Canva doubles down on AI with the acquisition of Leonardo.Ai [Video]

Lately, AI is playing an increasingly important role, with many people using it to boost productivity and creativity at work. This is where useful design tools like Canva step in. To expand its AI capabilities, Canva has acquired Leonardo.Ai, a Sydney-based platform specializing in generative AI art.

Canva buys Leonardo.Ai to supercharge its generative AI tools

All 120 employees of Leonardo.Ai, including the executive team, will join Canva and help boost the company’s AI tools. At the same time, the Leonardo.Ai team will continue to develop its web platform for its millions of users, but now, with the added boost of Canva’s financial resources, expertise, and access to licensed content from the Canva Creators program.

– Cameron Adams, Co-Founder and Chief Product Officer at Canva, July 2024

Canva isn’t a newcomer to AI. Its journey began with the launch of the Background Remover tool in 2019. The company soon followed up with the initial version of its Text to Image tool in 2022. Then, it rolled out a complete set of …