Figma Glows Up

They pulled off $33/share in IPO.

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What we’ll cover today:

💻 GitHub Copilot crosses 20M users (“not so fast”)

📈 Figma’s IPO pops past expectations, dragging SaaS valuations back to life

👔 Why SaaS leaders are betting big on AI agents and niche workflow tools

Source : Moneycontrol

Microsoft’s GitHub Copilot (an AI coding assistant) just crossed 20 million all-time users. Cursor, its AI coding rival, is gaining fast.

🚨Breaking News:
GitHub Copilot grew by 5 million users in 3 months and is now used by 90% of Fortune 100 companies.

⚡Wire Simplified:

  • GitHub Copilot now has 20M all-time users (but not daily/monthly actives).

  • Enterprise adoption is booming, up 75% this quarter.

  • Cursor, a rising rival, is hitting $500M ARR and growing daily usage.

  • Copilot and Cursor both now offer AI agents to review code and automate tasks.

  • Competition is heating up with Google, Cognition, OpenAI, and Anthropic jumping in.

✔️Straight to the Point:
The AI code war is on. Copilot has the head start, but Cursor's speed and ARR make it a real threat. Watch this space 👀

🤖 Who would you bet on in the AI coding wars?

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Source : The Information

Design darling Figma (the one Adobe almost bought) just went public, pricing its IPO at $33, higher than expected!

🚨Breaking News:
Figma raised $1.2B in its IPO, valuing the company at $19.3B, just shy of Adobe’s old offer.

⚡Wire Simplified:

  • Figma's $20B Adobe deal got scrapped last year due to regulators.

  • The company still pulled off a strong IPO at $33/share.

  • Revenue is up 40% YoY, and profits are finally peeking through.

  • Founders and VCs like Index, Greylock, and Sequoia are cashing out.

  • It joins Circle and CoreWeave in 2025’s IPO rebound crew.

✔️Straight to the Point:
Figma’s IPO success is a win for design SaaS and a big "we're fine without you" moment to Adobe. Markets are warming up again

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