During its livestream on Thursday, Canva announced multiple AI tools under the name ‘Magic’. These tools in Canva will help users in designing unique customized design templates through an image, style, etc. Additionally, it can help in locating places, removing, and adding any elements in the pictures.
After its peak valuation was announced, its annual revenue is equal to $1.6 billion from $1 billion in2021. Canva’s active users have doubled and reached 10 million users after its current valuation.
Speaking more on the Canva’s latest AI tools, they can be used to changed colors, fonts, and logos with a single click. Along with that, it can also let users add gradients and layers to the alt text. Moreover, with real-time collaboration features, it has become popular among companies like Salesforce, Zoom, Marriott, etc.
According to Melanie Perkins, Canva CEO, these design AI tools will help designers and creators to automate tasks like changing logos. Further, she added, “I think brands are going to start asking for different things from agencies, and different things from a graphic designer,”.