Figma’s Meteoric Rise Challenges Adobe’s Dominance in Design Software
Figma's stock tripled in its market debut, catapulting its valuation toward $60 billion—nearly half of Adobe's market cap. The design upstart, which Adobe once sought to acquire for $20 billion, is now positioning itself as a formidable competitor with AI-driven innovation.
First-quarter revenue surged 46% year-over-year to $228.2 million, fueled by adoption from 95% of Fortune 500 companies. Tech titans including Amazon, Alphabet, and Netflix rely on Figma's real-time collaboration tools, signaling a seismic shift in the digital design landscape.