Figma, the web-based design tool that gave Adobe a run for its money (before the tech giant proceeded to snap it up for $20 billion), is launching a major update to its Community platform.

Design company Figma today announced multiple features, including AI-powered site and web app creation, a way for marketers to create assets in bulk, and a new drawing tool.

In a sense, Figma has been in the presentation software business for years—just not on purpose. The company’s namesake product is a web-based design platform optimized for prototyping user ...