Online design giant Canva has announced two strategic acquisitions, MangoAI and Cavalry, aimed at significantly boosting its AI-powered marketing tools and professional animation capabilities.

• This brings Canva's total acquisitions to five in the last two years, reinforcing its ambition to become a comprehensive "Creative OS."
• The acquisitions of Cavalry, a leading 2D motion animation platform, and Mango.AI, a startup focused on AI-driven video ad optimization, aim to complete Canva's professional suite and supercharge its Canva Grow marketing tool.
• Canva is reporting a strong performance with $4 billion in annualized revenue and 265 million monthly active users, valued at $65 billion and considering a US IPO.