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Stratechery (Ben Thompson)Published: Jun 25, 2026, 19:00 JST

Figma CEO Dylan Field discusses how design software can thrive alongside AI, after the company's valuation crashed below $10 billion(約1.6兆円) following its 2025 IPO.

Figma CEO Dylan Field discusses how design software can thrive alongside AI, after the company's valuation crashed below $10 billion(約1.6兆円) following its 2025 IPO.

3 Key Points

  1. What happened

    Figma co-founder and CEO Dylan Field was interviewed at the company's Config conference about his background, the company's direction, and its stance on AI. Field dropped out of Brown University as a Thiel Fellow to start Figma with co-founder Evan Wallace, leveraging WebGL technology to build browser-based collaborative design software.

  2. Why it matters

    Figma's market valuation has fallen to less than $10 billion(約1.6兆円)—less than half of Adobe's acquisition offer—partly due to investor concerns that the company is an AI loser. Field views AI as a tailwind rather than a headwind, and frames Figma's Canvas as the natural intersection between design and AI, suggesting the company sees opportunity where the market sees risk.

  3. What to watch

    The interview was occasioned by Field's keynote at Figma's Config conference, where he explained his vision for how the design platform can benefit from AI rather than be threatened by it. This represents Figma's public case for why the company can recover investor confidence despite recent market skepticism.

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FAQ
Why did Adobe's acquisition of Figma fall through?
Adobe was forced to abandon the merger in late 2023 due to regulatory resistance. Figma instead went public in 2025.
Who is Evan Wallace and what is his role at Figma?
Evan Wallace is Figma's co-founder. He was a year ahead of Dylan Field at Brown University, served as Field's teaching assistant for multiple classes, and was instrumental in steering the company toward WebGL and graphics technology rather than the drones idea Field initially considered.
Stratechery (Ben Thompson)Read Original Article

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