Canva has about 240 million users and $1 billion in the bank, according to Cliff Obrecht, the company's co-founder and chief operating officer.

Canva has about 240 million users and $1 billion in the bank, according to Cliff Obrecht, the company's co-founder and chief operating officer.

Cliff Obrecht said designers are reacting to AI as they did to Canva in its early days. But Canva helped free designers' time for more "high-value work," he said.

Canva has about 240 million users and $1 billion in the bank, according to Cliff Obrecht, the company's co-founder and chief operating officer.

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Cliff Obrecht, co-founder and chief operation officer of Canva, which has acquired U.K.-based design platform Affinity. Photo: Brent Lewin/Bloomberg News ...

Canva has about 240 million users and $1 billion in the bank, according to Cliff Obrecht, the company's co-founder and chief operating officer.