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Figma acquires AI design startup Weavy for $200 million
Figma has announced its acquisition of the Israeli AI-powered design startup Weavy for an estimated $150 to $200 million, marking a significant milestone since the design platform’s IPO in July. Based in Tel Aviv, Weavy will operate under the new brand Figma Weave, integrating its 20 employees into Figma’s growing AI initiatives.
Strategic move to enhance AI capabilities
This acquisition signals Figma’s commitment to expanding beyond its core design platform, investing heavily in creative tools powered by artificial intelligence. Market sources revealed that Weavy, which raised only $4 million in seed funding four months ago with a valuation of $13 million, was acquired for a significantly higher price.
Dylan Field, Figma’s CEO, highlighted the strategic importance of this move, stating, “This node-based approach brings a new level of control and mastery to AI generation. Weavy’s team has inspired us with their blend of simplicity, accessibility, and power.”
Weavy’s technology and background
Founded in 2024 by former Fiverr executives led by CEO Lior Albeck, Weavy developed a platform that integrates multiple AI models with professional editing tools on an infinite canvas. Its node-based workspace allows users to work with AI systems like Flux, Ideogram, Runway, and OpenAI to generate high-quality images and videos.
Weavy has already attracted enterprise clients like Nvidia, Wix, and eToro, offering what it calls “Artistic Intelligence”, professional-grade AI tools that preserve human creative control. According to Entrée Capital, the startup’s primary investor, Weavy emphasizes design depth and product sophistication over simple, one-click AI generation.
Competitive market and industry growth
The acquisition comes amid fierce competition in the AI design tools market, which is projected to grow from $6.1 billion in 2025 to $28.5 billion by 2035. Earlier this month, Perplexity acquired Sequoia-backed Visual Electric, and Krea raised $83 million in funding.
Figma’s move also follows its successful IPO, where shares surged from an initial $33 to over $140 on the first trading day, valuing the company at approximately $68 billion. With over 13 million monthly users and $749 million in revenue in 2024, Figma is positioning itself as a leader in the evolving AI-driven design landscape.