Canva has acquired two local artificial intelligence companies as it attempts to shore up its capabilities ahead of a potential public listing.
The purchase of Simtheory and Ortto takes to eight the number of AI companies the design software giant has acquired since 2024 at a cost of more than $400 million. Canva was last valued at $US42 billion ($60 billion).
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correction —
An earlier version of this article referred to brothers Chris and Mike Starkey. This has been corrected to Chris and Mike Sharkey.