Graphics platform Canva acquires video ad startup Mango AI and animation company Cavalry

Canva, a graphic design and visual communication platform, on Tuesday announced the acquisition of UK-based 2D animation software company Cavalry and American video ad startup MangoAI, as it steps up its push into AI-led creation tools and a more professional design suite.

In a statement, the company said MangoAI co-founder Nirmal Govind will become its Chief Algorithms Officer, a new role to lead personalisation and algorithm-driven experiences across the platform.

The company did not disclose any financial information on the acquisitions.