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Ramp seeks to raise $750 million at valuation of over $40 billionCorporate card startup Ramp is reportedly in talks to secure another $750 million at a valuation exceeding $40 billion. This potential fund...
Freshworks cuts 500 jobs; Q1 revenue hits $228 millionFreshworks announced significant job cuts, reducing its workforce by 11% or approximately 500 employees. This move comes as the business so...
Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AIIconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, ...
AI firms scout for startup buyouts to boost full-stack tech capabilitiesAI firms are actively acquiring startups to build full-stack capabilities as enterprises move towards large-scale AI deployment. This conso...
Figma sued for allegedly misusing customer data for AI trainingDesign software company Figma was hit with a proposed class action in California federal court on Friday for allegedly misusing its custome...
93% designers use AI tools in India: Figma surveySan Francisco-based Figma is positioning itself as an AI-powered platform that supports the entire product development lifecycle from ideat...
Design platform Figma opens office in Bengaluru, to begin hiring soonFigma will begin hiring in the country for go-to-market and customer support roles, Scott Pugh, APAC vice president of sales at Figma, said...
Databricks projects $4 billion in annual revenue on surging AI demandIn the second quarter, the company serving around 15,000 customers including energy major Shell and electric-vehicle maker Rivian, surpasse...
Figma IPO and stock reaction: All you need to knowFigma, the design software company and some of its existing investors sold 36.9 million shares at $33 each, beating the expected price rang...
Figma aims at $16.4 billion valuation as tech IPOs bounce backThe company said on Monday it, along with its investors, plans to raise up to $1.03 billion in its initial public offering in the United St...
Nykaa block deal; VC funding reportOne of Nykaa’s early investors is offloading a part of his stake through a $150-million block deal. This and more in today's ETtech Top 5.
Figma’s much-anticipated IPO: All you need to knowFigma, a cloud-based design platform, has filed for a high-profile US IPO after scrapping its $20 billion Adobe deal. Valued at $12.5 billi...
Figma files for IPO, plans listing on NYSE under ticker FIGFigma, a cloud-based collaborative web design platform, has filed for an initial public offering on the New York Stock Exchange under the t...
Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapseFigma, a cloud-based design platform, has filed confidentially for an IPO in the U.S., following regulatory blockades on its $20 billion ac...
Amazon’s Tez; ad revenues & qcomm firmsHappy Monday! Amazon is to advancing its entry into the red-hot instance delivery sector. This and more in today’s ETtech Morning Dispatch.
It’s a myth that you can’t monetise India promise: Figma’s Dylan FieldFigma chief executive Dylan Field told ET that the American cloud-based design platform aims to leverage India's vast talent pool of design...
Figma CEO Dylan Field laments demise of $20 billion deal with AdobeThe companies had promised it was a way to "usher in a new era of collaborative creativity," but regulators in three jurisdictions saw it a...
Adobe's Figma deal faces EU competition investigationThe European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns, confirming a...
Adobe's $20-billion Figma deal faces full-scale EU antitrust probeThe move underscores antitrust watchdogs' wariness of tech deals where bigger companies may acquire rival start-ups to shut them down.
Adobe to buy online design startup Figma in $20 billion dealAdobe is set to release its earnings for the fiscal third quarter on Thursday. Deliberations are ongoing, and terms of a deal could still c...