Figma buys Israeli AI startup Weavy for $200M, opens Tel Aviv R&D

What happened

Figma acquired the Israeli AI startup Weavy for over $200 million. The acquisition is Figma's largest to date and includes plans to open a new research and development center in Tel Aviv.

Why it matters

• The deal expands Figma’s AI capabilities by integrating Weavy’s generative AI and editing tools.
• Establishing an R&D center in Tel Aviv signals Figma’s investment in innovation and growth in the AI design space.
• This acquisition supports Figma’s goal to enhance multimedia creation, including image, video, animation, and motion design within its platform.

Key facts

1. 1. Figma acquired Weavy, an Israeli AI startup founded one year ago.
2. 2. The acquisition amount exceeded $200 million.
3. 3. The deal was completed on October 30, 2025.