In 2022, Canva emerged as a major work-software competitor with a visual bent, expanding from a design platform for social media graphics to AI-powered tools and a workplace suite capable of going toe to toe with Microsoft Office and Google Workspace. Last fall the company launched its Visual Worksuite software package (from documents to presentations, videos, websites, and whiteboards); a new text-to-image app; and Magic Write, an AI-powered writing assistant. Along the way Canva’s customer growth flourished, topping 110 million users by year’s end. It also offers its tools free to 400,000 nonprofits and 35 million students and teachers around the world.
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