Has more than 190 million monthly active users visual editing platform Canva has acquired Leonardo.Ai, a generative AI content and research startup. Financial terms of the deal were not disclosed, but Canva co-founder and chief product officer Cameron Adamsstated that it is a mix of cash and stocks.
with purchase All 120 employees of Leonardo.Ai will join Canva, including the executive team. This acquisition will accelerate Canva’s investment in ongoing research and development and bring Leonardo.Ai’s core model to Canva’s worldwide community.
In the Series A round held last December, Leonardo.Ai received an investment of $47 million from local investors such as Blackbird Ventures and Sydney-based Side Stage Ventures, as well as global companies such as Smash Capital and Samsung Next. Company with 19 million usersis seen as a competitor in the rapidly growing field of generative AI, with initiatives such as Midjourney and OpenAI’s DALL-E.
Founded in late 2022, Leonardo’s core model enables millions of people to turn their ideas into production-quality visual assets. Content creators can create images or videos with the aesthetic they want in seconds with simple commands, sketch with artificial intelligence, and custom train models with their own datasets.
Leonardo.Ai has reached more than 19 million registered users in less than two years; It has begun to be used in a wide variety of sectors, including advertising, marketing, design, entertainment, architecture, fashion, e-commerce and education.
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