About Company
Figma is a cloud-based collaborative design platform founded in 2012 by Dylan Field and Evan Wallace while they were computer science students at Brown University. Headquartered in San Francisco, Figma enables teams to create, share, and iterate on digital designs in real time, making it a popular choice for UI/UX design, prototyping, and cross-functional collaboration. The platform supports features like live collaboration, version control, and developer handoff tools, facilitating seamless teamwork across design and engineering teams .
Figma's business model includes freemium and subscription plans, with paid tiers ranging from $12 to $45 per user per month, depending on features and team size . In 2024, the company reported approximately $400 million in revenue and served over 50,000 customers globally . Figma's clientele includes major tech companies such as Google, Microsoft, Uber, and Spotify .
In 2022, Adobe announced plans to acquire Figma for $20 billion, but the deal was abandoned in December 2023 due to regulatory challenges. Subsequently, Figma confidentially filed for an initial public offering (IPO) in April 2025, aiming to go public amid continued growth and innovation in the design software industry .
As of 2025, Figma continues to expand its product offerings, including the introduction of Figma Slides (Flides) for collaborative presentations and the integration of AI-powered features to enhance design workflows .