StartupsThe Next Web1 day ago
Canva backers cut valuation by $7.1bn
1 min read
Canva's backers Blackbird and Airtree cut its valuation from $42bn to $34.9bn, a 17% drop, while Canva's own internal valuation fell from $38.9bn to $31bn. The company slowed AI rollout after costs soared, with cost per task down nearly 90% since April.
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