Mermaid Chart, a San Francisco, CA-based company offering text-based diagramming and workflow management tools, raised $7.5M in Seed funding.
The round saw participation from Microsoft’s M12, Sequoia Capital, Open Core Ventures (Sid Sibrandij, CEO, GitLab), Streamlined Ventures, Good Friends Capital (Dave Gilboa, Co-Founder and Co-CEO, Warby Parker), V1 VC (Benny Joseph, Chief Technology, Allbirds), Irregular Expressions, Firebrand VC, Elefund, Anorak Ventures, Gaingels, Mana Ventures, and others.
The company intends to use the funds to expand operations and development efforts.
Founded by Knut Sveidqvist, CTO, and led by Andrew Firestone, CEO, Mermaid Chart offers text-based diagramming and workflow management tools to help enterprise teams communicate, collaborate, and solve business problems through visuals and diagrams. Its platform was built on top of Mermaid’s core components, providing additional tools and functionality to bring value to its enterprise customer base.
Users can build and collaborate on diagrams such as flowcharts, state diagrams and mindmaps quickly.
Mermaid Chart recently introduced a new Visual Editor for flowcharts and an AI-powered diagram generator, allowing enterprises to generate, customize, and manage workflows from large complex diagrams. These new enterprise-grade products leverage the power of automation and AI to facilitate easy visual collaboration, enabling teams to work together efficiently, regardless of their location.
Looking ahead, Mermaid Chart is set to expand its software capabilities significantly. Plans are underway to introduce automated documentation tools tailored for software engineers, advanced AI-driven diagramming features, and comprehensive workflow management solutions. The company is also developing a full-service on-premise package designed for high-security organizations.
FinSMEs
20/03/2024