L-R: JJ Fiasson (founder and CEO of Leonardo.Ai), Cliff Obrecht (co-founder and COO of Canva), Melanie Perkins (co-founder and CEO of Canva). Source: SmartCompany.
Canva has revealed plans to acquire AI startup Leonardo.Ai for an undisclosed amount. The acquisition aims to strengthen Canva’s suite of visual AI tools, which has become a key part of its development strategy since releasing its Magic Studio platform in 2023.
While the companies are remaining tight-lipped on the deal’s price tag, it does follow Canva’s $1 billion acquisition of design software company Serif. Based in the UK, the company’s Affinity product suite is a direct competitor of Adobe’s toolset.
Leonardo.Ai co-founder and CEO JJ Fiasson confirmed to SmartCompany on Tuesday that the full Leonardo team will join Canva, but will operate independently.
ABOUT THE AUTHOR
Handpicked for you
Neural Notes: Community-driven AI is the secret to Leonardo.Ai’s success
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.