Jul 30, 2026 – 4.00pmCanva has told investors it is growing sales at a healthy pace, a crucial metric in holding its hefty $60 billion valuation in the face of an artificial intelligence-created correction that has significantly dented shares in its largest rivals, American software giants Figma and Adobe.The Australian design platform has been working to reposition itself as a net beneficiary of AI in the hope of containing fears that the arrival of tools developed by the likes of Anthropic and OpenAI could either slash the number of subscriptions it sells, or create a major competitor.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?