Figma has unveiled a new feature called “Code to Canvas” in partnership with Anthropic, the artificial intelligence company behind Claude, allowing users to transfer AI-generated code directly into its design environment.
The integration, announced on Monday, enables users working in Claude Code to type “Send this to Figma,” and the browser’s rendered state will automatically translate to fully editable Figma layers. This is made possible through Figma’s Model Context Protocol, which bridges AI-generated interfaces with the company’s collaborative design canvas. According to Figma CEO Dylan Field, this feature marks 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 its fourth-quarter earnings, a time when the broader software industry is facing 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. 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.
Field has argued that design remains essential precisely because AI makes building easier. “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 in a LinkedIn post. 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 new feature allows teams to “think divergently and see the big picture by comparing approaches side by side,” according to Field. “The design canvas is better at navigating lots of possibilities than prompting in an IDE,” he wrote.
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 with Anthropic 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.
