Tag: Canva

ASIC slaps Canva with $792,000 fine for late reporting

Posted on   |  by Shivangi Lahiri and Byron Kaye
Australia’s corporate regulator has fined Canva, the country’s most valuable tech unicorn, $792,000 for failing to lodge financial reports on time for the 2024 financial year. Canva Pty, Canva...

News Wrap: The Horizon Europe giant looms into view

Posted on   |  by James Riley
The Australian Academy of Science’s Shine Dome in Canberra was the venue for a detailed and surprisingly upbeat briefing on the Horizon Europe research funding program this week. It...

Canva overtakes CSIRO for number of patent applications

Posted on   |  by Justin Hendry
Australia’s most valuable tech unicorn surpassed the national science agency as the country’s second most active patent applicant for the first time last year, new data reveals. The number...

Canva buys local GenAI startup Leonardo.AI

Posted on   |  by Brandon How
Leonardo.AI, the Australian developer of a rapidly growing generative AI art platform, will be acquired by graphic design giant Canva for an undisclosed sum. Although only launched in December 2022,...

AI, clean tech drive increase in Australian patent filings

Posted on   |  by Joseph Brookes
Domestic filings for intellectual property increased across the board last year, approaching record levels in some areas in an encouraging sign for Australian innovation. But total patent filings, which...

Local tech giants resisting redundancy wave

Posted on   |  by Brandon How
Some of Australia’s biggest local tech firms, including Canva, TechnologyOne and SafetyCulture, are eyeing expansion amid the wave of job cuts sweeping through the sector following higher interest rates...

The relationship between market power and innovation

Posted on   |  by David Havyatt
Column: ACCC chief Rod Sims has kicked off a debate on merger law reform in Australia. How valid is the claim he mentioned by the International Monetary Fund that...

Sydney’s Canva now worth more than Rio Tinto

Posted on   |  by Ben Grubb
Melanie Perkins’ Sydney headquartered Canva is now worth $US40 billion ($A54.6b), putting her and co-founder Cliff Obrecht’s combined wealth at $A16.38 billion. The valuation comes after the company raised...