Miro logo

Miro Engineering

To build the technology enabling teams to create together without boundaries through an intuitive visual workspace for distributed collaboration.

Stay Updated on Miro

Get free quarterly updates when this SWOT analysis is refreshed.

Miro logo
Align the strategy

Miro Engineering SWOT Analysis

|

To build the technology enabling teams to create together without boundaries through an intuitive visual workspace for distributed collaboration.

Strengths

  • PLATFORM: Industry-leading visual collaboration platform with 45M+ users and 150,000+ paying customer organizations
  • ECOSYSTEM: Robust app marketplace with 100+ integrations including Microsoft 365, Google Workspace, Slack, and Zoom
  • ARCHITECTURE: Scalable cloud infrastructure handling 500,000+ concurrent users with 99.9% uptime SLA
  • UX: Intuitive interface with drag-and-drop functionality driving industry-leading 75% user retention rate
  • FLEXIBILITY: Support for diverse use cases (design, agile, strategy) across 20+ industries with customizable templates

Weaknesses

  • PERFORMANCE: Board loading times exceed targets by 35% for complex projects with 1000+ elements
  • MOBILE: Limited mobile functionality with 65% feature parity compared to desktop version
  • SECURITY: Enterprise-grade security features lag behind competitors with slower compliance certification cycles
  • TECHNICAL DEBT: Legacy code base in core product areas requiring 40% more maintenance time than industry average
  • TALENT: Engineering team growth of 15% falls below 25% market benchmark for similar-stage SaaS companies

Opportunities

  • AI: Implement AI-powered content generation and workflow automation to reduce user effort by 30%
  • ENTERPRISE: Expand enterprise-grade features to capture 40% more of the $50B visual collaboration enterprise market
  • VERTICALS: Develop industry-specific solutions for high-growth sectors like healthcare (23% CAGR) and finance (19% CAGR)
  • EDUCATION: Target the $10B education market with specialized functionality for classroom collaboration
  • API: Enhance developer platform to double third-party integration ecosystem from 100 to 200+ apps

Threats

  • COMPETITION: Microsoft and Google expanding visual collaboration capabilities within their productivity suites
  • RECESSION: Economic uncertainty leading to 20% decrease in SaaS spending across enterprise customers
  • SATURATION: Visual collaboration market maturing with 15+ direct competitors offering similar core functionality
  • COMPLEXITY: Growing feature set increasing product complexity and potentially impacting user experience
  • PRIVACY: Evolving global regulations (GDPR, CCPA) requiring significant engineering resources for compliance

Key Priorities

  • PERFORMANCE: Optimize board loading times and real-time collaboration performance to maintain competitive advantage
  • AI: Develop AI-powered features for content generation, organization, and workflow automation
  • ENTERPRISE: Enhance security, compliance, and admin capabilities to capture larger share of enterprise market
  • ARCHITECTURE: Modernize core architecture to support faster innovation while managing technical debt
Miro logo
Align the plan

Miro Engineering OKR Plan

|

To build the technology enabling teams to create together without boundaries through an intuitive visual workspace for distributed collaboration.

ACCELERATE AI

Lead visual collaboration with intelligent features

  • GENERATIVE: Launch AI diagram generation from text prompts with 85% user satisfaction and 25% weekly adoption rate
  • PLATFORM: Build unified AI infrastructure enabling 65% faster deployment of new AI features across product teams
  • ASSISTANT: Deploy AI collaboration assistant with workflow recommendations achieving 30% usage among active teams
  • ACCURACY: Reach 90% accuracy rates for AI-generated content with feedback loop improving model performance by 15% monthly
ELEVATE PERFORMANCE

Deliver lightning-fast collaboration experience

  • SPEED: Reduce average board loading time by 50% for complex boards while handling 30% more concurrent users
  • RELIABILITY: Achieve 99.95% platform availability across all regions with mean time to recovery under 10 minutes
  • ARCHITECTURE: Complete microservices migration for 70% of core platform components reducing deployment time by 60%
  • REALTIME: Optimize real-time collaboration to support 200+ simultaneous editors with no perceptible latency
SECURE ENTERPRISE

Win enterprise market with best-in-class capabilities

  • COMPLIANCE: Achieve FedRAMP, HIPAA, and ISO 27701 certification to unlock $75M in regulated industry opportunities
  • GOVERNANCE: Launch enterprise admin console with 15 new governance features covering 100% of enterprise requirements
  • DIRECTORY: Complete SSO and directory integration with 10 additional identity providers used by 85% of Fortune 500
  • ADOPTION: Increase enterprise-tier customers by 40% through enhanced security features and compliance certifications
MODERNIZE FOUNDATION

Build scalable architecture enabling rapid innovation

  • DEBT: Reduce technical debt by 40% in core platform areas through targeted refactoring and modernization
  • MOBILE: Achieve 90% feature parity between mobile and desktop platforms increasing mobile MAU by 35%
  • TESTING: Implement automated testing framework covering 85% of core functionality reducing regression bugs by 70%
  • PLATFORM: Launch next-gen developer platform with expanded APIs resulting in 50 new third-party integrations
METRICS
  • MONTHLY ACTIVE TEAMS: 22M by Q2 end (18% YoY growth)
  • PLATFORM AVAILABILITY: 99.95% across all regions
  • API ADOPTION: 40% of customer base using at least one API integration
VALUES
  • Ship with quality and speed
  • Be customer-obsessed
  • Embrace transparent collaboration
  • Think big and innovate
  • Act with ownership
Miro logo
Align the learnings

Miro Engineering Retrospective

|

To build the technology enabling teams to create together without boundaries through an intuitive visual workspace for distributed collaboration.

What Went Well

  • GROWTH: Achieved 35% YoY revenue growth, exceeding 30% target, with enterprise segment growing 42%
  • RETENTION: Improved net dollar retention to 115%, up from 108% in previous quarter
  • EXPANSION: Successfully launched in 5 new countries with localized versions increasing international revenue by 28%
  • PLATFORM: API usage increased 75% following the release of expanded developer platform capabilities

Not So Well

  • CHURN: SMB segment experienced higher than expected churn of 3.8% vs 2.5% target due to economic pressures
  • PERFORMANCE: Multiple service disruptions impacted platform availability, dropping below 99.9% SLA to 99.7%
  • CONVERSION: Free-to-paid conversion rate declined 2.5 percentage points as competition intensified
  • VELOCITY: Product release velocity decreased 20% due to increasing technical debt and integration challenges

Learnings

  • SEGMENTATION: Enterprise customers value security and compliance features 3x more than SMB customers
  • ADOPTION: Team onboarding remains key friction point with 40% of new teams struggling during first two weeks
  • TEMPLATES: Pre-built templates drive 65% higher engagement and 40% better retention versus blank boards
  • WORKFLOWS: Customers using Miro integrations with ticketing and project management tools show 45% higher team usage

Action Items

  • RELIABILITY: Improve infrastructure and monitoring to restore 99.95% availability across all regions
  • ARCHITECTURE: Accelerate platform modernization to reduce technical debt by 30% over next 6 months
  • ONBOARDING: Redesign team onboarding experience to reduce time-to-value from 14 days to 7 days
  • INTELLIGENCE: Fast-track priority AI features to meet competitive pressures and capitalize on market opportunity
Miro logo
Drive AI transformation

Miro Engineering AI Strategy SWOT Analysis

|

To build the technology enabling teams to create together without boundaries through an intuitive visual workspace for distributed collaboration.

Strengths

  • FOUNDATION: Strong data foundation with billions of user interactions to train and improve AI models
  • TALENT: Growing AI research team with key hires from Google, Microsoft, and top AI research institutions
  • INTEGRATION: Existing AI capabilities for content search, categorization, and basic recommendations
  • CANVAS: Visual workspace provides ideal environment for implementing AI-powered diagramming and organization
  • PARTNERSHIP: Strategic relationships with OpenAI and Microsoft providing early access to advanced AI capabilities

Weaknesses

  • INFRASTRUCTURE: Current infrastructure requires significant upgrades to support advanced AI model deployment at scale
  • STRATEGY: Fragmented AI roadmap across product teams lacking cohesive enterprise-wide strategy
  • SPECIALIZATION: Limited specialized ML engineers with visual collaboration domain expertise
  • TOOLING: Insufficient internal tooling for AI model training, testing and deployment compared to AI-native competitors
  • GOVERNANCE: Immature AI governance framework for ensuring responsible and ethical AI implementation

Opportunities

  • GENERATIVE: Implement generative AI to create diagrams, wireframes, and content from text prompts
  • INTELLIGENCE: Build AI assistants that suggest next steps and best practices based on workflow patterns
  • ORGANIZATION: Develop AI tools to automatically organize and structure complex visual information
  • COLLABORATION: Create AI capabilities to facilitate better team collaboration by identifying connections and gaps
  • INSIGHTS: Extract actionable insights from visual collaboration data to improve team productivity

Threats

  • COMPETITION: Competitors like Figma and Notion rapidly deploying advanced AI features ahead of market
  • EXPECTATIONS: User expectations for AI capabilities outpacing delivery timelines by 2-3 quarters
  • COMMODITIZATION: Core visual collaboration features becoming commoditized through widely available AI tools
  • COST: Increasing infrastructure and computing costs for AI deployment impacting margins
  • TRUST: Potential user concerns around data privacy and AI-generated content ownership

Key Priorities

  • GENERATIVE: Prioritize development of generative AI features to create diagrams, content and workflows from text inputs
  • PLATFORM: Build unified AI platform and infrastructure to accelerate AI feature development across product teams
  • INTELLIGENCE: Create AI assistants that guide users through optimal collaboration workflows based on patterns
  • TALENT: Strategically expand AI engineering team with specialists in visual understanding and collaboration