Canva has acquired Leonardo, an Australian-based AI company that creates images, videos and visual assets. The platform offers features like AI-powered upscaling, inline editing and real-time image creation
Canva said that Phoenix AI will be integrated into Magic Studio tools as part of the acquisition, and it is worth noting that this is the company's eighth acquisition, joining Affinity (2024), Flourish (2022), Kaleido (2021), Smartmockups (2021), Pexels (2019), Pixabay (2019), and Zeetings (2018)
Leonardo.ai allows users to create images in a variety of styles, including hyperrealistic, character portraits, anime, portrait styles, and more. It also offers AI-powered image enhancement, real-time image generation, and built-in image editing. While the platform has a premium tier with advanced features, free users can also create a limited number of images and videos
Canva claims that Leonardo's base Phoenix model shows a high level of speed, generates accurate text in images, and can generate production-ready assets in a single attempt. No further details about the model's architecture or the data it was trained on were shared