Adobe, the American multinational software company, is set to acquire Figma, the online design and prototyping tool, in a deal valued at $1.6 billion.

This is a huge acquisition for Adobe, and will help them expand their reach in the world of design. Figma is a popular tool used by designers and engineers at some of the world’s biggest companies, including Google, Facebook, and Salesforce.

The acquisition is also a big win for Figma, which has raised more than $120 million from investors since it was founded in 2012.

The deal is expected to close in the third quarter of 2020.

Adobe, the software company behind Photoshop and Illustrator, is acquiring Figma, the fastest growing design tool in the world.

This is a huge win for both Adobe and Figma. Adobe is always looking for new ways to stay relevant in the design community, and Figma has been on the rise as the go-to design tool for startups and tech companies.

Figma has been growing rapidly over the past few years. In 2018, the company raised $25 million in a Series B funding round, and in 2019, it raised $40 million in a Series C funding round.

This acquisition is a sign that Adobe is committed to being the leading design platform. With Figma, Adobe will be able to offer more design tools to its Creative Cloud customers.

Figma is an online design platform that allows designers to create and collaborate on digital products. The platform is used by startups and tech companies to design websites, mobile apps, and other digital products.

Figma has a free plan that allows unlimited users and projects. The paid plans start at $12 per month per editor. Figma also offers enterprise plans.

Adobe is a software company that offers Creative Cloud, a subscription service that gives users access to Adobe’s creative tools. Adobe’s Creative Cloud includes Photoshop, Illustrator, and InDesign.

Adobe’s acquisition of Figma is a strategic move to stay ahead of the curve in the design world. With Figma, Adobe will be able to offer more design tools to its Creative Cloud customers.