Canva

The cultural cringe needs to be overcome so WA’s tech sector can take on the world’s best.

Perth-founded online design company Canva has raised $US40 million ($50 million) from private investors as it continues to expand on a global scale.

SPECIAL REPORT: Tech startups in WA can raise capital if they know where to look and how to ask, a Perth seminar was told.

Before the business she co-founded attained its $1billion ‘unicorn’ valuation, Melanie Perkins hit a point where she thought she had failed her co-founders.Ms Perkins was in the US, chasing investment from Silicon Valley entrepreneur Bill Tai into her online publisher, Canva.

Perth-founded online design platform Canva has raised $US85 million ($125 million), which it said had boosted its value to $US3.2 billion.

Canva chief executive Melanie Perkins spoke to Business News about the impact of COVID-19 on her business and the world.

Perth-founded software developer Canva has successfully raised $US60 million ($87 million) from venture capital investors, nearly doubling its valuation to $US6 billion.

Technology company Cisco has been named the nation's best place to work, according to a survey by Great Place to Work Australia.

Too many startups and established businesses forget the importance of the customer.

Private investment in local tech startups is falling, representing just 0.3 per cent of total investment in all WA businesses.

Some of WA’s most successful tech companies have deep roots in the resources sector. GLX Digital is planning to join them.

The updated WA ‘rich list’ shows the state’s iron ore magnates are moving far ahead of people who made their money in other industries.

Perth-founded technology business Canva has raised $92 million through an off-market share placement, at a valuation of about $20 billion.

Innovation should be embraced, not feared.

Canva has become the world’s most valuable private software company after a $US200 million capital raising; its Perth-raised founders have pledged their stake for social good.

Perth startup turned multi-billion-dollar business Canva is continuing to pursue global expansion by acquiring London-based data visualisation platform Flourish.

Believe it or not, the conditions for diversification are here.

Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia’s wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.

Resources billionaire Gina Rinehart has been named Australia’s wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

The time may be approaching when AI will be expected to deliver on its potential.

U Group is building momentum in its bid to become Perth’s next unicorn.

Three new local funds proposing to focus on early-stage investment are raising expectations.

Perth-founded Canva has announced plans to acquire Leonardo.AI, one of Australia’s fastest growing generative AI startups.