Figma unveiled a new feature called “Code to Canvas” on Monday in partnership with Anthropic, the artificial intelligence company behind Claude. The integration allows users to transfer code generated by AI tools directly into Figma’s design environment as editable layers, marking the design platform’s latest effort to position itself amid the rapid rise of autonomous coding agents.
The announcement comes one day before Figma reports fourth-quarter earnings, and as the broader software industry faces what traders have dubbed the “SaaSpocalypse”—a sector-wide selloff that has erased nearly $1 trillion in market value from software stocks in early 2026.
The feature uses Figma’s Model Context Protocol to bridge AI-generated interfaces with the company’s collaborative design canvas. Users working in Claude Code can type “Send this to Figma,” and the browser’s rendered state will automatically translate to fully editable Figma layers, according to a LinkedIn post from Figma CEO Dylan Field.
“In a world where AI can help build any possibility you can articulate, your core work is to find the best possible solutions in a nearly infinite possibility space,” Field wrote. He added that Figma’s canvas offers advantages over prompting in coding environments for comparing multiple design approaches and making detailed adjustments through direct manipulation.
The integration builds on an earlier January partnership that brought Claude into Figma’s FigJam whiteboarding tool for generating diagrams.
The product launch arrives as Figma’s stock has declined approximately 85% from its 52-week high of $142.92, according to financial data services. The company, which went public in July 2025 with shares surging 250% on its first day of trading, now faces investor concerns about AI tools potentially disrupting traditional software business models.
Figma is scheduled to report fourth-quarter 2025 results on February 18, with analysts expecting revenue of approximately $293 million. The Zacks Consensus Estimate for earnings stands at 7 cents per share.
The partnership reflects a growing tension in the software industry: as AI coding tools enable users to build functional applications without traditional design processes, companies like Figma must demonstrate continued relevance. Field has argued that design remains essential precisely because AI makes building easier.
“The design canvas is better at navigating lots of possibilities than prompting in an IDE,” Field wrote, adding that the workflow allows teams to “think divergently and see the big picture by comparing approaches side by side”.
