Tootfinder

#Figma's $300,000 Daily #AWS Bill Highlights Cloud Dependency Risks
https://www.infoq.com/news/2025/07/figma-a…

Figma prices its shares at $25 and $28 each and plans to sell nearly 37M shares to raise up to $1.03B, giving it an up to $16.4B valuation in its NYSE debut (Niket Nishant/Reuters)
https://www.reuters.com/technology/figma-aims-137-billion…

Figma releases Dev Mode Model Context Protocol server, which provides more context about how AI designs are created in Figma (Jess Weatherbed/The Verge)
https://www.theverge.com/news/679439/figma-dev-mode-mcp-server-beta-release

Figma will let your AI access its design servers
Figma is launching a Dev Mode MCP Server that can help AI models more effectively translate designs into fully coded applications.

“I do not design with Figma. He who designs with Figma has forgotten the face of his father. I design with my eye.
I do not code with an IDE. He who codes with his IDE has forgotten the face of his father. I code with my mind.
I do not push to staging. He who pushes to staging has forgotten the face of his father. I push to prod.”
--The Gunslinger, if Stephen King was full stack
#tech

A profile of Figma CEO Dylan Field, a former Thiel fellow whose Figma stake is worth ~$6.6B after the company ended its NYSE debut week with a $71B market cap (Jordan Novet/CNBC)
https://www.cnbc.com/2025/08/03/figma-ceo-dylan-fields-path…

Figma CEO's path from college dropout and Thiel fellow to tech billionaire
After Figma's first two days of trading on the NYSE, 33-year-old CEO Dylan Field owns a stake worth about $6.6 billion.

Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023 (Jordan Novet/CNBC)
https://www.cnbc.com/2025/07/31/figma-fig-starts-trading-on-nyse-after-…

Figma more than triples in NYSE debut after selling shares at $33
Fast-growing Figma's internet software has over 13 million users, and the customer list includes Google, Microsoft and Netflix.

Figma balls

The Marin Community Foundation sold 13.4M Figma shares for $440M in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace (Allie Garfinkle/Fortune)
https://fortune.com/2025/08/02/figma-ipo-surpris…

Figma IPO’s surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over an oil fortune decades ago
The Marin Community Foundation netted $440 million as the IPO's largest selling shareholder. The philanthropic organization is itself the product of a previous generation of big business—and a famous legal fight for control of the money.

Salesforce and Figma blocking integrations is a good reminder that evem if you pay, your data is the product and it isn’t really yours.

Figma files for an IPO, plans to trade on the NYSE under FIG, and reports Q1 revenue increased 46% YoY to $228.2M and net income grew from $13.5M to $44.9M YoY (Jordan Novet/CNBC)
https://www.cnbc.com/2025/07/01/figma-fig-files-for-ipo-as-tec…

Figma files for NYSE debut as tech IPO market gains steam
Figma filed its IPO prospectus on Tuesday, as the design software vendor looks to raise money and awareness to take on Adobe.

Just bought a lifetime license for Atmos because it is just sooo good for creating perceptually uniform color palettes – including a shade generator, a contrast checker, OKLCH support, CSS export, a Figma plugin, online sharing, and, and… 😍 👉 https://atmos.style
(No affiliation, just genuine excitement! 😁)

Figma opens at $85 on the NYSE, after selling shares at $33 in its IPO, hitting a ~$50B valuation, more than a year after Adobe's $20B failed acquisition (Jordan Novet/CNBC)
https://www.cnbc.com/2025/07/31/figma-fig-starts-trading-on-nyse-after-ipo.html

Figma more than triples in NYSE debut after selling shares at $33
Fast-growing Figma's internet software has over 13 million users, and the customer list includes Google, Microsoft and Netflix.

It was unavoidable that this week I'd end up writing about Apple's latest blunder. But in the context of Figma's Sites bullshit and Shopify recasting designers as "artists" it's even worse than one OS making a stupid decision.
The mission of #UXdesign is being changed: orienting away from making useful products that work for everyone, and towards branding.
…

Apple's Liquid Glass is a grim portent for UX
Industry leaders like Apple and Shopify are redefining design excellence from making products usable to solely luxury branding.

Figma priced its US IPO at $33 per share, above its expected range of $30 to $32, raising $1.2B in the offering and valuing the company at $19.3B (Jordan Novet/CNBC)
https://www.cnbc.com/2025/07/30/figma-prices-ipo-at-33-above-expected-range.html

Figma prices IPO at $33, above expected range
Software developer Figma is poised to debut on the New York Stock Exchange on Thursday, becoming the latest high-profile tech company to go public.

Figma makes its prompt-to-app coding tool Figma Make available to all users, after initially launching it in beta for Full Seat users earlier in 2025 (Jess Weatherbed/The Verge)
https://www.theverge.com/news/712995/figma-make-ai-general-availability-annou…

Figma’s AI app building tool is now available for everyone
Figma Make, the prompt-to-app coding tool that Figma introduced earlier this year, is now available for all users after launching in beta earlier this year.

who's gonna make the figma of spreadsheets?

Lina Khan cites Figma IPO as vindication of M&A scrutiny, saying letting startups grow independently, rather than be acquired, can generate "enormous value" (Anthony Ha/TechCrunch)
https://techcrunch.com/2025/08/02/lina-khan-point…

Lina Khan points to Figma IPO as vindication of M&A scrutiny | TechCrunch
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of "letting startups grow into independently successful businesses."

Figma's stock dropped 27.4% to $88.60 on Monday after last week's IPO pop; its fully diluted valuation now sits at ~$56B, still almost triple Adobe's 2022 offer (Jordan Novet/CNBC)
https://www.cnbc.com/2025/08/04/figmas-stock-sinks-after-la…

Figma's stock sinks 27% after last week's IPO pop
After more than tripling in its debut last week, Figma gave up some of its gains on Monday.

Index Ventures is set to receive $11B in proceeds after Figma's IPO, Google's Wiz acquisition, and Meta's investment in Scale AI, which paid out shareholders (Wall Street Journal)
https://www.wsj.com/finance/investing/figm

Sources: Figma's IPO, which could raise as much as $1.2B after Figma raised its range to $30 to $32 per share on July 28, is approaching 40 times oversubscribed (Anthony Hughes/Bloomberg)
https://www.bloomberg.com/news/articles/20

Source: Figma considered a higher IPO price, but its CEO wanted to bring on board certain long-term institutional shareholders and signed off on $33 per share (Anthony Hughes/Bloomberg)
https://www.bloomberg.com/news/articles/20…

Anthropic now uses Canva's MCP server, letting Canva users manage designs via Claude's UI, following similar integrations with Figma, Notion, Stripe, and Prisma (Jess Weatherbed/The Verge)
https://www.theverge.com/news/706637/canva-anthropic-claude-ai-mcp-s…

Anthropic’s Claude chatbot can now make and edit your Canva designs
Canva users can now create, edit, and manage their designs by describing their requirements to Anthropic’s Claude AI.

CB Insights: Figma's IPO was the largest venture-backed IPO by market capitalization for a US tech company since Rivian's debut in November 2021 (Yuliya Chernova/Wall Street Journal)
https://www.wsj.com/articles/fig…

Sources: Index Ventures' nearly $100M investment in Figma was worth $2.17B at the initial IPO price, while Greylock's $50M investment was worth $2.03B (Katie Roof/Bloomberg)
https://www.bloomberg.com/news/articles/202…

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)
https://fortune.com/2025/0…

Exclusive: Ambrook raises $26.1 million Series A to provide farmers and ranchers with better accounting software
Founded in 2021, Ambrook has raised a $26.1 million Series A, led by Thrive Capital and Dylan Field, Fortune has exclusively learned.