Figma, a privately owned company headquartered in the US, was founded in 2012 and employs approximately 1,290 individuals. The company operates as a web-based design platform engineered for teams engaged in product development. It facilitates the creation, sharing, testing, and delivery of designs from inception to completion. The platform is designed to assist teams in consolidating various tools, streamlining workflows, and fostering collaboration across different teams and time zones.
On February 20, 2026, Figma enabled the direct export of production code into its canvas, allowing designers to utilize AI-powered workflows, including Claude Code, for real-time interface adjustments and explorations using live prototypes and real data. This functionality aims to provide a clearer sense of technical scope. This development followed Wall Street's sentiment that an AI-driven sell-off across software, logistics, and security sectors appeared overdone, with Figma reportedly rebounding amid this market reassessment. Earlier on February 20, Cathie Wood-led Ark Invest acquired a substantial number of Figma Inc shares through its ARK Innovation ETF and ARK Next Generation Internet ETF, following the company's reported AI-powered earnings beat.
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