Figma acquires AI design startup Weavy for reported $200M+

SILICON ANGLE

Figma Inc. has bought Weavy Inc., a startup with an artificial intelligence platform for creating images and videos.

Figma announced the acquisition today without disclosing its financial terms. Calcalist reported that the transaction values Tel Aviv-based Weavy at more than $200 million. That’s about 50 times the amount of funding the startup raised prior to the deal.

Weavy, which counts Fiverr International Ltd. founder Micha Kaufman among its investors, launched about a year ago. The company’s namesake AI design platform enables users to create images, animations and videos with prompts. Weavy says its installed base includes teams at multiple Fortune 100 companies.

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