Figma has announced its acquisition of Weavy, an Israeli startup specializing in AI-powered design workflows. While financial terms were not officially disclosed by Figma, market sources estimate the deal to be valued between $150 million and $200 million. This marks Figma's first acquisition of an Israeli company and will serve to expand its operations in Tel Aviv. Weavy, founded just last year by former employees of Fiverr, had previously raised $4 million in a seed round at a $13 million valuation. The acquisition is expected to bring a handsome return to its early investors, which include Entrée Capital, Designer Fund, Founder Collective, and Fiverr founder Micha Kaufman. The integration of Weavy's AI technology is anticipated to enhance Figma's platform capabilities.