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Canva acquires Leonardo AI image startup to bolster generative offerings

With the acquisition, Leonardo hopes to continue this ground breaking creative AI research with the support and scale of Canva.

Within just two years of launch and subsequent updates, Leonardo made waves in the highly competitive creative AI space — dominated by the likes of Midjourney and Adobe — and roped in 19 million users who have cumulatively generated over a billion images. The company’s technology, including the Phoenix model, will be integrated with Canva’s Magic Studio of AI features in the coming months. For Canva, integrating Leonardo’s model and technology will pave the way to serve the community better, allowing creators to push the creative and strategic aspects of their work with faster and more compelling visual generations.

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