What Figma is
Figma is a collaborative design canvas used by 95% of the Fortune 500. It spans design, prototyping, code generation (Make), developer handoff (Dev Mode), presentations, whiteboarding (FigJam), and AI image/video workflows (Weave).
Funding snapshot
Figma is publicly listed on the NYSE under the ticker FIG. Its IPO priced at $33 per share on 31 July 2025, raising about $1.22B, with a first-day market value of $56.3B. Figma was founded in 2012 by Dylan Field and Evan Wallace. Adobe's roughly $20B acquisition of Figma, announced 15 Sept 2022, was abandoned on 18 Dec 2023 after regulatory hurdles; Adobe paid a $1B reverse breakup fee. No 2026 funding round has been announced; Figma remains public.
Key features
- Figma Design with components, auto layout, variables, branching/merging
- Figma Make: prompt-to-code generation of prototypes and web apps
- Dev Mode with code handoff (Code Connect, REST API, VS Code extension)
- Figma Slides, FigJam, Figma Sites, Figma Buzz, Figma Motion, Figma Draw
- Figma Weave AI workflows for imagery and video
- Figma Motion for prompt-driven, production-ready animation on the canvas (launched Config 2026, 24 June 2026)
Where it lives
Alternatives to consider
Related reading
2 pieces from AIUnpacker on Figma
Prompt collections
1Related comparisons
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Sources & media
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