Canva acquired Australia-based synthetic intelligence (AI) startup Leonardo.ai on Tuesday. The AI startup makes use of its native basis mannequin Phoenix to generate photos, movies, and create visible belongings. The platform additionally presents options corresponding to AI-powered upscaling, inline modifying, and real-time picture technology. Canva stated that the Phoenix AI mannequin will likely be built-in into its Magic Studio instruments as part of the acquisition. Notably, that is the corporate’s eighth acquisition, becoming a member of Affinity (2024), Flourish (2022), Kaleido (2021), Smartmockups (2021), Pexels (2019), Pixabay (2019) and Zeetings (2018).
Canva Acquires Leonardo.ai
In a newsroom put up, Canva introduced the acquisition of Leonardo.ai. Regardless of buying the corporate, Canva will let the AI startup develop its net platform for its customers and enterprise clients, just like Affinity. Nevertheless, Canva will combine the startup’s Phoenix AI mannequin into its Magic Studio instruments. The mannequin will primarily be used to enhance the efficiency of its picture and video technology capabilities. The corporate may even make investments monetary sources, experience, and licenced content material from the Canva Creators programme into Leonardo.ai.
Leonardo AI
Leonardo.ai permits customers to generate photos in numerous kinds, together with hyper-realistic, character portraits, anime, painterly kinds, and extra. It additionally presents AI-powered picture upscaling, real-time picture technology, and inline picture modifying. Whereas the platform has a premium tier with superior options, free customers may also generate a restricted variety of photos and movies.
Canva claimed that Leonardo’s Phoenix basis mannequin reveals a excessive stage of immediate adherence, correct textual content technology in photos, and might generate production-ready belongings in a single try. No different particulars in regards to the mannequin’s structure or the info it was skilled on had been shared.
Notably, Leonardo was based in 2022. In two years, the corporate is alleged to have amassed greater than 19 million registered customers on its platform. Canva says the acquisition won’t solely enhance its choices but additionally develop Leonardo’s person base.
