Figma

Delivers collaborative design platform with AI features including Check Designs linter and Text-to-Layout for UI/UX work. Adobe attempted $20B acquisition blocked by regulators in 2023; adding AI to maintain design system consistency automatically.

Industry-standard for product design with AI embedded directly in live design environment; Make feature converts text to working code components.

figma.com Creative Suites & Workflows

United Statespublic · NYSE:FIG

At a glance

Total raised

$1.9B

last round ipo

Headcount

1k-5k

approximate · public range

Headquarters

San Francisco

United States

Founded

2012

14 years active

Status

Public

Ticker · NYSE:FIG

Latest valuation

$19B

IPO · 2025

For subscribers

Subscribe to see the full profile

Including Funding rounds, Bull / Bear thesis, Stock + earnings, Roster changes, Patents, News, and Open roles.

Founding

50% off

/month

94 of 100 spots left

Full

$10

/month

Available once all 100 Founding Member spots are claimed.

Get full access

Already subscribed? Sign in →

Funding history

Total raised

$1.9B

Rounds tracked

Latest stage

IPO

Latest valuation

$19B

Date	Stage	Amount	Valuation	Lead investors
Jul 31, 2025	IPO	$1.2B	$19B	—
May 15, 2024	Series F	$416M	$12.5B	Coatue Management, Alkeon Capital Management, General Catalyst Partners
Jun 23, 2021	Series E	$200M	$10B	Durable Capital Partners
Apr 29, 2020	Series D	$50M	$2B	Andreessen Horowitz
Feb 8, 2019	Series C	$40M	$440M	Sequoia Capital
Feb 1, 2018	Series B	$25M	$115M	Kleiner Perkins
Dec 19, 2014	Series A	$14M	$48.4M	Greylock
Jun 1, 2013	Seed	$3.8M	—	Index Ventures

Stock performance

$22.709999084472656

2026-05-22 · NYSE:FIG

Founder backgrounds

Evan Wallace

Co-founder

Studied computer science at Brown University, where he specialized in graphics and was a teaching assistant in the computer science department. During college, he interned at Microsoft and Pixar. Co-founded Figma in 2012 and worked as CTO for the better part of a decade, leaving in 2021. Developed the hybrid C++/JavaScript architecture for Figma's editor, with the document representation and canvas area in C++ while the UI around the canvas in JavaScript. His main contributions included the rendering engine, multiplayer collaboration service, vector and text editors, and plugin system. Since leaving Figma, his biggest open source project is esbuild, a very fast JavaScript and CSS bundler.

AI bull / bear

Bull case

Figma owns the collaborative design workflow for product teams, with network effects that deepen as more organizations standardize on the platform. The failed Adobe acquisition validated a $20B valuation and proved regulatory protection from consolidation by incumbents. Now independent, Figma can aggressively integrate AI features like Check Designs and Text-to-Layout that automate tedious work while keeping designers in their existing environment. The Make feature—converting text to working code components—positions Figma to capture value beyond design handoff, eating into front-end development cycles. As AI enables more non-designers to create UI, Figma's design system consistency tools become *more* valuable, not less, serving as quality gates. The company sits at the intersection of human creativity and AI acceleration, with sticky enterprise contracts and a decade of design asset lock-in.

Bear case

Anthropic's Claude Design represents an existential threat: if AI can generate prototypes and design assets from scratch, Figma's canvas becomes commoditized infrastructure. The tool directly targets Figma's core use case, and similar moves from OpenAI or Google could fragment the market Figma dominated. Without disclosed funding history or revenue metrics, it's unclear whether Figma's business model can withstand margin compression as AI design tools proliferate. The Adobe deal collapse leaves Figma without the enterprise sales muscle and creative cloud integration that justified $20B. Competitors like Canva are adding professional features while AI-native startups bypass traditional design tools entirely. If text-to-design becomes the new interface, Figma risks becoming a file format rather than a destination—useful but low-margin, like Sketch before it.

Generated by claude-sonnet-4-5-20250929 · May 1, 2026Refreshes quarterly · see disclosures

In the news

Figma · last 30 days

No articles ingested yet for Figma. Once the hourly news pipeline is live, every article the classifier tags as mentioning this company appears here with its one-line AI summary and sentiment.

Watch

Leadership

Dylan Field

CEO & Co-founder & CEO, President, Chairman

Evan Wallace

Co-founder

𝕏

Praveer Melwani

Chief Financial Officer

—

Yuhki Yamashita

Chief Product Officer

—

Nadia Singer

Chief People Officer

Brendan Mulligan

General Counsel and Corporate Secretary

—

Products

Figma Design
The core collaborative design tool for creating, prototyping, and testing designs for websites, mobile apps, and digital products. Figma Design enables real-time collaboration with vector editing, components, design systems, and prototype capabilities. Users can work together simultaneously on the same file, making it ideal for teams of designers, product managers, and developers to iterate quickly while keeping everyone aligned.
Figma Make
An AI-powered prompt-to-app tool that lets designers and product teams transform designs into functional prototypes, web applications, and interactive UIs. Figma Make supports rapid ideation with dynamic data, responsive adaptations across form factors, and seamless integration with existing Figma workflows, enabling users to validate concepts quickly while maintaining design intent.
Dev Mode
A specialized feature set within Figma Design that bridges the gap between design and development. Dev Mode allows designers and developers to inspect design elements for code snippets, download assets, view variables and tokens, and see dimensions easily, ensuring critical details aren't lost during the design-to-code handoff.
FigJam
A collaborative digital whiteboarding tool for brainstorming, workshops, and team collaboration. FigJam enables teams to use sticky notes, drawings, shapes, and other elements to visually represent ideas and work together in real-time, facilitating strategy sessions, user journey mapping, and creative problem-solving across distributed teams.
Figma Sites
An AI-driven website and web app builder that lets designers design, prototype, and publish fully responsive websites without coding. Figma Sites enables seamless copy-paste integration from Figma Design, responsive component support, and CMS capabilities, allowing teams to go from design concept to published website within the Figma platform.

Open roles

View all careers ↗