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Adobe to acquire design platform Figma for $20 billion

by Editor September 15, 2022, 1:05 pm 999 Views

Adobe to acquire design platform Figma for $20 billion

Shantanu Narayen, CEO of Adobe Systems Inc.

David Paul Morris | Bloomberg | Getty Images

Adobe

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Thursday morning that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock.

Figma, founded in 2012, creates cloud-based design software that allows teams to collaborate in real time. It competes head-to-head with Adobe’s XD program.

Figma, whose backers include the likes of Index Ventures, Greylock…

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