Visual communications and collaboration platform Canva has announced its acquisition of Leonardo.Ai, a company specializing in generative AI content and research. This acquisition is intended to enhance Canva’s visual AI tools and accelerate its AI research and development efforts.
Built on its Phoenix foundational model, Leonardo.Ai allows users to quickly create production-quality visual assets. It provides tools for image and video generation, sketching with AI and custom model training, serving industries like advertising, marketing, design and education.
Canva enables users to design a wide range of visual content using a simple drag-and-drop interface and a vast library of templates and media assets. Leonardo.Ai’s technology, which has generated over one billion images, will be integrated into Canva’s Magic Studio, a suite of AI tools. This acquisition supports Canva’s mission to help professionals create innovative visual content.
