Figma acquired Weavy and rebranded it as Figma Weave, its first acquisition since the IPO and a major expansion of its AI media-generation capabilities.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
Figma is a San Francisco-based public company that offers a browser-native collaborative canvas for design, code, and AI. It helps teams brainstorm, design, prototype, hand off to developers, and increasingly build production-adjacent work in one shared workspace.
Primary product
Collaborative canvas platform for design, code, and AI (Figma Design, Dev Mode, FigJam, Slides, Make, Draw, Sites, and Buzz)
Founded
2012
Headquarters
San Francisco, California, United States
Team size
1,001-5,000
Work style
Hybrid
Industry
Design Services
Sub-industry
Collaborative design software / product development platform
Offices
Stage
Public (NYSE: FIG)
Total raised
$332.8M
Latest round
Initial Public Offering (IPO) · Jul 2025
Latest amount
$1.2B
Jul 2025
Jul 2025
Leadership
Co-founder & CEO
Chief Technology Officer
Figma’s public culture signals are highly collaborative, design- and engineering-oriented, and increasingly AI-forward. The company emphasizes inclusive collaboration, maker culture, and hybrid hub-based work with remote options, plus fast feedback loops between design, product, and engineering.
Work style
Hybrid
Compensation
Public job postings show localized base-salary bands by hub/remote location, plus equity, and for eligible roles bonuses or sales incentives. Compensation is paired with a competitive benefits package and pay localization for remote employees.
Benefits
Pricing
Tiered per-seat SaaS with Starter (free), Professional, Organization, and Enterprise plans; seat types include Full, Dev, Collab, and free View seats, with AI credits and add-ons layered on top.
Differentiators
Technology
Estimated revenue
$1.422B-$1.428B (FY2026 guidance as of May 14, 2026)
Estimated monthly visits
83.6M
Traffic estimate as of Jul 2026
Figma acquired Weavy and rebranded it as Figma Weave, its first acquisition since the IPO and a major expansion of its AI media-generation capabilities.
SourceReuters reported a proposed class action alleging Figma misused customer data and designs to train AI models, a material legal and privacy risk.
SourceFigma Newsroom · Jul 2026
Figma announced GPT-5.6 availability in Figma Make, underscoring its push into AI-assisted app building and prototyping.
TechCrunch · Jul 2026
Figma acquired the team behind Bud (formerly Orchids), and the acquired product was scheduled to shut down by July 18, 2026.
Figma Newsroom · Jul 2026
Figma said it achieved ISO 42001 certification for its AI management system, framing responsible AI governance as a differentiator.
Figma Newsroom · Jun 2026
At Config 2026, Figma announced new materials, code layers, Motion, and Weave-related capabilities that expand the canvas beyond classic design work.
Figma Investor Relations · May 2026
177 jobs at Figma
Business model
Jul 2024 · Coatue Management, Alkeon Capital Management, General Catalyst Partners
May 2024 · Coatue Management, Alkeon Capital Management, General Catalyst Partners
Jun 2021 · Durable Capital Partners
Apr 2020 · Andreessen Horowitz
Feb 2019 · Sequoia Capital
Feb 2018 · Kleiner Perkins
Dec 2015 · Greylock
Jun 2013 · Index Ventures
Chief Product Officer
Chief People Officer
Founders
Evan Wallace
Co-founder
Investors
Customers
Competitors
Adobe and Figma terminated their planned $20 billion merger after regulatory scrutiny, and Adobe agreed to pay a $1 billion termination fee to Figma.
Figma reported Q1 2026 revenue of $333.4M, 46% year-over-year growth, and raised full-year 2026 revenue guidance to $1.422B-$1.428B.