Australia's Canva expands A.I.-powered design business to Europe

2023-06-08 05:40:30  • 5 mins

Key Points

  • Australian graphic design company Canva has expanded to Europe with a new London-based headquarters.
  • CEO Melanie Perkins said the company is in a "uniquely strong position" to withstand headwinds in the wider tech industry.
  • With a suite of AI-backed tools for creating websites, presentations and social content, the nine-year-old company sits alongside tech heavyweights Microsoft and Adobe.

Melanie Perkins, co-founder & chief executive of Australian graphic design firm Canva, says the business is in a "uniquely strong position" as it expands to Europe.

David Fitzgerald | Sportsfile | Getty Images

LONDON Australian graphic design company Canva believes it is in a "uniquely strong position" to withstand industry headwinds as it embarks on a European expansion.

The Sydney-based software company opened its new Europe headquarters in London last month as it competes with tech heavyweights Adobe and Microsoft to attract individual and enterprise users to its design suite.

It comes as higher borrowing costs and a weakening economic outlook have prompted tech firms to slash jobs over the past year. But co-founder and CEO Melanie Perkins said the nine-year-old company is well-placed amid wider pressures.

Continue read on

Tilray Brands, Inc. TLRY TLRY announced on Friday the launch of an expanded product lineup by its quintessentially Canadian cannabis lifestyle brand, CANACA....
Logo BenzingaBenzinga
2023-09-29 12:54:01  • 1 min
Adobe 's (NASDAQ: ADBE) stock has benefited from the renewed bullishness in the tech sector this year. Gaining more than 50%, the shares have pushed back up...
Logo NasdaqNasdaq
2023-09-30 11:19:00  • 1 min
It's hard to understate the power that Walmart, Amazon, and Costco Wholesale wield in the U.S. retail industry and the broader economy. Together, the three...
Logo NasdaqNasdaq
2023-09-30 13:45:00  • 1 min
Bloomberg Intelligence believes generative AI could soar to become a $1.3 trillion market by 2032 as more companies invest in their technical capabilities....
Logo NasdaqNasdaq
2023-09-30 16:15:00  • 2 mins
Adobe (NASDAQ: ADBE) stock seems to have many more bulls on its side than bears. The software giant is up over 50% through mid-September this year, easily...
Logo NasdaqNasdaq
2023-09-30 14:26:00  • 1 min
Image-browsing platform Pinterest (NYSE: PINS) appointed new CEO Bill Ready one year ago. And on Sept. 19, Bill was ready to lay out some concrete financial...
Logo NasdaqNasdaq
2023-09-30 11:41:00  • 1 min
With the third quarter of 2023 rapidly coming to a close, U.S. equities have turned decidedly volatile over the past few trading sessions. While the exact...
Logo NasdaqNasdaq
2023-09-30 14:30:00  • 1 min
In the last three years, shares of Mastercard (NYSE: MA) are up just 19% (as of Sept. 26), a rate of return that has lagged both the S&P 500 and the...
Logo NasdaqNasdaq
2023-09-30 11:45:00  • 2 mins
Given the tech industry's growth over the last few decades, it's difficult to dispute its role in building the future. Apple, Microsoft, and Amazon are three...
Logo NasdaqNasdaq
2023-09-29 09:07:00  • 1 min
The e-commerce industry has been an enormous tailwind that has led to the creation of some of the biggest companies like Amazon, Shopify, and Mercadolibre....
Logo NasdaqNasdaq
2023-09-30 13:20:00  • 1 min
SINGAPORE—Philippine companies have become more prudent when it comes to spending on cloud—a technology designed to improve operational efficiency—as they...
2023-09-30 18:10:00  • 1 min
Recursion Pharmaceuticals (NASDAQ: RXRX) is a clinical stage company that mixes healthcare with technology and artificial intelligence (AI). Its drug...
Logo NasdaqNasdaq
2023-09-30 13:15:00  • 2 mins
For once, I agree with Gordon Brown. Last week, he said that artificial intelligence (AI) could save the world from a decade of low growth. 'It can transform...
Logo Daily MailDaily Mail
2023-09-30 20:50:38  • 1 min
The Chinese property developers efforts to restructure more than $300 billion in debt are being complicated by criminal investigations into current and...
Logo The New York TimesThe New York Times
2023-09-30 04:26:20  • 1 min
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 Elon...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-29 21:50:07  • 1 min
By Mariko Oi Business reporter Hui Ka Yan, the founder and chairman of Chinese property giant Evergrande, was once Asia's richest person. The 64-year-old,...
2023-09-29 22:01:50  • 1 min
Investment house Somerset Capital Management is a boutique asset manager specialising in emerging markets. Co-founded 16 years ago by Conservative MP Sir...
Logo Daily MailDaily Mail
2023-09-30 20:50:52  • 1 min
WHP Global, the parent company of Toys R Us, said on Friday it would open up to two dozen flagship stores starting next year, along with shops in airport and...
Logo The New York TimesThe New York Times
2023-09-29 23:42:38  • 2 mins
Mark Zuckerberg-owned Meta Platforms (META) has been making waves lately, thanks in part to the launch of Threads - a text-based version of Metas...
Logo NasdaqNasdaq
2023-09-30 13:00:13  • 1 min