Adobe Competitor Canva Used by 95% of Fortune 500 Companies

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Just months after acquiring Leonardo.Ai, Canva has introduced a generative AI workspace, the Canva Dream Lab.

continues its torrid pace, announcing Dream Lab, a generative artificial intelligence tool, alongside significant upgrades to Canva’s Visual Suite, content library, and solutions for small businesses and students., it has built a new tool using Leonardo.Ai’s technology: Dream Lab.

“Canva joined forces with Leonardo.Ai to bring even more powerful AI capabilities to creative professionals. Millions of users, from content creators to professional designers, architects, and film directors, trust Leonardo.Ai for its cutting-edge quality and flexibility,” Canva explains. The company says that by combining Dream Lab with its other features, like Magic Studio and a content library with more than 100 million assets, users have access to “an endless supply of content.

Throughout its rapid growth, Canva targeted small businesses, individuals, and students. That’s still true, as they remain vital parts of Canva’s user base. Still, the company has significantlyAlongside unveiling Dream Lab and expanding its content library, Canva shared insights into the company’s performance that show just how big Canva has become. Canva has more than 200 million users worldwide every month and achieved an annualized revenue of $2.5 billion.

 

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