
Canva Accelerates Global Growth and Product Velocity With Snowflake AI Data Cloud
From its transformation from a startup to a global visual communications powerhouse with over 230 million monthly active users, Canva exemplifies how data-driven decision making can fuel extraordinary growth. The company has seen exponential growth in recent years, now generating over $3 billion USD in annualized revenue, with an expanding enterprise customer base that includes some of the world's largest organizations. Throughout Canva's remarkable journey, it has relied on Snowflake's scalable data platform to transform user insights into innovative products — accelerating development and enabling more people around the world to design with ease.
"As our user base expanded, so did the complexity and volume of data," said Moe Kiss, Director of Data Science at Canva. "Snowflake has scaled with us throughout our hypergrowth, helping us make sense of increasing data volumes while keeping our systems efficient. Having a reliable data foundation has been crucial for us to understand the needs of our users and to make informed product decisions as we continue to innovate across our visual communication platform."
"Canva exemplifies how data can drive extraordinary business growth," said Erin Foxworthy, Industry Principal, Marketing and Advertising at Snowflake. "By putting user insights at the center of their decision-making process, they've created a platform that delights hundreds of millions while building a thriving enterprise business. We're proud that Snowflake has been the data foundation supporting their remarkable data and AI journey."
Accelerating B2B Growth and Innovation with Snowflake
With Snowflake, Canva is:
Powering Enterprise Expansion: Canva is leveraging Snowflake to optimize its B2B sales and marketing efforts, including lead routing, scoring, and enrichment. This data foundation has been critical as Canva has expanded from primarily serving individual creators to becoming a significant enterprise solution with its Canva Enterprise offering. Major corporations like Salesforce, HP Inc, and Expedia are among their growing customer base.
Accelerating Roadmap Delivery: Snowflake enables Canva to efficiently validate development at scale, speeding up the release of new features and enhancements to its millions of users. This data-driven approach supports Canva's ambitious product roadmap, including their recently launched Canva Sheets, a visual-first spreadsheet. The rich data flowing through Snowflake from sources like Google Analytics provides crucial insights into user behavior and preferences, directly informing Canva's product development process.
Driving Personalized Experiences: By providing a unified view of user data, Snowflake empowers Canva to better understand individual preferences. This deep user understanding has helped inform the development of personalization capabilities across Canva's platform, including AI-powered design style recommendations that suggest colors, fonts, and layouts based on a user's previous behavior and design preferences.
Optimizing Marketing ROI: Snowflake empowers Canva to predict customer lifetime value and optimize its marketing spend across various channels. These analytics capabilities provide the insights needed to effectively reach, engage and adjust for local markets. Canva's marketing team has seen particularly significant impact from Snowflake implementation, with enhanced ability to measure campaign effectiveness and allocate resources more efficiently across global markets.
Enhancing Customer Segmentation with AI: Snowflake enables Canva to enrich user data, including through the use of AI and integrations with services like OpenAI, for more granular customer segmentation. This enhanced understanding helps Canva deliver more relevant and personalized experiences for its business customers.
Exploring Future Innovations
Canva is currently testing Snowflake's Cortex Analyst among other new capabilities to further enhance their data infrastructure. These advanced Snowflake technologies are expected to give Canva even greater ability to derive insights from their vast data troves and apply them to accelerate product development and enhance customer experience.
Looking ahead, the companies are exploring opportunities to further deepen their technical integration, enabling users to more seamlessly transform Snowflake data into compelling visual stories within Canva.
About Snowflake
Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data. More than 11,000 companies around the globe, including hundreds of the world's largest, use Snowflake's AI Data Cloud to build, use and share data, applications and AI. With Snowflake, data and AI are transformative for everyone. Learn more at snowflake.com (NYSE: SNOW).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Freeport Unlocks Surprise Copper Cargo
Freeport-McMoRan (NYSE:FCX) just gave the copper market a bit of breathing room. The mining giant is offloading more ore than anyone expected after an oxygen plant problem at its PT Smelting facility in Indonesia stretched a planned four-week shutdown. Warning! GuruFocus has detected 5 Warning Sign with UNH. That smelter usually processes material from Freeport's massive Grasberg copper-gold mine, but with operations on hold, the company suddenly has about 100,000 tons of copper concentrate ready to go. They're moving fast too the shipments need to clear before a short-term export license expires in mid-September. It's not a game-changer for the global copper market, but for smelters scrambling for raw material after a big jump in processing capacity worldwide, it's a welcome dose of supply. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
Roblox Stock Tanks After Surge of Lawsuits and Global Bans
Aug 15 - Shares of Roblox Corporation (NYSE:RBLX) fell sharply on Friday as scrutiny mounts over the platform's safety measures for young users. The NYSE-listed stock dropped more than 7%, reflecting mounting concern from investors. Warning! GuruFocus has detected 6 Warning Signs with RBLX. The Louisiana Attorney General filed a lawsuit against Roblox, claiming the company failed to implement robust safety protocols, creating opportunities for child predators. Meanwhile, a federal lawsuit in California added to pressure, with reports indicating over 300 legal actions tied to child exploitation. Internationally, Qatar banned the platform this week, following Turkey, Iran, China, Jordan, and Oman, citing threats to minors' safety and moral standards. The ban comes amid viral social media attention, notably a YouTuber, Schlep, who conducted a sting operation leading to six arrests. Roblox responded by banning his accounts and issuing a cease-and-desist notice, while safety officials emphasized that vigilante actions, though well-intentioned, create risks for users. Oppenheimer analysts admit the consistency of policies used by the company but indicate that the crisis highlights the conflict between the company's business model and the need to protect the young users. The counterstrike demonstrates the stakes of the online gaming industry as the government and social sites are growing more regulatory across the world. Based on the one year price targets offered by 31 analysts, the average target price for Roblox Corp is $134.95 with a high estimate of $175.00 and a low estimate of $30.00. The average target implies a upside of +15.76% from the current price of $116.57. Based on GuruFocus estimates, the estimated GF Value for Roblox Corp in one year is $91.99, suggesting a downside of -21.09% from the current price of $116.57. This article first appeared on GuruFocus.


Business Wire
27 minutes ago
- Business Wire
Accord Announces Amendment to its Banking Facility
TORONTO--(BUSINESS WIRE)--Accord Financial Corp. (TSX – ACD) today announced it has amended its senior secured revolving credit facility (the 'Credit Facility'), extending the maturity date to December 15, 2025. This amendment follows two recent short-term extensions: the first announced on July 25, 2025, and the second on August 8, 2025, which extended the maturity date to August 15, 2025. Under the new terms, the total commitment will be reduced from $260 million to $200 million. The amendment also incorporates milestones tied to potential asset sales (with net proceeds to be used to repay bank indebtedness), increases the interest rate on drawn amounts by 1.00%, and updates certain financial covenants. 'While the amendment includes higher pricing and a reduced commitment, the extension provides time for the Company to continue to actively pursue a broad range of strategic initiatives to address the Company's maturing debt obligations (totalling $217.6 million as at June 30, 2025 and coming due by January 31, 2026) and maximize shareholder value,' said Mr. Hitzig. 'These include potential divestitures of portfolio assets or business units, as well as other financing alternatives. The Company continues to work closely with its financial advisors, but there is no assurance that these initiatives will yield a successful result. While we focus on these initiatives, profitable operating performance and growth will continue to be a challenge.' The Company does not plan to provide further updates on its strategic initiatives unless material developments emerge. A Material Change Report and the amended Credit Facility agreement will be filed on SEDAR+ at About Accord Financial Corp. Accord Financial is one of North America's most dynamic commercial finance companies providing fast, versatile financing solutions including asset-based lending, factoring, inventory finance, equipment finance (in Canada), trade finance and film/media finance. By leveraging our unique combination of deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive. For further information please visit or contact: Forward-Looking Statements This news release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the financial position of the Company and the ability of the Company to repay or refinance its outstanding debt obligations. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties including the Company's overall liquidity and capital resource position and its ability to repay its debt obligations when due and those risks identified in the Accord's periodic filings with Canadian securities regulators. If any or all of the Company's outstanding debt obligations are not renewed or replaced upon expiration of their terms, and if the Company is unsuccessful in its ability to generate additional capital from sales of portfolio assets and/or business units and additional alternative financing arrangements to repay same on terms acceptable to the Company, or at all, the Company may not be able to continue to finance its operations and operate as a going concern. See Accord's most recent annual information form and most recent management's discussion and analysis of results of operations and financial condition for a detailed discussion of the risk factors affecting Accord. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.