Bending Spoons has agreed to acquire workplace collaboration platform Miro in an all-cash transaction valued at $1.36 billion, implying equity value of about $1.79 billion including Miro’s net cash. The deal represents a steep decline from Miro’s $17.5 billion valuation in late 2021, when remote-work demand drove rapid user and customer growth. Miro now reports more than 100 million total users, over 4 million paying users and about $600 million in annual recurring revenue, with roughly 90% generated by business and enterprise customers. The company is profitable and has about $435 million in net cash. Founded in 2011 as RealtimeBoard, Miro has expanded from a digital whiteboard into an AI-focused workspace with integrations spanning more than 250 applications, including GitHub, Jira and Slack. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and regulatory approvals, while the companies operate independently until closing. Certain Miro shareholders will reinvest $295 million of their proceeds in newly issued Bending Spoons equity. The acquisition follows Bending Spoons’ $1.285 billion purchase of Airtable and reflects the sharp retreat in software valuations since 2021.