Nvidia closes at another record high biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Here, This is Money examines the basics about Nvidia - when it started, what it does, why people are taking notice of it and why its market capitalisation rocketed this week.
Australian decacorn Canva, valued at $15B, to expand in Austin bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Canva co-founder Melanie Perkins. Source: supplied.
Aussie unicorn and design tech darling Canva has secured another US$71 million ($92.5 million) in funding, more than doubling its valuation to US$15 billion ($19.5 billion).
The capital comes from new investors including T. Rowe Price Global Technology Fund and Dragoneer Investment Group, as well as repeat backers such as Blackbird and Skip Capital.
The fresh funding and new valuation also comes off the back of a year of strong growth for the Aussie unicorn, which has seen a 130% increase in revenue, year-on-year.
Recently, it surpassed the milestone of $500 million in annual revenue. And, according to a statement, it had achieved this growth while also remaining profitable.