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HCL GUVI also concluded the India Impact Buildathon, which drew over 40,000 participants across 100+ cities.
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The twin acquisitions target motion design and AI-driven advertising performance optimisation.
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Fintech startup Xflow raised $16.6 million from General Catalyst, Stripe and PayPal Ventures to make cross-border payments easier.
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The offerings are intended for governments, regulated industries and enterprises that require operations to continue without connectivity to public cloud services.
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In FY26, over 2 million Indian IT professionals upskilled as ‘Human + AI’ teams become the dominant model.
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The infrastructure will be built on AMD’s Helios rack-scale architecture, developed jointly with Meta through the Open Compute Project.
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Fresh investments from IBM in quantum computing and cloud infrastructure can deepen India’s advanced technology capabilities.
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On Monday, creative suite maker Canva announced the dual acquisition of startupsCavalry, which works on animation, andMango AI, which works on improving ad performance. UK-based Cavalry works on 2D motion animation for different verticals such as advertising, marketing, gaming, and generative art. Canva said that Cavalry’s tooling will add to the existing capabilities of Affinity, Canva’s professional creative editing suite for photos, vectors, and layouts, which itacquiredin 2024 CanvarevampedAffinity’s design last year and made it free for all users. The company said that since then, people have downloaded the software over five million times. Affinity has the capabilities of photos, vector, and layout editing. With this acquisition, Canva wants to add motion editing to its suite. “By bringing Cavalry alongside Affinity, we’re closing that [motion editing] gap and unlocking a complete professional suite spanning photo, vector, layout, and now motion editing,” the company said in a blog post. “Together, these tools form the foundation of a full-stack Creative OS for professional work, while preserving the depth and control professional creatives rely on,” it added. Besides Cavalry, Canva has also acquired stealth startupMangoAI, which was working on building reinforcement learning systems to improve video ad performance, according to its website. Canva said that the startup’s first product helped clients create and launch ads and observe outcomes to improve future campaigns. MangoAI was built by Nirmal Govind, former Vice President of Data Science & Engineering at Netflix, and Vinith Misra, a former data scientist at Netflix and Roblox. Canva said that Govind will become Canva’s first ” Chief Algorithms Officer” and Misra will work on improving Canva’s marketing products. In January 2025, Canva acquired marketing intelligence startupMagicbriefand later last year, it launched a growth tool called Canva Grow for asset creation and performance measurement. During a sit-down at Web Summit Qatar earlier this month, Canva co-founder and COO Cliff Obrecht told TechCrunch that Canva Grow is doing “incredibly well,” especially when it comes to creating static content and publishing it to Meta platforms. “It is quite an early product, but we’ll soon be launching a lot more things around video creation, deploying across multi platform,” Obrecht had said. “So it’s very early, but it’s very much got a very loyal small user base, but a lot of big brands are spending money, and then we’re scaling up massively.” With the new acquisitions, the company wants to bolster its position as a marketing solution by potentially adding video creation and more granular measurement. Canva closed2025 at $4 billion in annualized revenuewith more than 265 million users and 31 million paid users.
The firms will work with OpenAI’s Forward Deployed Engineering team to support strategy, workflow redesign, and system integration.
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About 74% of recruiters in India say finding qualified talent is harder than ever.
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The Independent International Scientific Panel on AI is tasked with generating evidence-based insights on AI deployment.
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The research centre will focus on strengthening cyber defence, modernising security systems, and protecting India’s digital ecosystem from cyberattacks.
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