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Sunrise Broadband secures commitment for $25 mn funding from Dutchess Private Equities Fund
MUMBAI: The Colorado-headquartered Sunrise Broadband Group, Inc. has said that it has entered into an investment agreement with Dutchess Private Equities Fund, LP, a Delaware limited partnership whereby Dutchess is committed to purchase up to twenty-five million dollars (US$25,000,000) of Sunrise Broadband‘s common stock, subject to the terms and conditions of the agreement.
“The Dutchess agreement allows management to close on targeted rural cable television systems and to complete the network upgrades to offer Voice Over Internet Protocol, high-speed Internet and digital video services,” says Sunrise Broadband‘s CEO Calvin D. Smiley, Sr.
The deal with Duchess requires that Sunrise Broadband file a registration statement with the Securities and Exchange Commission, become fully reporting and register the underlying securities. The approval of the registration statement will activate the agreement with Dutchess, states an official release.
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Canva acquires animation and AI startups Cavalry and MangoAI
The deals strengthen Canva’s push into enterprise and AI-led design workflows
AUSTRALIA: Global visual communication platform Canva has stepped up its acquisition drive, buying UK-based 2D animation platform Cavalry and US-based AI startup MangoAI to deepen its AI-powered creative stack.
Cavalry, whose tools are used by brands including Amazon, Meta, Google and Netflix, will strengthen Canva’s motion design capabilities. The deal builds on Canva’s 2024 acquisition of Affinity, which has crossed four million downloads since launch. With Cavalry, Canva now counts seven Europe-based acquisitions, underscoring its global expansion strategy.
MangoAI, an early-stage startup focused on video advertising optimisation, will integrate its reinforcement learning systems into Canva AI. The move aims to enable brands to generate personalised marketing content in real time, cutting production cycles while improving campaign performance. MangoAI co-founder Vinith Misra will join Canva as reinforcement learning lead in its research lab.
Canva co-founder and chief operating officer Cliff Obrecht said the acquisitions reflect the company’s ambition to make professional-grade creative tools more accessible without sidelining human creativity. The goal, he said, is to bring everything from vector to motion design into a single, integrated suite.
The company now reports 265 million active users, including 31 million paid subscribers, and $4 billion in annualised revenue, up 36 per cent year on year. The latest buys further position Canva against rivals such as Adobe and Apple’s Creator Studio as it pushes deeper into enterprise workflows.
Canva head of pro design marketing Liam Fisher, said AI is intended to act as a creative assistant rather than a replacement, reinforcing the primacy of craft and individual design judgement.
