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
Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
A sworn Irish affidavit: Keith O'Brien, who allegedly spied for Deel while working at Rippling, says Deel paid him and he coordinated with Deel CEO Alex Bouaziz
Read the stunning affidavit from Keith O'Brien, the alleged Deel spy — Keith O'Brien, the man who allegedly spied for Deel …
Hippocratic AI, which is building an LLM for health care use cases, raised a $141M Series B at a $1.64B valuation, and launches a health care AI agent app store
it should be about the millions of other ways AI can help This is one of the biggest human problems Mamoon Hamid / @mamoonha : We're excited to partner with the @hippocraticai team...
Nooks, whose AI tools can analyze sales calls and summarize customer interactions, raised a $43M Series B led by Kleiner Perkins at a $285M valuation
building @lm_braswell : I met @_dan_lee_ at @scale_AI years ago. Dan always impressed me with his ability to focus on the customer. That focus led him & the @JoinNooks team to brin...
Kleiner Perkins has raised more than $2B for two new funds: $825M for a fund targeting young startups and $1.2B for a later-stage fund
Adobe and Figma end their $20B merger, announced in September 2022, over “no clear path” to EU and UK antitrust approval; Adobe owes Figma a $1B termination fee
Adobe (ADBE.O) on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma …
After SVB froze its deposits, HR software startup Rippling raised a $500M Series E at an $11.25B valuation, same as Series D, taking its total funding to $1.2B
As a serial entrepreneur who has famously endured some ups and downs, Parker Conrad has nearly seen it all. Or so he might have thought until last week.
Adobe's $20B Figma deal is worth it because Figma's $400M ARR, independent of margin, was continuing to double and creating pricing pressure on Adobe
Hint: The Answer Doesn't Involve a Spreadsheet — I'm not an investor in Figma. I don't know Figma CEO Dylan Field. And I'm not a designer.
PitchBook: the Adobe deal makes Figma the largest VC-backed exit in 20+ years; source: Figma's biggest outside shareholder is Index Ventures with a 12%+ stake
Bloomberg :
Adobe's Figma deal raises big questions about its M&A whack-a-mole strategy in response to free alternatives; the deal is 50x Figma's reported 2022 ARR of $400M
Bryce Elder / Financial Times : Tweets: @amaldorai , @workmj , @bitech , @ohmdee , and @hkanji Tweets: Amal Dorai / @amaldorai : I'm not surprised that Adobe is acquiring Figma fo...
Adobe plans to buy UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE closed down 16.8%
Today, we're announcing that Figma has entered into an agreement to be acquired by Adobe. TechCrunch : After the Figma-Adobe deal, which design startups are acquisition targets? Wa...
Adobe plans to buy UI design and prototyping tool Figma for ~$20B, half cash and half stock; CEO Dylan Field will continue to lead Figma; ADBE closed down 16.8%
Today, we're announcing that Figma has entered into an agreement to be acquired by Adobe. TechCrunch : After the Figma-Adobe deal, which design startups are acquisition targets? Wa...
Adobe's Figma deal raises big questions about its M&A whack-a-mole strategy in response to free alternatives; the deal is 50x Figma's reported 2022 ARR of $400M
Bryce Elder / Financial Times : Tweets: @amaldorai , @workmj , @bitech , @ohmdee , and @hkanji Tweets: Amal Dorai / @amaldorai : I'm not surprised that Adobe is acquiring Figma fo...
Handshake, a diversity-focused recruitment network aimed at college students, raises a $200M Series F at a $3.5B valuation, up from $1.5B in May 2021
Glean, an enterprise search engine startup cofounded by Google and Facebook veterans, emerges from stealth with $55M in funding across two rounds
When Arvind Jain left his cushy tech job to cofound cloud data management company Rubrik, he ran into a familiar problem: search. Tweets: @kleinerperkins , @wowitsmrinal , @mamoonh...
Box stockholders voted to re-elect three board directors, including CEO Aaron Levie, giving a blow to activist investor Starboard, which failed to win any seats
Svea Herbst-Bayliss / Reuters : Tweets: @mamoonha and @skupor Tweets: Mamoon Hamid / @mamoonha : Couldn't agree more @msquinn. Books will be written about @levie https://twitter.c...
UI design and prototyping tool Figma raises $200M at a valuation of $10B, quintupling its valuation since last year
Lahore-based Tajir, a B2B online marketplace for mom and pop stores, raises $17M Series A led by Kleiner Perkins, its first investment in a Pakistani startup
Zubair Naeem Paracha / MENAbytes :
Future, a $150 per month subscription app that virtually pairs users with human fitness coaches, raises $24M Series B led by Trustbridge Partners
Lucas Matney / TechCrunch :