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- Figma Glows Up
Figma Glows Up
They pulled off $33/share in IPO.
Welcome to SaaS Wire — your backstage pass to the hottest in software and services!
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 : Rubaitul Azad on Unsplash
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 : Zac Wolff on Unsplash
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
This was very interesting...basically there was a study about the effect of AI coding tools on developer productivity.
The self assessed productivity gain was +20%, the observed productivity impact was -19%.
— Jack Altman (@jaltma)
5:25 PM • Jul 30, 2025
Venture capital is very simple.
You just have to find the psychologically impaired, unhinged founders.
Give them money and support where helpful.
I have interviewed almost every decacorn founder, yet to find one that is not unhinged.
— Harry Stebbings (@HarryStebbings)
6:01 PM • Jul 30, 2025
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