Canva's Soaring Value

Dwaiter Weekly


September 16, 2021


The 8-Year-Old Firm Worth $40 Billion

With a new $200 million round of private equity investment, Canva has become one of the world's most valuable startups, the BBC reports. The online design platform—founded in 2013 by Australians Melanie Perkins (pictured) and Cliff Obrecht—is now valued at $40 billion, more than doubling the company's value in five months. CB Insights says Canva's valuation trails only China's ByteDance, which owns TikTok; payment platform Stripe; Elon Musk's rocket company SpaceX; and Swedish financial technology firm Klarna.


Intuit Agrees to Buy Mailchimp for $12 Billion

Intuit, the maker of TurboTax and QuickBooks software, has agreed to buy privately held Mailchimp for $12 billion in cash and stock, uniting two providers of services for small businesses, Fortune reports. Mailchimp started as a web design agency, the Rocket Science Group, which was founded in 2001 by Ben Chestnut and Dan Kurzius.


Spyware Flaw in Apple Products Uncovered 

Apple this week issued emergency software updates after security researchers uncovered a flaw that allows highly invasive spyware from Israel’s NSO Group to infect anyone’s iPhone, iPad, Apple Watch or Mac computer without so much as a click, the New York Times reports. The spyware, called Pegasus, used a novel method known as a “zero click remote exploit” to invisibly infect Apple devices without victims’ knowledge.


What's New in the iPhone 13

Apple this week unveiled its next iPhone line-up, including a model that offers twice the storage available in earlier versions and other modest upgrades to last year’s editions that proved to be a big hit among consumers, AP reports. Like last year’s model, the new iPhone 13 will come in four different designs, with prices starting from $700 to $1,100. They’re scheduled to be in stores Sept. 24.



Microsoft Account Users Can Say Goodbye to Passwords

Users now can completely remove their passwords from their Microsoft accounts and opt to rely on Microsoft Authenticator or some other form of verification, Ars Technica reports. For those who want to go fully passwordless, the easiest and most secure way is to use the Microsoft Authenticator app on your phone.


SmartNews Valuation Reaches $2 Billion 

SmartNews, the Japanese news app founded in 2012, on Wednesday announced a $230 million funding round at a $2 billion valuation, bringing its total capital raised to date to more than $400 million, Axios reports. SmartNews is now one of the most valuable standalone news aggregation apps, and plans to use its new money to expand its U.S. presence.


Do DMPs Fit in a Post-Cookie World? 

Once a must-have, marketers eventually soured on data management platforms. Now, in a post-cookie world, do they have any leg to stand on? Yes, Digiday says, pointing to a new batch of DMPs are using identifiers beyond third-party cookies.


Peter Thiel's Aversion to Imitation

Just shy of 54, Peter Thiel has been a Wall Street lawyer, a hedge fund trader, a Silicon Valley entrepreneur, and a fabulously successful venture capitalist. "Zero to One," his provocative 2014 manifesto on innovation and startups, has sold more than 3 million copies globally. What is the secret to his success? Extreme contrarianism, writes Sebastian Mallaby in The Atlantic.


The Legacy of Google Hangouts

Google Hangouts was one of Google’s best chat apps. It boasted many useful and, for its time, innovative features that still exist in other apps today. Tens of millions of people used it all around the world and refused to leave until Google said it would be no more. Android Authority looks at its history and legacy.


Back to the Future

Shades of George Jetson’s flying car. NASA has begun testing a prototype electric vertical takeoff and landing vehicle that looks like a large version of a six-rotor drone, Government Technology reports. It is designed to lift off like a helicopter with as many as six passengers and then tilt its rotors forward to fly like an airplane. The aircraft is designed by Joby Aviation, a publicly owned company whose key backers include Toyota.

Subscribe to our newsletter.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Looking for more?

Ready to discuss your project with us?