Observed Signal · Feb 24, 2026 · Acquisition · Source: CNBC Technology · Impact: 3/5 · Sentiment: Positive
Canva Expands with Acquisitions Amidst AdTech Market Turmoil
Canva has acquired two startups—Cavalry, a four-person animation software startup, and MangoAI, a stealth-mode company building short-video advertising technology—to expand its motion-graphics and video-ad capabilities. Terms were not disclosed. Canva said it will keep Cavalry available as a standalone product while integrating its animation tech into Canva’s core product and Affinity (which Canva bought in 2024). MangoAI will be incorporated into Canva Grow, the company’s advertisement generator offered through its business tier. Canva reported over $4 billion in annualized revenue at the end of 2025 (up 36% year-over-year) and has more than 5,000 employees. Cavalry’s website lists enterprise customers including Amazon, ByteDance, Google and OpenAI.
Canva’s acquisitions extend its creative and video-ad capabilities, affecting creative production and dynamic ad workflows for marketers and increasing competitive pressure on legacy design vendors like Adobe.
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Key Takeaways & Evidence Grounding
- Canva acquired two startups: Cavalry and MangoAI; deal terms were not disclosed.
- Cavalry is a four-person startup that sells software for creating 2D animations and has been used by Canva for projects.
- MangoAI builds technology for creating short videos for advertising and can track video performance and make recommendations; Canva plans to add it to Canva Grow.
- Canva ended 2025 with over $4 billion in annualized revenue (up 36% year-over-year) and has over 5,000 employees.
- Cavalry’s website lists paying customers including Amazon, ByteDance, Google and OpenAI.
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Canva Boosts Animation and Ad Tech with New Acquisitions
Canva announced the acquisitions of Cavalry, a U.K. startup focused on 2D motion animation, and MangoAI, a stealth startup building reinforcement‑learning systems to improve video ad performance. Canva said Cavalry’s tooling will extend Affinity — its professional creative editing suite acquired in 2024 — by adding motion editing capabilities. MangoAI’s founders, Nirmal Govind and Vinith Misra, will join Canva; Govind will become Canva’s first chief algorithms officer and Misra will work on marketing products. The moves follow Canva’s prior acquisitions and product launches (including MagicBrief and Canva Grow) as the company expands into video creation and more granular ad measurement. Canva reported $4 billion in annualized revenue for 2025 with more than 265 million users and 31 million paid subscribers. Canva framed the deals as building toward a full‑stack Creative OS for professional work and stronger marketing capabilities.
Canva Launches Grow 2.0 Marketing Automation
Canva unveiled Canva Grow 2.0 at the Cannes Lions festival, positioning the company as a marketing automation platform that unifies creative production, publishing and performance optimization. The update extends Canva Grow to automate the end-to-end performance marketing workflow — from AI-powered ad creation and bulk publishing to Meta, TikTok and LinkedIn, through unified reporting, AI ad tagging and automatic creative refresh generation. Canva says the release builds on its AI investments and existing technologies such as Magic Brief, and follows several acquisitions (Ortto, SimTheory, Doohly, MangoAI) intended to cover the full marketing lifecycle. The company cites B2B revenue above $500 million and customers across more than 95% of the Fortune 500. Quotes from Canva and TikTok executives emphasize tighter integration between creative and media execution.
Canva Acquires Simtheory and Ortto to Enter Marketing Automation
Canva announced acquisitions of Simtheory, an AI collaboration and agent platform, and Ortto, a customer data and marketing automation platform, extending its reach from creative asset generation toward campaign execution, orchestration and measurement. Simtheory brings agentic AI capabilities that can interact with data, systems and workflows; Ortto supplies customer data, journey orchestration and marketing automation mechanics. These deals follow prior purchases (MagicBrief, MangoAI, Doohly) and signal Canva’s strategy to build a lightweight marketing stack where creative, data and automated execution coexist within its platform. The moves position Canva to capture more of the marketing lifecycle and integrate AI-driven planning and activation for its large user base.
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