Canva overtakes Atlassian as Australia’s top tech giant

Canva surpasses Atlassian as Australia’s most valuable tech company with a valuation of $65 billion amid explosive growth.

Canva has officially taken the crown as Australia’s most valuable technology company, surpassing long-time heavyweight Atlassian. The major shift comes as Canva continues scaling globally with explosive user growth and AI-powered design features that are reshaping the industry.

The company’s valuation has now soared to approximately $65 billion thanks to strong investor backing and accelerating revenue momentum. This marks a major milestone for the Sydney-based startup founded by Melanie Perkins, Cliff Obrecht and Cameron Adams.

Meanwhile, Atlassian has slipped to a market capitalisation of around $58 billion following a sharp downturn in share price. Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

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