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canva appoints former zoom cfo kelly steckelberg ahead of ipo
Canva has appointed Kelly Steckelberg, former CFO of Zoom, as its new chief financial officer as it prepares for a potential IPO. With a valuation of $32 billion, down from $40 billion in 2021, Canva is generating approximately $2.5 billion in annual revenue and has 220 million monthly users. Steckelberg, who previously held roles at Cisco and Zoosk, replaces Damien Singh, who resigned amid an internal investigation.
ServiceTitan files for Nasdaq IPO amid renewed interest in tech companies
ServiceTitan, a cloud software provider for contractors, has filed to go public on Nasdaq under the ticker "TTAN." The company reported a $35.7 million net loss on $193 million in revenue for the quarter ending July 31, with revenue growth of 24% year-over-year. Founded in 2007, ServiceTitan is shifting focus towards larger clients while competing with firms like Salesforce and SAP.