Protocol Labs vs Figma
Side-by-side comparison of AI visibility scores, market position, and capabilities
Protocol Labs is a research and development organization building the decentralized web, behind foundational technologies including IPFS, Filecoin, libp2p, and the IPLD data model.
About
Protocol Labs is a distributed research, development, and deployment organization focused on building the protocols and infrastructure of the decentralized internet. Founded by Juan Benet in 2014, the company has developed some of the most widely used open-source protocols in the web3 ecosystem, including IPFS (InterPlanetary File System), a peer-to-peer hypermedia protocol that enables decentralized content-addressed storage; Filecoin, a decentralized storage network with a cryptocurrency incentive layer; and libp2p, a modular network stack used by Ethereum, Polkadot, and numerous other blockchain projects.
Dominant browser-based collaborative UI design platform at ~$600M ARR and $12.5B valuation; Adobe's $20B acquisition blocked by regulators in 2023, Figma remains independent competing with Sketch and Adobe.
About
Figma is a San Francisco-based collaborative web-based product design platform that has become the dominant tool for UI/UX designers and product teams — enabling real-time multi-user collaboration on interface design, prototyping, and design system management directly in the browser without installing desktop software. Founded in 2012 by Dylan Field and Evan Wallace and backed by Sequoia, Greylock, and Andreessen Horowitz with over $330 million raised, Figma generated approximately $600 million in ARR in 2023, serving 4 million+ designers and product teams at companies including Microsoft, Airbnb, Twitter, and Uber. Adobe announced a $20 billion acquisition offer in 2022, which was blocked by regulators in 2023 — Figma remains independent.
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