Overview

• Leonardo.AI's Phoenix model will be integrated into Canva's suite of AI tools, enhancing image and video generation capabilities.
• The acquisition brings Leonardo.AI's 120-member team under Canva, including designers, researchers, and developers.
• Leonardo.AI will continue to operate independently but will benefit from Canva's financial and technical resources.
• Founded in 2022, Leonardo.AI has amassed over 19 million users and generated over a billion images.
• This marks Canva's eighth acquisition, further solidifying its position in the visual content creation market.