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On January 11, 2024, Canva launched its own GPT in OpenAI's GPT Store. [35] In March 2024, Canva finalised a share sale at a flat valuation of US$26 billion (A$39.4 billion) for the company, with buyers wanting US$2.4 billion (A$3.6 billion) in shares but purchasing about US$1.6 billion (A$2.4 billion) in that tranche. [36]
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The company was initially founded in April 2013 as Instacanvas, a service to print Instagram photographs on canvas. In October 2013, it rebranded itself as Twenty20, changing its focus to become a crowdsourced stock photography marketplace for social media advertising campaigns.
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