Canva vs Figma

Canva — Application · Private · $42B valuation · 4 of 4 figures sourced  |  Figma — Application · Public · $14.4B mkt cap · 4 of 4 figures sourced

Relationship

Canva and Figma do comparable work on image editing and presentation generation; both also serve buyers who need to create images and video; smaller scale (public).

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

6 of 12 capabilitiesShared product typeSmaller scale

6 of 12 capabilities — Shares code generation, image editing, image generation and 3 more.

Ludbee capability tags · from the product records

Shared product type — Both ship application.

Ludbee product records

Smaller scale — Figma: $14.4B market cap, against Canva's $42B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Aligned comparison

FieldCanvaFigma
Size$42B valuation$14.4B mkt cap different basis
Employees5,5001,886 Figma has 2.9× fewer
Founded20132012 1 yrs earlier
StatusPrivatePublic
CategoryApplicationApplication match
Stack layerApplicationApplication match
HeadquartersSydney, AustraliaSan Francisco, USA

Capability overlap

Shared · 6

Code generationImage editingImage generationPresentation generationText generationVideo generation

Not verified for Figma · 6

Data analysisMarketing contentSummarizationTranslationVideo editingWorkflow automation

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

Figma has no capability Canva lacks, among the 6 recorded here.

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.

Figma

Application

FigmaApplication

Collaborative interface-design tool where teams draw, prototype and hand off in the browser.

Figma BuzzApplication

On-brand marketing-asset production tool where AI generation (OpenAI gpt-image-1, Gemini) and AI editing (background removal, upscaling, text rewrite/translate) are core mechanisms for producing social assets, ads and one-pagers from brand templates.

Figma MakeApplication

Turns a written prompt or an existing frame into a working prototype with its code.

Figma WeaveApplication

Node-based AI creative platform (formerly Weavy) integrating multiple image/video models (Google, OpenAI, Runway, Stable Diffusion, Recraft and others) for scalable creative workflows.