Canva acquires Leonardo.ai to boost its generative AI efforts

Posted under: AI technologies
Date: 2024-07-30
Canva acquires Leonardo.ai to boost its generative AI efforts

Canva has acquired Leonardo.ai, a generative AI content and research startup. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will be joining Canva, including the executive team. “Leonardo will continue to run independently of Canva with a focus on rapid innovation, research and development, now backed by Canva’s resources,” Adams told TechCrunch.

Read more at: techcrunch.com