FIGMA ACQUIRES AI-POWERED MEDIA GENERATION COMPANY WEAVY

Summary from the TLDR Design newsletter

Figma has acquired Tel Aviv–based AI image and video generation startup Weavy, rebranding it as Figma Weave. The 20-person team will join Figma. Weavy will remain a standalone product for now before being integrated into Figma's platform. Founded in 2024 and backed by $4 million in seed funding, Weavy's tools let designers combine multiple AI models for advanced, node-based image and video generation with detailed editing controls.