Mergers & Acquisitions

Canva buys two design startups after doubling its monthly users to 50 million in just 12 months

- February 23, 2021 2 MIN READ

Online design platform Canva is bolstering its capacity in the artificial intelligence (AI) and automation space with the acquisition of two European design startups. The Australian unicorn has bought Austrian AI platform Kaleido.ai, which built the popular background removal tool remove.bg and Unscreen, as well as Czech-based product mockup generator Smartmockups. The acquisition costs were not disclosed.… Read more »