US EditionPublished • loading... • Updated
Canva embarks on buying spree as AI wave batters rivals
- On Wednesday, Sydney-based Canva announced the acquisition of Simtheory, an AI collaboration platform, and Ortto, a customer data and marketing automation company, to accelerate its transformation into an end-to-end AI work system.
- These purchases continue a buying spree that has included Leonardo. AI, MagicBrief, and Doohly, as Canva seeks to position itself as a comprehensive productivity suite rivaling Microsoft and Google.
- Founders Chris Sharkey and Mike Sharkey will join Canva's team, while Ortto's 40-person staff integrates into the company's 5,500-strong global workforce to enhance marketing and data capabilities.
- COO Cliff Obrecht said the acquisition accelerates Canva's evolution into a system where work happens from start to finish. The company closed 2025 with $4 billion in annualized revenue and more than 265 million users.
- More than 5,000 attendees will gather at SoFi Stadium in Los Angeles on April 16 for Canva Create, which Chief executive Melanie Perkins told investors will mark the 'most significant moment in Canva's history.
Insights by Ground AI
13 Articles
13 Articles
From $61bn to AI target, Canva’s boxing gloves are on. Can it fight?
If Melanie Perkins and Cliff Obrecht were greedy types, they may have wished they had pulled the trigger on the $61bn initial public offering of their digital design company Canva last year. Why? Because 2026 has been tortuous for most of the technology universe.
·Melbourne, Australia
Read Full ArticleCoverage Details
Total News Sources13
Leaning Left2Leaning Right4Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
To view factuality data please Upgrade to Premium
