Canva vs ElevenLabs

Canva — Application · Private · $42B valuation · 4 of 4 figures sourced  |  ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced

Relationship

Dream Lab and Image to Video AI Conversion do comparable work on image generation; both also serve buyers who need to create images and video; same layer and the same scale band (late-stage private).

Assembled from the recorded fields for this pair, not hand-checked. The comparison below is read from each company’s own profile.

5 of 12 capabilitiesShared product typeSame scale band

5 of 12 capabilities — Shares image editing, image generation, translation and 2 more.

Ludbee capability tags · from the product records

Shared product type — Both ship application.

Ludbee product records

Same scale band — Both late-stage private.

Ludbee scale bands · from valuation and funding figures

Aligned comparison

FieldCanvaElevenLabs
Valuation$42B$11B ElevenLabs has 3.8× smaller
Employees5,500450 ElevenLabs has 12× fewer
Founded20132022 9 yrs later
StatusPrivatePrivate match
CategoryApplicationApplication match
Stack layerApplicationAPI service, Agent platform, Application
HeadquartersSydney, AustraliaNew York, USA

Capability overlap

Shared · 5

Image editingImage generationTranslationVideo generationWorkflow automation

Not verified for ElevenLabs · 7

Code generationData analysisMarketing contentPresentation generationSummarizationText generationVideo editing

Recorded for Canva. ElevenLabs’s product records say nothing either way — a missing record is not a missing capability.

Not verified for Canva · 7

Audio editingCustomer supportMusic generationSpeech to textText to speechVoice agentVoice conversion

Recorded for ElevenLabs. Canva’s product records say nothing either way — a missing record is not a missing capability.

Products, side by side

Algorithmic pairing — assembled from recorded fields, not hand-checked

Canva

Application

AffinityApplication

Professional desktop suite for vector drawing, photo editing and page layout, acquired by Canva in 2024.

Background RemoverApplication

Removes image backgrounds automatically inside the Canva editor.

CanvaApplication

Browser design tool with generative image, video and text features built in.

Canva AIApplication

Canva's conversational AI assistant, which generates text, images, videos, code and editable designs from chat prompts inside Canva and connects to external tools such as Slack, Gmail, Google Drive and Notion.

Canva CodeApplication

Canva's AI code generator, which turns prompts into responsive, interactive designs — landing pages, dashboards, quizzes, calculators and charts — that can be edited in the Canva editor and published as websites.

Canva GrowApplication

Canva's ad management platform, which generates ad creative with AI, publishes campaigns to Meta, TikTok and LinkedIn, and reports on performance in one place.

Dream LabApplication

Canva's AI image generator, launched from the Canva homepage, which produces up to four images per text prompt and supports reference images, follow-up refinement and resolution boosting.

Magic AnimateApplication

Chooses animations and transitions for a design using its own visual context.

Magic EraserApplication

Removes unwanted objects from photographs inside the Canva editor.

Magic FormulasApplication

Generates spreadsheet formulas from a plain-language description inside Canva Sheets.

Magic InsightsApplication

Analyses spreadsheet data inside Canva and generates visual insights and charts.

Magic LayersApplication

Turns a flat, AI-generated design into an editable layout: select, move and edit individual design elements after the fact.

Magic WriteApplication

Canva's AI text generator, which drafts and rewrites copy inside Canva designs and Canva Docs from a prompt.

TranslateApplication

Translates the text inside a Canva design while preserving layout.

ElevenLabs

Application

AI Voice ChangerApplication

Real-time and file-based voice conversion tool that changes a recorded voice while preserving its original performance.

Ads EngineApplication

Localizes and refreshes advertising creative across 50+ languages, with audio dubbing, image adaptation and text translation for Google Ads and Meta Ads.

DubbingApplication

Audio-to-audio dubbing across 90+ languages and accents that conditions on source performance (not a transcript) to preserve emotion and tone, with voice cloning.

ElevenCreativeApplication

AI-native creative workspace unifying voice, music, sound-effect, image and video generation with dubbing/localization, editable in a browser Studio.

ElevenCreative FlowsApplication

Chains image, video, voice and SFX generation into automated visual flows to create unlimited campaign variations from one template.

ElevenLabs Voice CloningApplication

Instant and Professional voice cloning (IVC/PVC) that creates a synthetic replica of a speaker's voice.

ElevenMusicApplication

Music generation, remixing and creation product ("Listen, remix, and create tracks"), built on the Music v2 engine, targeted at independent musicians.

Image to Video AI ConversionApplication

Creates videos from images and integrates AI voice, using a credit-based system.

StudioApplication

End-to-end workflow for producing audiobooks, podcasts and narrated videos, integrating Voice Library, Voice Design, Professional Voice Cloning and Eleven Music.

Text to Sound EffectsApplication

Generates sound effects from text prompts, with royalty-free commercial usage rights on paid plans.

Voice DesignApplication

Generates customized synthetic voices from text descriptions, powered by the Text to Speech v3 model.

Voice IsolatorApplication

Removes background noise, isolates vocals and removes music from audio or video recordings.

No counterpart

ElevenLabs sells these in a stack layer with no product recorded for Canva yet — nothing on the other side to compare them against.

API service

ElevenAPIAPI service

Unified programmatic API for ElevenLabs' audio AI models (speech, voice, music, sound effects, dubbing, transcription), billed per usage from the shared credit pool.

ElevenLabs Text to SpeechAPI service

Generates speech from text in a range of voices and languages, in the browser and through an API.

ScribeAPI service

Transcribes audio to text with speaker labels and word-level timings.

Agent platform

ElevenLabs AgentsAgent platform

Builds and runs voice AND chat agents that handle customer conversations over the phone, on the web and in chat, with enterprise integrations into CRM, payment and calendar systems.