Canva

Canva is strategically acquiring animation software Cavalry and AI video creation startup MangoAI to enhance its offerings and compete with Adobe. These moves aim to bolster motion graphics and AI-powered video generation, integrating Cavalry into Canva’s core platform and MangoAI into its enterprise ad tool. This follows strong revenue growth for Canva, which is also focusing on leveraging AI while acknowledging the continued need for human oversight in creative work.