In the past year, Canva has released several generative AI products, which Adams believes will take human creativity to the next level and help the company reach a billion people worldwide. The company has also committed $200 million over the next three years to pay creators who consent to have their content used to train the company's AI models. The company's top markets are the U.S., Brazil, and India, with Indonesia and the Philippines being the top growth markets.
Key takeaways:
- Canva, an Australian graphic design company, has raised $560 million since its founding in 2012 and has an annualized recurring revenue of around $1.7 billion.
- The company has over 170 million active users across 190 countries and 100 languages, but has faced valuation markdowns from investors in 2021.
- Despite valuation drops, Canva has seen significant growth, with 80 million more active users joining since the previous year and the release of numerous generative AI products.
- Canva has committed $200 million over the next three years to pay creators who consent to having their content used to train the company’s AI models, with only 0.0005% of creators opting out so far.