San Francisco-based Dylan Field is now the talk of the technology town. His design-software company Figma has been taken over by the rival Adobe Inc.. Adobe agreed to pay $20 billion for Figma, which Field co-founded with a former Brown University classmate. Figma was valued at $115 million in 2018. By 2021, that valuation had…
The Story of the Ivy League Dropout Who Made $20 Billion Selling His Firm to Adobe
Adobe Set to Acquire Design Startup Figma for $20 Billion
Software company Adobe announced that it will buy collaborative design startup Figma in a multibillion-dollar deal. According to the agreement, Adobe will buy Figma for approximately $20 billion in a transaction involving roughly half stock and half cash, the tech giant said in a news release on Sept. 15. Adobe will grant six million additional restricted stock…
Adobe Buying Figma in $20 Billion Cash-and-Stock Deal
Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem. The companies said that Figma’s web-based, multi-player capabilities will accelerate the delivery of…
US Software Company Drops Chinese Drone Maker DJI Over Russia-Ukraine War
March 15, 2022
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Figma, a fast-growing U.S. provider of vector graphics editing softwares, closed access to its services for the world’s leading drone maker, China’s DJI, on March 12, according to Chinese state-run media China Fund on March 13. The financial newspaper operated by the People’s Daily posted an email that it is was sent by Figma to DJI….
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