Design Startup Canva, A Challenger No More With Revenue In Billions, Cozies Up To Corporations With New Tools

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Design Startup Canva, A Challenger No More With Revenue In Billions, Cozies Up To Corporations With New Tools
Melanie PerkinsAustraliaForbes
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I'm a senior editor at Forbes covering venture capital and startups, especially in cloud and AI, out of New York. I edit the Midas List and Under 30 for VC, and created the Midas List Europe and Cloud 100 lists. I've written more than a dozen cover stories on business leaders including Marc Benioff, Patrick Collison and Melanie Perkins.

Valued at $26 billion, Australia -founded Canva unveiled big business-friendly software updates to its 185 million monthly users as CEO Melanie Perkins heralded “the year of work.”

That last number gave even Perkins pause. “I was like, ‘is that real?’ That’s a really large number,” she toldLaunched as a simple tool to easily create online design assets, Canva was already used by about 20 million people when it launched its first enterprise suite in 2019, as detailed in a. Since then, it’s methodically added features intended to appear to larger companies one by one, from user permissions to brand asset management and higher security standards.

That need has increased recently with the proliferation of generative AI tools used for a range of work outputs from social sharing images to sales presentations and online training courses.

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