BTN News: Canva, the popular visual communication platform with over 190 million active users each month, is planning to buy Leonardo.AI. Leonardo.AI is a fast-growing Australian startup known for its work in AI technology. This company helps millions of people create professional-quality images and videos. By acquiring Leonardo.AI, Canva aims to improve its tools and create a top-notch suite of AI-powered visual communication tools. This move is a significant milestone in Canva’s goal to use AI more effectively.
With this acquisition, Canva will boost its investment in research and development. Leonardo.AI’s advanced technology will be available to Canva’s global user base. In the last 18 months, Leonardo.AI’s technology has been used to create over a billion images. These images have been used in marketing and advertising campaigns, interior design concepts, mockup optimization, and dynamic video production.
For Leonardo.AI, joining forces with Canva means a great chance to keep innovating in AI and grow on a global scale. Canva’s support will help Leonardo.AI develop a generative AI platform with a strong focus on creativity.
Cameron Adams, Canva’s co-founder and Chief Product Officer, expressed his excitement: “We are thrilled to welcome Leonardo.AI to Canva. Two Australian companies coming together to innovate in AI and creativity on a global scale is very exciting. This field is always changing, and Leonardo’s technical leadership and community impact are impressive. By working together, we can speed up our progress and strengthen our market position. We are eager to start our collaborative journey.”
Leonardo.AI, founded in late 2022, has quickly become a leader in generative AI. It helps millions of people turn their ideas into high-quality visual elements with great control, speed, and style consistency. Content creators can generate images in seconds from simple text descriptions, create videos and sketches with AI, and train custom models with their own data.
Leonardo’s latest model, Phoenix, makes the content creation process even better. It can generate visual elements from text descriptions with great accuracy. This allows users to create complex images and ready-to-use assets in just seconds.
JJ Fiasson, founder and CEO of Leonardo.AI, said, “Today marks the beginning of a new chapter that will speed up our innovation at Leonardo.AI. Joining Canva means we can invest more to expand our AI research efforts globally and move faster in offering new features and content creation tools to the world.”
In less than two years, Leonardo.AI has gained over 19 million registered users. It is used in many industries, such as advertising, marketing, design, entertainment, architecture, fashion, e-commerce, and education. Working with Canva will help develop new technology for more users and grow Leonardo’s community quickly.
Leonardo’s technology is useful for beginners, filmmakers, and professionals in architecture and design. It offers advanced creative control and expands the capabilities of generative AI while being easy to use. Its models can create images in different styles like realistic, portrait, anime, and pictorial. The AI-driven video generation tools can add life to almost any concept.
This acquisition is a big step for both Canva and Leonardo.AI. It is also important for the future of AI-driven visual communication. This partnership will bring amazing creative tools to people all around the world.
