designers to build add-ons and extensions to the tool itself.[4][5]
- Design System Manager enables designers and developers to build digital products faster and more consistently by managing a company’s brand and UX components all in one place.[6]
- InVision Cloud powers the product design workflow from ideation and prototyping to presentations and development.
Company Initiatives[edit]
- DesignBetter.co Launched in August 2017, DesignBetter.co is a central repository of design practices gathered from design-driven organizations.[7]
- The Design Forward Fund by InVision In December of 2017, the company announced The Design Forward Fund by InVision, a $5M investment in the form of grants and equity investments for individuals and companies they see as pathfinders and innovators in the design community. Additionally, InVision says it will offer partnership opportunities to select fund recipients, including go-to market support and exposure to the InVision community.[8]
- The Design Transformation Team In April of 2018, InVision hired designer Stephen Gates, formerly of Citi and Starwood Hotels, to lead its Design Transformation team. This team works with InVision’s enterprise clients to help them adopt design best practices and organizational structures[9]
- Design Disruptors In 2016, InVision produced a feature-length documentary film that brought together designers from leading companies to discuss how they build the products that shape the way we live. Titled 'Design Disruptors', this film describes how the user experience on the screen has become the new front line in the battle for the hearts and minds of the consumer. Following a San Francisco premiere, the documentary was screened at multiple cities internationally.[10]
Acquisitions[edit]
As InVision has grown, the company has made a number of acquisitions.
- Macaw acquired on 26 January, 2016.[11]
- Napkin acquired February 9, 2016[12]
- Waybury acquired on 16 February 2016[13]
- Silver Flows acquired on 14 March, 2016
- Easee acquired on 26 April, 2016[14]
- Muzli acquired on 27 September, 2016[15]
- Track Duck acquired in April 2017[16]
- Brand.ai was acquired in October, 2017[17]
- Wake acquired in April, 2018[18]
Workforce[edit]
InVision is a 100% distributed company. As of February 2019, the company has 800 employees. They are working in 28 countries, with the largest percentage living in the United States, followed by Europe. They also claim that by being distributed, they are able to tap into talent that isn't limited by physical location. [19]
The company was voted into Glassdoor's 'Best Places to Work in 2017' and was included on LinkedIn’s Top 50 Startups in 2018 and was a runner up for Inc Magazine’s Company of the Year for 2017.[20][21][22]
References[edit]
- ↑ Kuang, Cliff (March 26, 2018). "How Clark Valberg Accidentally Discovered The Weakness In Adobe's Empire". Fast Company. Retrieved February 7, 2019.
- ↑ Crook, Jordan (December 11, 2018). "InVision, valued at $1.9 billion, picks up $115 million Series F". Fast Company. Retrieved February 7, 2019.
- ↑ Sawers, Paul (December 11, 2018). "InVision raises $115 million for digital product prototyping platform". Venturebeat. Retrieved February 7, 2019.
- ↑ ABHIMANYU GHOSHAL (Oct 18, 2017). "InVision takes on Sketch and Adobe XD with its new Studio screen design app". TheNextWeb. Retrieved February 7, 2019.
- ↑ Crook, Jordan (May 24, 2018). "InVision design tool Studio gets an app store, asset store". TechCrunch. Retrieved February 7, 2019.
- ↑ Kaung, Cliff (October 25, 2017). "InVision's New Tool Lets Big Teams Manage Sprawling Design Systems". Fast Company. Retrieved February 7, 2019.
- ↑ Labarre, Suzanne (March 20, 2018). "Inside The Design Processes At Netflix, Slack, Pinterest, And More". Fast Company. Retrieved February 7, 2019.
- ↑ Crook, Jordan (December 19, 2017). "InVision is investing $5 million in design startups with new fund". TechCrunch. Retrieved February 7, 2019.
- ↑ Amy Conover (April 17, 2018). "Stephen Gates Becomes Head of Design Transformation at InVision". HOW Design. Retrieved February 7, 2019.
- ↑ Jay Acunzo (October 18, 2018). "Why so many tech companies are creating shows". TechCrunch. Retrieved February 7, 2019.
- ↑ Simon Berg (Mar 11, 2016). "Why The InVision/Macaw Deal Signals The Liberation Of Creativity". Forbes. Retrieved February 7, 2019.
- ↑ "InVisionApp acquirees". Index.co. Feb 2016. Retrieved February 7, 2019.
- ↑ "InVision welcomes Waybury team". invision. Feb 16, 2016. Retrieved February 7, 2019.
- ↑ "InVision acquires Easee". Retrieved February 7, 2019.
- ↑ "Muzli". Crunchbase. Retrieved February 7, 2019.
- ↑ Tarmo Virki. "Exit In Lithuania: Trackduck Sold To Invision". Arctic Startup. Retrieved February 7, 2019.
- ↑ "InVision Acquires Brand.ai and Introduces Design System Manager". Businesswire. October 25, 2017. Retrieved February 7, 2019.
- ↑ Crook, Jordan (April 3, 2018). "InVision acquires design visibility tool Wake". Techcrunch. Retrieved February 7, 2019.
- ↑ Zoë Bernard (Oct 6, 2018). "All 700 employees at this startup work remotely. Here's why one of its top execs says it's given them a major edge over the competition". Business Insider. Retrieved February 7, 2019.
- ↑ Glassadoor. "Best Places to Work 2017 Employees' Choice". Glassdoor. Retrieved February 7, 2019.
- ↑ Danidl Roth (September 6, 2018). "LinkedIn Top Startups 2018: The 50 most sought-after startups in the U.S." LinkedIn. Retrieved February 7, 2019.
- ↑ Jeff Bercovici (2018-11-26). "This Software Company Has a $1 Billion Valuation, 800 Employees, and Zero Offices". Inc. Retrieved February 7, 2019.
External links[edit]
- InVision website
- InVision YouTube Channel
- Brand.ai website
- Macaw website
- TrackDuck website
- Easee website
- Muzli website
- Waybury website
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