There is a version of Canva’s story in which AI is the villain. In that telling, the very thing that made the $66 billion company distinctive — making design accessible to everyone — is no longer special because everything is now accessible to everyone.
Google’s Stitch rattled investors enough last week to wipe billions from Adobe and Figma in a single session.
The broader SaaS sell-off has been savage. Each week brings another frontier model capable of producing, in seconds, what once took a designer hours.
Canva’s answer is not to fight the trend. It’s to harness it.
Today, Capital Brief broke the story the company will acquire digital out-of-home advertising startup Doohly for an estimated $30 million, giving the design giant a physical distribution layer.
