Figma Acquires AI Media Generation Startup Weavy, Rebrands as Figma Weave
Summary
Figma acquires Tel Aviv AI startup Weavy for an undisclosed sum, rebranding it as Figma Weave to enhance its design platform with advanced AI-powered image and video generation capabilities using innovative node-based editing tools.
Key Points
- Figma acquires AI-powered media generation company Weavy for an undisclosed amount, with 20 Weavy employees joining under the new brand Figma Weave
- Tel Aviv-based Weavy, founded in 2024, raised $4 million in seed funding and offers web tools that combine different AI models for creating high-quality images and videos with professional editing capabilities
- Weavy operates as a standalone product initially but will integrate with Figma's platform in the future, using a node-based approach that allows users to branch, remix, and refine AI-generated content