Figma

Figma moves closer to a blockbuster IPO that could raise $1.5B

Figma publicly shared its financials Tuesday, inching the design software company closer to an IPO. And while this initial S-1 is missing details such as number of shares to be offered and what price, the regulatory filing provides the clearest view yet of its financial health — and potential. IPO experts Renaissance Capital estimate that

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Figma releases new AI-powered tools for creating sites, app prototypes, and marketing assets

Design company Figma today announced multiple features, including AI-powered site and web app creation, a way for marketers to create assets in bulk, and a new drawing tool. With this launch, the company is taking on other creative solutions such as Canva and Adobe, along with AI-powered website and prototype creators such as WordPress, Wix,

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Figma sent a cease-and-desist letter to Lovable over the term ‘Dev Mode’

We may be witnessing the makings of a new tech industry feud between competitors. Figma has sent a cease-and-desist letter to popular no-code AI startup Lovable, Figma confirmed to TechCrunch.  The letter tells Lovable to stop using the term “Dev Mode” for a new product feature. Figma, which also has a feature called Dev Mode,

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Phase raises $13M to speed up the UX design process with its no-code platform

UX and UI designers work closely with engineers throughout product development to build and implement design concepts and wireframes for functional user interfaces. Regular communication, feedback and testing are required for the collaboration to work smoothly and deliver a user experience that aligns with the intended design goals. Nick Budden, a serial entrepreneur who used

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Ex-Autodesk execs snag $46M to build the next gen of architecture design

Talk to many architects, and they’ll likely tell you that Autodesk’s software, including AutoCAD and Revit, has been indispensable to their work for decades. But despite their widespread use, Autodesk’s former co-CEO and chief product officer Amar Hanspal says that the architecture, engineering, and construction (AEC) industry is using 20th century tools to design 21st

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From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. 2024 delivered four venture-backed tech IPOs, Reddit, Astera Labs, Ibotta and Rubrik, in March and April, which made it seem like this year could spur the momentum investors

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Figma pauses its new AI feature after Apple controversy

Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. This week, Figma CEO Dylan Field said the company will temporarily disable its “Make Design” AI feature after it was accused of “heavily” training the tool on existing apps. The

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