Figma ipo3/30/2024 The funding proceeds will help Figma to expand past its current two products and focus on its users.Figma still faces stiff competition from Adobe Inc (NASDAQ: ADBE), InVisionApp Inc., and Balsamiq Studios.Figma’s customer base expanded in recent years from Airbnb Inc (NASDAQ: ABNB), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Herman Miller Inc (NASDAQ: MLHR), Kimberly-Clark Corp (NYSE: KMB) to also lightweight game, map and presentation builders, Sequoia Capital partner Andrew Reed noted.The tools helped software designers to work together in real-time, bypassing the process of saving and sending their work to collaborators using a collection of disparate apps. Dylan Field founded Figma spent several years in stealth before introducing browser-based software design tools.The company’s investors included Durable Capital Partners and Morgan Stanley through its Counterpoint Global group.Figma, which allows customers to collaborate on software as they build it, noted a demand jump from the pandemic-induced remote work. Software design company, Figma Inc, has raised $200 million at a valuation of $10 billion, Bloomberg reports.
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