Breaking News: InVision shutting down in 2024

Last Modified: Feb 22nd, 2024 - Category: News
InVision shutting down cover image

InVision’s journey in the digital design landscape, marked by its rise, struggles, and eventual shutdown, offers a comprehensive case study of innovation, competition, and market dynamics in the tech industry.

InVision’s establishment in 2011 marked the birth of a company destined to revolutionize the digital design space. It introduced a platform that allowed designers to create interactive prototypes, filling a significant gap in the design tool ecosystem. This innovation, especially crucial for Sketch users, streamlined the design process and significantly improved the efficiency of design workflows.

InVision history: a UX design revolution

InVision’s impact on UX design history is notable. They effectively took existing technologies and workflows, refining and making them more accessible to a broad spectrum of designers. Their introduction of a free plan was a significant innovation, especially at a time when options for UX designers were limited to tools not specifically crafted for UX, like the Adobe suite, or were prohibitively expensive for individual designers and small studios.

InVision’s approach democratized UX design, opening up the field to a much larger audience. The platform’s combination of user-friendliness and robust functionality quickly made it a favorite in the design community. Yet, the recent news of InVision shutting down prompts a deeper examination of its history, the evolution of the UX design landscape, and the intricate web of factors that led to this significant turn in its journey

But… what happened with InVision that now we’re announcing its death? Let’s make a bit of history and see if we can get to something

InVision shutting down or not? Image with title "The FUTURE of collaboration is here"
InVision shutting down or not? This is still live on InVision’s website 🙁

Early Innovations and Market Disruption

InVision’s story began in 2011, marking the entrance of a visionary player in the digital design space. Its innovative platform, which allowed designers to create interactive prototypes, filled a crucial gap in the market. This was particularly significant for users of Sketch, a design tool that lacked native prototyping capabilities. The integration of InVision with Sketch not only filled this gap but also streamlined the design process, making it more efficient and effective. InVision’s early years were characterized by a spirit of innovation and a keen understanding of the needs of the design community.

Rapid Growth and Market Leadership

InVision’s ascent in the digital design market was meteoric. Backed by significant funding from investors like Goldman Sachs and Spark Capital, the company rapidly grew, both in terms of user base and market valuation. At its peak, InVision’s market value reached a hefty $2 billion valuation, reflecting its dominance and the high regard it held in the industry. This period was marked by the widespread adoption of “InVision design,” with its platform becoming a staple in the workflows of designers around the world.

The Competitive Landscape Shifts

The digital design industry is known for its dynamic nature and intense competition. The rise of platforms like Figma, Adobe XD, and Sketch introduced new challenges to InVision’s dominance. These competitors brought to the market innovative features and seamless integration capabilities that began to draw users away from InVision. The market dynamics were shifting, and InVision’s position as the market leader was under threat.

In my opinion, Figma was clever to adopt what others were doing, but they did it better. This included free access, prototyping tools, and most features from Sketch. Essentially, Figma did what InVision did; they didn’t invent anything new, just enhanced what already existed. However, Figma offered limitless free features, unlike InVision, which had limitations.

Additionally, InVision emerged at a time when web designers were less aware of UI or UI tools, while Figma capitalized on the existence of millions of web designers eager for a free design tool. I believe this was the key difference and the beginning of the downfall. Again, this is just my personal opinion.

Strategic Pivot: InVision Studio

In an effort to counter the rising competition and maintain its market position, InVision launched “InVision Studio.” This product was a strategic move to offer a more advanced, integrated design solution. However, despite its potential, InVision Studio faced significant challenges. Performance issues plagued the new tool, hindering its adoption and effectiveness. This period marked a turning point for InVision, signaling the beginning of its challenges in maintaining relevance in a rapidly evolving market.

Financial Decline and Strategic Missteps

The financial struggles of InVision became increasingly apparent. The company witnessed a 50% drop in revenue to $50 million in 2022, a stark indicator of its reduced market influence. The factors contributing to this decline were multifaceted, including the apparent inability to innovate at the pace of competitors, a certain failure to effectively address user needs, and internal challenges in product development and management.

Image comparing Sketch and Invision landing pages
Sketch and InVision’s landing pages look very similar. And guess which other landing page looks very similar as well?

The End of an Era: InVision Shutdown Announced

The culmination of these challenges led to the announcement of “InVision shutting down” its design collaboration services by the end of 2024. This decision marked the end of an era for a company that had once been at the forefront of digital design. The sale of its Freehand visual collaboration product to Miro, a major player in the digital collaboration space, was a strategic but ultimately final move for InVision.

Post-mortem: InVision Discontinued

InVision death meme image

The decision to discontinue InVision serves as a significant case study in the tech industry. It highlights the importance of continuous innovation, market responsiveness, and the agility to adapt to rapidly changing market conditions. InVision’s story demonstrates the harsh reality of the tech industry, where even market leaders can quickly become obsolete if they fail to evolve with the industry’s pace.

Looking Ahead: Lessons and Future Implications

In conclusion, InVision’s journey from an innovative leader to a company facing challenges and ultimately shutting down provides critical insights into the demands of the technology sector. It underscores the need for continuous evolution, customer focus, and adaptability in an industry characterized by rapid change and fierce competition.

But for all of us who started with one of the best pieces of software ever, this is a sad time indeed!

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