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An artistic triumph: Canva’s value soars three-fold

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From Instagram posts to water bottles, the design network that can turn anyone into an artist is now worth fortunes.

Canva, the online design platform now worth billions

The value of design platform Canva has increased almost three-fold, with the once $15 billion company now worth $40 billion USD.

It comes after a funding round led by T.Rowe Price helped raise 200 million dollars for the company.

AirTree adventures, Blackbird and Dragoneer Investments were among the new and pre-existing investment companies that contributed to the deal.

It’s a win for the Australian tech scene, painting Canva as one of the most valuable software companies online.

The graphic design platform enables anyone to be a star designer, no matter the level of experience.

From videos to t-shirts, Canva offers a range of templates across their easy-to-use platform, providing a convenient and easy experience for the user.

A step into the future of design

Co-founder and CEO Melanie Perkins says the goal of her platform is to replace PDF documents.

“Rather than people sending PDFs backwards and forwards between the designer and the client, designers can just create a template for organisation use,” Perkins says.

“It’s less important for us to absolutely excel at things like vector design because there are amazing programs on the market that may be there.”

“We really want to focus on that collaboration piece.”

How will the funding help?

The extra cash will be splashed on hiring two thousand workers, doubling their existing team where 42 percent of their workforce are women.

The extra funding also means the company is able to fulfill their dreams of further growing their business.

Web design, video editing and offline mode are all other features the platform is hoping to offer their growing user base, which is something the extra money can help them launch.

Perkins says it’s the funding from the investors that helps the platform remain to an extent free.

“We intentionally make our free product extremely generous for a number of reasons,”

“It means that people are able to love the product, share it with their friends and family, and promote it on social media, and then that virality really rapidly fuels our growth.”

Today, Canva has over 60 million users across 190 countries.

A number of big-name companies also use the platform, paying for their premium enterprise service.

Written by Rebecca Borg

Business

EU plans to force USB-C chargers for all phones

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EU plans to make USB-C connectors the standard port for all smartphones and tablets, angering Apple

The European Commission rules to force manufacturers to create a universal charging solution for phones and small electronic devices. The European Commission is aiming to have a common charging port for all mobile phones, tablets, cameras, headphones, and handheld videogame consoles.

The ruling has been in the making for a decade, with environmental concerns the main driving force behind the historic move.

Reducing waste

The rule will reduce waste by encouraging consumers to re-use existing chargers when buying a new device. Politicians have been pushing for this uni9versal charging rule for over a decade.

Disposed and unused charging cables generate approximately 11,000 tonnes of waste per year.  Research shows the average person owns around three mobile phone chargers.

A decade ago there were about 30 different types of chargers, now, phones use either USB-C, lightning, and USB micro-B.

Rotten Apple

The move would see all smartphones in the EU sold with the same charger, a motion Apple is not happy about. The tech giant says this move would damage ongoing innovation.

The tech giant is the main manufacturer of smartphones using a custom charging port, as its iPhone series uses an Apple-made “Lightning” connector. Apple argues its Lightning connector is used by one billion active iPhone users.

“We remain concerned that strict regulation mandating just one type of connector stifles innovation rather than encouraging it, which in turn will harm consumers in Europe and around the world,”

Apple spokesperson

The proposed changes would apply to the charging port on the device body and will also standardise charging speeds. It may be a number of years before the proposals come into effect.

It will be thoroughly debated by the European Parliament and national Governments.

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Facebook CTO resigns as Zuckerburg announces replacement

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Facebook is about to close an important chapter in its history

In some major news, the social network’s chief technology officer, Mike Schroepfer is stepping down from his role after a total 13 years at the company.

He’ll move to a part-time position as Facebook’s first Senior Fellow at some point in 2022.

CEO Mark Zuckerburg has now appointed hardware lead Andrew Bosworth to be the new CTO.

Schroepfer first joined Facebook in 2008 as a vice president of engineering. He took the CTO position in 2013.

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American plane maker to open major factory in Australia

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Major US-based aircraft maker, Boeing is heading for Australia’s sunshine state

The new Boeing manufacturing facility is planned to be built at Toowoomba’s Wellcamp Airport in an Australian first.

The facility would be involved in manufacturing the Loyal Wingman unmanned aircraft for the Royal Australia Air Force.

Queensland Premier Annastacia Palaszczuk stated that the Boeing project would bring more than 300 jobs to the area, and was ‘very welcome’

The Queensland Government also confirmed that the interior of the aircraft manufactured at the new site would be painted maroon and stamped with “Made In Queensland”.

The Loyal Wingman is an unmanned aircraft but works alongside crewed aircraft, with Defence currently examining how it will be deployed once it’s put into use.

The new facility isn’t the first to be opened and operated by Boeing, with the plane maker also operating sites across Australia’s east coast, including in major cities; Melbourne and Sydney.

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