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