// startup autopsy
Mirifice
UK SaaS pioneer acquired before the cloud era arrived
timingAcqui-hire
Fatal mistake: Mirifice built SaaS infrastructure too early in the enterprise adoption curve, running out of runway before cloud software became mainstream in UK businesses.
Key Events Timeline
FOUNDING
Mirifice founded in the UK to build enterprise SaaS software during the early cloud era.
FUNDING
Raised initial funding to build and commercialize enterprise software products.
FUNDING
Final funding round closed at $1.31M total; no further external capital raised.
PIVOT
Mirifice attempted to reposition its product offering to survive as enterprise cloud adoption lagged expectations.
SHUTDOWN
Mirifice was acquired and ceased independent operations; team and technology absorbed by acquirer.