InVision
- 🦄Became a unicorn2017
- 📈Peak valuation$2 Billion ’18
- 💔Became a UnitardDec 2024
- 💸Last valuationWiped out
How it happened
InVision built a platform for digital product design — prototyping, collaboration and the Freehand whiteboard — an early darling of UX teams that raised more than $350M and peaked near a $2B valuation in 2018. But Figma's browser-native tools eroded its core market; revenue roughly halved to about $50M by 2022, and after selling Freehand to Miro in 2023 it wound down, shutting off on December 31, 2024. Glassdoor reviews trace the slide from inside: employees described strategy that pivoted every monthly all-hands, a revolving door of CTOs each ordering a reorg, and rolling layoffs and brain drain since 2020. Several added that, as the company's rating sank, staff were asked to post positive reviews.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: The Information / TechCrunch / Fast Company ($115M Series F led by Spark Capital + Goldman Sachs at ~$2B, 2018; raised ~$356M total; shutdown announced Jan 2024, services ended Dec 31, 2024)
