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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Figma

🌎 figma.com

Figma is a leading collaborative design tool based in San Francisco, California, that enables teams to design, prototype, and gather feedback on products in a single platform. It aims to make design accessible to everyone and offers a suite of products including Figma Design, FigJam, and Figma Slides, facilitating collaboration among designers, developers, and product managers.

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Figma - Latest News and Updates

• A new Figma plugin called Vector Image AI generates custom SVG illustrations using AI based on text prompts, integrating seamlessly into Figma without needing to export or import.
• Figma raised $415.7M at a $12.5B valuation in May 2024, with revenue reaching $400M the same year.
• Figma is hosting a 'Connect & Celebrate 2025: A New Year's Social' event in London on January 23, replacing previous holiday-themed events.
• Figma has announced the open beta of Figma Slides, a new tool aimed at enhancing visual storytelling in presentations.
• Figma has become the latest sponsor of Motion, supporting UI animation for their site, core product, and FigJam.

• Luis Ouriach, Design Advocate at Figma, released a free shadcn Figma UI kit with semantic colors, typography styles, and more for community use.
• Nick Smith has joined Figma as a Staff Engineer on the New Initiatives team.

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