canva

Canva is an Australian global multi-national graphic design platform that is used to create social media graphics and presentations. The app includes readymade templates for users to use. Creating an account and using Canva is free, although the majority of high quality elements will need to be paid for in order to download one's project. The app also offers paid subscriptions such as Canva Pro and Canva for Enterprise for additional functionality. In 2021, Canva launched a video editing tool. Users can also pay for physical products to be printed and shipped. Examples of products that can be made on Canva include yard signs, business cards, chore charts, album art, ebooks, infographics, menus and invitations. The company has announced it intends to compete with Google and Microsoft in the office software category, with website and whiteboard products. On December 7, 2022, Canva launched Magic Write, which is the platform’s AI-powered copywriting assistant. On March 22, 2023, Canva announced its new Assistant tool, which makes recommendations on graphics and styles that match the user's existing design.In June 2020, Canva raised A$60 million at a valuation of A$6 billion; almost doubling its 2019 valuation. In September 2021, Canva raised US$200 million, with its value peaking that year at US$40 billion. By September 2022, the valuation of the company had leveled at US$26 billion.

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