Canva to Acquire Generative AI Platform Leonardo.AI to Bring Leading Visual AI to Every............
Canva, a world leader in
visual communication with more than 190 million monthly active users, announced
plans to acquire Leonardo.AI. As one of Australia’s fastest-growing startups,
and a leading generative AI content and research company, Leonardo.AI is
empowering millions of people to bring their ideas to life through
production-quality images and videos. The acquisition complements Canva's
offering and enhances the company’s vision to build a world-class suite of
visual AI tools, marking this as an important milestone in its AI journey.
As AI continues to shape the future of work and
visual communication, the acquisition will accelerate Canva’s investment in
continued research and development while bringing Leonardo’s cutting-edge
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.
For Leonardo.AI this is an opportunity to produce
new levels of AI innovation while also growing the organisation’s scale. With
Canva’s support, the company’s current trajectory will be supercharged to build
an even more creative-centric generative AI platform globally.
“We’re thrilled to welcome Leonardo.AI to Canva - two Australian companies joining
forces to bring world-first breakthroughs in AI and creativity," said
Cameron Adams, co-founder and Chief Product Officer of Canva. “This field is
constantly evolving, and Leonardo’s technical leadership and community impact
can’t be overstated. Bringing our worlds together will accelerate each of our
teams' work, taking us from strength to strength, and we can’t wait to get
started.”
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