Figma Code to Canvas

## Why It Matters

Code to Canvas sits at the intersection of two trends:

**AI agents are generating more code than ever.** Claude Code, Cursor, GitHub Copilot produce working interfaces at unprecedented speed. But speed without design quality creates functional but ugly software.

**Design review becomes the bottleneck.** When code generation takes minutes instead of weeks, design refinement is the critical path. Figma positions itself as the essential checkpoint between AI-generated code and shipped product.

The strategic risk, as [CNBC noted](https://www.cnbc.com/2026/02/17/figma-anthropic-ai-code-designs.html): Figma is building a better on-ramp to a highway it no longer controls. If AI tools keep improving, teams may skip design refinement altogether.

## Market Context

The launch comes amid the "SaaSpocalypse" — Figma stock has fallen ~85% from its 52-week high of $142.92 (Aug 2025) despite strong Q4 ($303.8M revenue, +40% YoY, 136% NDR). Code to Canvas is Figma's answer: AI doesn't replace design tools, it feeds them.

## The Anthropic Partnership

[Anthropic](https://startupintros.com/orgs/anthropic) is the first AI partner, with Claude Code as the initial supported agent. The integration uses Figma's [MCP infrastructure](https://startupintros.com/news/2025-09-26-figma-figma-mcp) to bridge code output and design canvas.