Figma IPO

Figma, the collaborative design app, debuted on July 31st under the ticker FIG. As of today, it (very) quickly went up, and then lost its gains.

Its use of AI to create designs is a big deal. A huge deal. It automates and streamlines a lot of the work that user experience designers do, facilitating collaboration and making it much much faster to work by using text prompts. I’ve tried it and honestly it’s pretty cool, allowing to create even full-fledged prototypes. It even allows you to use your own design system library so the AI can generate designs that look like your brand and style.

A company worth keeping an eye on.