Canva unveils new platform, transitions to ‘AI platform with design tools’ from ‘design platform with AI tools’
Design software company Canva, on Thursday, announced its biggest platform shift to date, to an artificial intelligence (AI)-native stack powered by its own foundational models. The $42 billion company, which has scaled up to 265 million monthly active users and $4 billion in annualised revenue, is now taking the next big leap. Ahead of its reportedly planned listing on Nasdaq, the company unveiled Canva 2.0, marking the transition from being a “design platform with AI tools” to an “AI platform with design tools” as it looks to tap the next generation of users.
