Company continues to accelerate investment and pace of development with Canva AI products now used more than 7 billion times SYDNEY, July 29, 2024 - Canva, a world leader in visual communication with more than 190 million monthly active users, today announced plans to acquire Leonardo.AI. As one of Australia’s fastest-growing startups, and a leading generative AI content and research company, Leonardo.AI is empowering millions of people to bring their ideas to life through production-quality images and videos.

Genus AI, a prominent generative AI platform catering to Direct-to-Consumer (D2C) and e-commerce brands, has successfully secured an additional $6 million in a seed round extension, elevating the company’s total seed funding to a substantial $11 million. This infusion of capital comes from a diverse group of investors, including a leading US social media platform, Aleph Group Inc. – an ecosystem of global digital experts and technology-driven solutions for digital marketing, as well as strategic angel investors like Kazuki Ohta, Co-Founder & CEO of Treasure Data; Magnus Lundin, Founder of Heep Agency; Tomas Slimas, Co-Founder of Oberlo (acquired by Shopify), among others.