Key Facts on Figma and CoreWeave
Figma, a developer of cloud-based UI/UX design tools, reported a 48% revenue growth to $749 million in 2024, with 10,517 customers generating over $10,000 in annual recurring revenue (ARR). The company’s net dollar retention rate improved to 134%, and analysts project a 27% CAGR, targeting $1.53 billion in revenue by 2027.
CoreWeave, formerly an Ethereum mining company, pivoted to AI infrastructure and achieved a staggering 738% revenue increase in 2024, totaling $1.92 billion. Analysts expect its revenue to soar at a CAGR of 116%, reaching $19.2 billion by 2027, backed by deals with major players like Microsoft and OpenAI. CoreWeave’s market cap stands at $38.1 billion, with an attractive valuation at three times its projected 2026 sales.
