Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
Scores, valuations, and signals for Canva, Covariant, and 370+ companies. 5-min read every Tuesday.
Canva is the world's leading design platform with 250M+ users — valued at $48B with $770M raised. Track IPO timeline, funding rounds, and readiness score.
| Industry | Design & Creative |
| Stage | Pre-IPO |
| IPO Status | Private |
| Valuation | $42B |
| Total Funding | $770M |
| Headquarters | Sydney, Australia |
Covariant builds AI-powered robotics software enabling warehouse and logistics robots to perceive, understand, and handle objects with human-like flexibility — the brain powering the next generation of warehouse automation. Valued at $2.7B with $400M raised, Covariant's AI brain is deployed in logistics operations at Target, IKEA, HelloFresh, and major automotive manufacturers. Major robotics IPO candidate as AI-powered warehouse automation accelerates to become a $200B+ global market.
| Industry | Robotics |
| Stage | Series E |
| IPO Status | Pre-IPO |
| Valuation | $3.5B |
| Total Funding | $672M |
| Headquarters | Emeryville, CA |
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Canva is valued at $42B. Covariant is valued at $3.5B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.
Canva reported 4000000000 revenue in 2025. Covariant's revenue is not publicly disclosed. Revenue figures are sourced from TechStackIPO's company database and updated as new data becomes available.
Canva filed an S-1 in November 2025 and is actively in the IPO pipeline. Covariant is currently pre-IPO. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Canva has raised $770M. Covariant has raised $672M.
Canva operates in Design & Creative, while Covariant operates in Robotics.
Canva is a Design & Creative company valued at $42B with $770M raised. Covariant is a Robotics company valued at $3.5B with $672M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.
Accredited investors can access pre-IPO shares in Canva and Covariant through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.