Canva snaps up Leonardo.AI in blockbuster acquisition
Canva is set to buy Sydney AI startup Leonardo.Ai for an undisclosed sum; the piece also recalls Leonardo's $47 million 2023 raise with Blackbird and Canva's earlier $1 billion Serif purchase.
Chief Executive Officer · Founder, Leonardo.Ai
Stories naming JJ Fiasson. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Canva is set to buy Sydney AI startup Leonardo.Ai for an undisclosed sum; the piece also recalls Leonardo's $47 million 2023 raise with Blackbird and Canva's earlier $1 billion Serif purchase.
Roundup of eight local raises totalling roughly $81.5 million: generative AI, sustainable packaging, VR medical training, optical radar, drinks, preventive health and wholesale retail software.
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Sydney AI platform Leonardo.Ai has completed a Series A on top of its seed round, taking total backing past $47 million from Blackbird, Side Stage Ventures, Samsung Next, Smash Capital and TIRTA Ventures.