Figma

Figma redefined collaborative design by moving it entirely to the browser — its multiplayer design canvas lets distributed teams work on the same file in real time, eliminating the 'which version is the final final?' problem that plagued every design workflow before 2016. The $20B valuation (sustained after Adobe's failed $20B acquisition was blocked by regulators in 2023) reflects 4M+ active monthly users designing the interfaces of virtually every major app and website. Figma AI features (launched 2024) can generate entire UI component sets from a text description, dramatically accelerating early-stage product design. CEO Dylan Field has built Figma into the de facto design standard across 11M+ designers and developers at 300K+ organizations worldwide.