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Search resuls for: "Figma's"


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☆ Adobe's product chief sees its $20 billion bet on Figma as a way to fast-track into virtual-whiteboarding tools, which he says will soon become as important as PowerPoint
  + stars: | 2022-09-16 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +4 min
Adobe's $20 billion bid for Figma would bring one of its own biggest competitors on board. Adobe's $20 billion bid to buy the design-software company Figma shocked many in the design community, especially as IPOs and acquisitions have slowed amid the downturn. Since Dylan Field, the CEO of Figma, founded the company in 2012, it quickly became one of Adobe's biggest competitors. Belsky said that right now, there's no clear integration between Figma and Adobe's tools like Photoshop or Illustrator, but joining forces brings the opportunity to do that. Belsky said he sees whiteboard tools becoming as important as PowerPoint or other slide-presentation tools.
☆ Adobe's $20 billion deal to buy Figma is one of the biggest ever for a venture-backed startup. Early VC investors like Index Ventures, Greylock, and Kleiner Perkins stand to win big.
  + stars: | 2022-09-15 | by ( April Joyner | ) www.businessinsider.com   time to read: +2 min
Adobe is buying the design-software startup Figma for $20 billion. Its early backers, including Index Ventures and Greylock, are likely to see big returns as a result. In a sleepy period for initial public offerings and blockbuster acquisitions, Adobe's $20 billion deal to acquire the design-software company Figma stands out. The acquisition is likely to be a sweet deal for early investors such as Kleiner Perkins, Index Ventures, and Greylock Partners. And now, Adobe is paying $20 billion, a combination of cash and stock, which is twice Figma's last known valuation.
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