Canva responded by resetting the passwords of every user who had not changed their password since the initial breach. Later in January 2020 approximately 4 million user passwords were decrypted and shared online. Canva faced criticism for an initial email to customers, which buried the details below self-congratulatory marketing content. The exposed data included real names of users, usernames, email addresses, geographical information, and password hashes for some users. In May 2019, Canva experienced a data breach in which data of roughly 139 million users were hacked. Co-founders Perkins and Obrecht have already disclosed their plan to give away much of their fortune to numerous philanthropic causes. While its value had fallen significantly, perhaps as much as 35% from its 2021 high to mid 2022, it was still known as a "darling" of the Australian tech sector along with Atlassian. As of June 2020, Canva's valuation had risen to A$6 billion, rising to A$40 billion by September 2021. In June 2020, Canva announced a partnership with FedEx Office and with Office Depot the following month. In December 2019, Canva announced Canva for Education, a free product for schools and other educational institutions intended to facilitate collaboration between students and teachers. In October that year, Canva announced that it had raised an additional A$85 million at a valuation of A$3.2 billion, and launched an enterprise product. ĭuring May 2019, the company raised another round of funding of A$70 million from General Catalyst and Bond and its existing investors Blackbird Ventures and Felicis Ventures, valuing Canva at A$2.5 billion. Australian superannuation funds Hostplus and Aware Super are known to be investors. In January 2018, Perkins announced that the company had raised A$40 million from Sequoia Capital, Blackbird Ventures, and Felicis Ventures, and the company was valued at A$1 billion. In 2017, the company reached profitability and had 294,000 paying customers. ĭuring the 2016–17 financial year, Canva's revenue increased from A$6.8 million to A$23.5 million, with a loss of A$3.3 million. In 2015, Canva for Work was launched, focusing on marketing materials. In April 2014, social media and technology expert Guy Kawasaki joined the company as its chief evangelist (brand promoter). In its first year, Canva had more than 750,000 users. History Ĭanva was founded in Perth, Australia, by Melanie Perkins, Cliff Obrecht, and Cameron Adams on 1 January 2013. By September 2022, the valuation of the company had leveled at US$26 billion. In September 2021, Canva raised US$200 million, with its value peaking that year at US$40 billion. In June 2020, Canva raised A$60 million at a valuation of A$6 billion almost doubling its 2019 valuation. On March 22, 2023, Canva announced its new Assistant tool, which makes recommendations on graphics and styles that match the user's existing design. On December 7, 2022, Canva launched Magic Write, which is the platform’s AI-powered copywriting assistant. The company has announced it intends to compete with Google and Microsoft in the office software category, with website and whiteboard products. Afrikaans, Albanian, Arabic, Armenian, Assamese, Azerbaijani, Basque, Bengali, Bulgarian, Burmese, Catalan, Cebuano, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, Fulani, Galician, Georgian, German, Greek, Gujarati, Hausa, Hebrew, Hindi, Hungarian, Igbo, Indonesian, Italian, Japanese, Javanese, Kannada, Kazak, Khmer, Korean, Kurdish, Kyrgyz, Latvian, Lithuanian, Macedonian, Maithili, Malay, Malayalam, Marathi, Mongolian, Nepali, Norwegian, Oromo, Persian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Shona, Simplified Chinese, Sindhi, Sinhala, Slovak, Slovenian, Somali, Spanish, Strayan, Sundanese, Swahili, Swedish, Tagalog, Tamil, Telugu, Thai, Traditional Chinese, Turkish, Ukrainian, Urdu, Uzbek, Vietnamese, Welsh, Wolof, Xhosa, Yoruba and ZuluĬanva is an Australian global multi-national graphic design platform that is used to create social media graphics and presentations.
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