Figma acquires one-year-old Israeli AI startup Weavy for over $200 million
Figma, the design platform that has become indispensable to millions of creative professionals, is making a bold bet that artificial intelligence will reshape how people actually make things by acquiring the Israeli startup Weavy for over $200 million—a stunning valuation for a company barely old enough to legally drink. The acquisition signals that the design industry's biggest player believes AI-assisted creation, not just AI-assisted tasks, is the next frontier worth paying blockbuster prices to control. For a company that once faced skepticism about whether the cloud-based design market could support a $10 billion valuation, the massive spend on a nascent AI startup suggests Figma is racing to avoid becoming a commodity tool in an
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