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Figma acquires AI coding startup Bud

PUBLIC · FIGJul 10, 2026

Acquiring Company

Figma

Acquired Company

Bud

San FranciscoUnited StatesOtherSoftwareDesignProduct DesignInformation TechnologySoftwareArtificial IntelligenceMachine Learning

Description

Figma has acquired Bud, an AI-powered coding platform. This move is aimed at enhancing Figma's capabilities in AI-assisted software creation. Both Bud and its previous iteration, Orchids, will be shut down on July 18. Terms of the deal have not been disclosed.

Company Information

Company

Figma

Location

San Francisco, California, United States

About

Figma is a design platform for teams who build products together. Born on the web, Figma helps teams brainstorm, design, and build better products— from start to finish. Whether it’s consolidating tools, simplifying workflows, or collaborating across teams and time zones, Figma makes the design process faster, more efficient, and fun while keeping everyone on the same page.

Fundz sees it the moment Figma makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Bud?

Bud was acquired by Figma, based in San Francisco. The deal was reported on July 10, 2026. Figma is a design platform for teams who build products together. Born on the web, Figma helps teams brainstorm, design, and build better products— from start to finish. Figma is publicly traded (FIG) and operates in Other.

When did Figma acquire Bud?

Figma's acquisition of Bud was reported on July 10, 2026. Figma has acquired Bud, an AI-powered coding platform. This move is aimed at enhancing Figma's capabilities in AI-assisted software creation. Both Bud and its previous iteration, Orchids, will be shut down on July 18. Terms of the deal have not been disclosed. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Bud do?

Bud, formerly known as Orchids, is an AI-powered coding platform. It provides users with tools to generate applications for various platforms using AI technology. The company aims to simplify coding tasks and improve productivity for developers. It is privately held, operating in Information Technology, and is based in United States.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.