Australian design software startup Canva has launched an employee stock sale. The company’s valuation is now at $42 billion. This marks a significant increase. Investors like Fidelity and JPMorgan are participating. Canva is focusing on artificial intelligence. It aims to boost revenue and prepare for a potential IPO. Canva is competing with Adobe and Figma in the design space.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets