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JUST IN: Canva announced the acquisition of Simtheory and Ortto, two companies founded by Chris and Mike Sharkey, in a move aimed at expanding beyond design and becoming an end to end platform focused on AI, data, and marketing automation.
Canva acquired Simtheory and Ortto to strengthen its capabilities in agentic AI, customer data, and marketing automation.
Chris and Mike Sharkey, founders of both companies, will join Canva in leadership roles in AI and marketing technology.