Canva, a world leader in visual communication with more than 190 million monthly active users, announced plans to acquire Leonardo.AI, an Australian generative AI content and research company.
The acquisition complements Canva’s offering and enhances the company’s vision to build a suite of visual AI tools. It will accelerate Canva’s investment in continued research and development while bringing Leonardo’s foundational model to Canva’s community worldwide. From creating assets for marketing and advertising campaigns, to visualizing stunning interior concepts, refining mockups, and producing dynamic videos, Leonardo’s technology has been used to produce more than one billion images in the last 18 months.
Canva will continue to invest in Leonardo’s standalone platform while integrating its technology throughout the company’s suite of Magic Studio products. Working with Leonardo’s team of 120 researchers, engineers, and designers will also bolster Canva’s research and development capabilities.
Founded in late 2022 by JJ Fiasson, CEO, Leonardo creators to generate images in any chosen aesthetic in seconds with simple prompts, create videos, sketch with AI, and custom-train models with their own datasets.
In less than two years since launching, Leonardo.AI has amassed more than 19 million registered users and is used across a wide variety of industries including advertising, marketing, design, entertainment, architecture, fashion, e-commerce and education.
Launched in 2013, Canva is a free online visual communications and collaboration platform featuring a drag-and-drop user interface and a vast range of templates ranging from presentations, documents, websites, social media graphics, posters, apparel to videos, plus a huge library of fonts, stock photography, illustrations, video footage, and audio clips.
FinSMEs
31/07/2024