Figma Sets Bud and Orchids Migration Deadline for July 18

The Gist

Team joins Figma. Bud staff moves to Figma effective immediately.
Platforms sunset July 18. Bud and Orchids services end support on that date.
Migration required. Users must relocate projects locally or to GitHub before the deadline.

Figma acquired the team behind Bud, an AI-powered app-building platform formerly known as Orchids, expanding its push into AI-assisted software creation. The deal, announced on July 7, brings the Bud team into Figma immediately. Financial terms were not disclosed.

Both the Bud and Orchids services will remain active only until July 18. After that date, all projects hosted and deployed on either platform will go offline.

Users must migrate their work — by downloading projects locally or saving them to GitHub — and redeploy through an alternative hosting provider before the deadline. The Bud team described its mission as building around a vision of how AI could transform and democratize software creation.

Migration Steps for Bud & Orchids Users

Users affected by the shutdown must act before July 18.

Step	Description
Download locally	Save projects to a local device from Bud or Orchids
Save to GitHub	Push project files to a GitHub repository
Redeploy	Use a preferred hosting provider to redeploy projects
Get support	Email [email protected] for migration assistance

Recent Figma News

Figma went public on the NYSE on July 31, 2025, pricing its IPO at $33 per share and raising $1.2 billion. Shares surged 158% on debut to close at $115.50, pushing the company's valuation near $50 billion.

The company crossed $1 billion in annual revenue for the first time in FY2025 at $1.056 billion, up 41%. It then accelerated to 46% growth in Q1 2026 with $333.4 million in revenue and roughly 690,000 paid customers, prompting a full-year guidance raise to $1.422–$1.428 billion. More than 75% of Org/Enterprise customers who exceeded initial AI credit limits bought additional credits in April, signaling early traction for a seat-plus-consumption monetization model.

On the product and M&A front, Figma made two notable acquisitions: open-source headless CMS Payload in June 2025, extending its reach into content management, and Israeli AI startup Weavy for more than $200 million, rebranded as Figma Weave to add generative image, video and motion capabilities.

AI-assisted development tool Figma Make exited beta and saw weekly active users grow more than 70% quarter over quarter. Config 2026 in June introduced native animation, code layers and canvas-to-production-codebase editing.

Headwinds have emerged, however. Anthropic CPO Mike Krieger resigned from Figma's board in April 2026 amid reports of a competing product, and a proposed class action filed in November 2025 alleges Figma silently opted users into AI training on proprietary designs.

Wall Street remains divided: RBC cut its price target to $22 following Config 2026 on near-term monetization concerns, while Bank of America reinstated coverage at Buy with a $30 target, citing 139% net dollar retention and framing AI as a growth catalyst.

Figma Background

Founded in 2012, Figma targets designers, product managers and engineering teams seeking a cloud-first, collaborative design platform.

Its offerings include a browser-based design and prototyping tool, FigJam for digital whiteboarding, Dev Mode for design-to-code workflows and AI-assisted asset generation. Additional features such as Slides, Draw, Sites and Buzz support content creation, while shared libraries and reusable components help organizations maintain scalable digital experience platforms.

Learning Opportunities