SaaS

Figma partners with Anthropic to launch “Code to Canvas,” allowing AI-generated code to be imported and collaboratively refined within Figma. This move emphasizes human design’s continued value alongside AI advancements. The partnership occurs amidst a significant downturn in the SaaS market, with Figma’s stock also experiencing a substantial decline. Investors await Figma’s earnings report for insights into its performance and future strategy.

AWS Chief Matt Garman believes fears of AI disrupting the SaaS industry are overblown. He argues that established software providers are well-positioned to leverage AI, as it will likely lead to increased overall technology consumption rather than outright replacement. While acknowledging AI’s transformative power, Garman emphasizes the necessity of continuous innovation for these companies to thrive amidst the evolving landscape.

KeyBanc downgraded ServiceNow to “underweight,” citing the “AI is eating software” narrative, which suggests AI may reduce demand for per-seat SaaS licenses. Analyst Jackson Ader warned of potential disruption to ServiceNow’s IT workflow business by 2026. Despite a significant year-to-date stock drop, Jim Cramer remains optimistic, crediting CEO Bill McDermott’s leadership. The market is watching how ServiceNow adapts its AI strategy and pricing to evolving business models.

.Co‑founder Jyoti Bansal’s latest venture, Harness, raised $200 million led by Goldman Sachs, valuing the AI‑driven software delivery platform at $5.5 billion. The service continuously scans AI‑generated code for regressions, security flaws and cost inefficiencies, integrating both Anthropic and OpenAI models. After merging with security startup Traceable, Harness employs about 1,300 staff and is on track to exceed $250 million in annual recurring revenue, growing >50% YoY. Bansal is preparing for an IPO, positioning the company as a leader in AI‑augmented DevOps.

CrowdStrike CEO George Kurtz refutes the idea that AI will replace cloud software, arguing they are interconnected. He believes agentic AI will accelerate SaaS adoption as providers integrate AI to enhance their offerings. CrowdStrike’s AI-powered Falcon platform benefits from this trend, protecting both its own services and other SaaS providers like Salesforce. The market reflects this confidence, with CrowdStrike’s stock surging and outperforming the cybersecurity sector, indicating strong investor belief in the company’s AI-driven cloud security strategy.

Sagtec Global Limited (NASDAQ: SAGT) forecasts strong financial results for Q3 2025, projecting $17.9 million in revenue (219% increase YoY), $1.27 million in operating cash flow (51% increase), and $2.32 million in net profit (82% increase). This growth is attributed to increased adoption of their RaaS and SaaS solutions and expansion into the U.S., Asia, and Middle East. The company focuses on AI, robotics, and automation platforms across various sectors.

Salesforce (CRM) shares tumbled 8% after a tepid revenue forecast, extending its year-to-date slump to 28%. While Q2 revenue beat expectations with a 10% increase to $10.24 billion, forward guidance fell short. Despite AI investments and SaaS offerings, Salesforce hasn’t capitalized on the AI boom like competitors. Concerns persist about AI disrupting the software sector. Salesforce acknowledges challenges in marketing and commerce product sales, but highlights success with Agentforce. The company maintains full-year revenue outlook but raised earnings guidance, prioritizing profitability.

Weave (NYSE: WEAV) will release its Q2 2025 financial results on July 31, 2025, after market close. A conference call and webcast will follow at 4:30 p.m. ET, accessible via phone at (412) 902-1020 or (877) 502-7186, and online at investors.getweave.com. Weave provides SaaS solutions focusing on customer experience and payment processing for healthcare practices, aiming to streamline patient interactions and billing.