Funding & Startups

Canva delays IPO to 2027, shifts to AI usage pricing

Canva is pushing its IPO to 2027, citing a business model shift to AI-based pricing. The Sydney-based company last valued itself at $65 billion in a secondary sale. Co-founder Cliff Obrecht says they are IPO-ready but want the AI transition locked in before going public.

Apr 18, 2026 · 2 min
Market Intel

Revolut targets Aussie SMEs, no sales team size disclosed

Revolut is pushing SME banking in Australia with merchant acquiring at 0.5% and business accounts, but won't say how many AEs they're hiring or what the comp looks like. The company has 1 million local users and claims A$250 million in fee savings, but sales team details remain opaque.

Apr 15, 2026 · 2 min
Funding & Startups

DryFlow Magnetics reopens $10M seed four months after close

Adelaide mining tech startup DryFlow Magnetics is raising more capital on the same terms as its December seed round, led by Orion Industrial Ventures. The company develops waterless magnetic processing tech for iron ore, targeting green steel production. No sales team details disclosed yet, typical for pre-revenue hardware startups.

Apr 15, 2026 · 2 min
Market Intel

Anthropic hits $30B revenue with 5,000 staff: 10x leaner than Google

Anthropic reached $30 billion annualised revenue with roughly 5,000 employees, generating 6 to 10 times more revenue per head than Google did at the same scale. The AI company grew 30x in 15 months with no dedicated sales team, no CRO, and a research-heavy structure. OpenAI is running similar numbers: $24B revenue, 4,500 staff, doubling headcount to 8,000 by year end.

Apr 15, 2026 · 2 min