Product design startup Figr has secured $2.25 million in funding, with Kalaari Capital, a venture capital firm focused on early-stage technology, leading the round.
Antler, Golden Sparrow, and several angel investors also contributed to the funding.
Figr plans to use the funds to improve its AI models and grow its product and team. The company aims to reach $1 million in annual recurring revenue (ARR) within the next year, though it hasn’t revealed its current ARR.
Launched in 2023 by Moksh Garg and Chirag Singla, the Bengaluru-based startup helps design teams create UI designs, wireframes, user flows, and design systems based on user feedback.
“Now we want to double down on the technology that we’re building…You will see many AI models related to graphic design, text, and code, but UI/UX design is a very nuanced and specific problem. Currently, we are fine-tuning different models and testing them with a lot of data, but we want to make this technology much more robust,” Garg said.
The platform speeds up design timelines and cuts costs by automating repetitive tasks and allowing rapid prototyping. It boasts over 75,000 users, with 80% located outside India.
“Our vision is to empower every design team to create beautiful and functional interfaces without being bogged down by tedious, repetitive work. This funding gives us the momentum we need to continue refining our AI technology and to expand our offerings globally,” said Singla.
So far, Figr has raised a total of $2.5 million.
Commenting on the investment, Sampath P, partner, Kalaari Capital, said, “The potential of GenAI to revolutionise product development, particularly in design, is truly exciting. With its ability to blend collective human feedback and deep personalization, AI will transform design into a more dynamic and iterative process.”
