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Leonardo.Ai

Acquired by Canva · 2024 · $320M

Leonardo.Ai was a Creative Suites & Workflows company founded in 2022 and based in Sydney, Australia. It was acquired by Canva in 2024 for $320M.

Produces generative AI platform for game assets, creative workflows, and Phoenix foundational model. Raised $31M Series A in 2023; Phoenix model launched in 2024; strong in gaming and design asset production.

29M+ users; acquired by Canva in 2024 but continues operating independently with focus on brand consistency for enterprises.

leonardo.ai Creative Suites & Workflows

Australiaacquired

At a glance

Total raised

$39M

last round acquired

Headcount

201-500

approximate · public range

Headquarters

Sydney

Australia

Founded

2022

4 years active

Status

Acquired

by Canva

Subsector

Funding history

Total raised

$39M

Rounds tracked

3

Latest stage

Acquired

Date	Stage	Amount	Valuation	Lead investors
Jul 30, 2024	Acquired	—	—	Canva
Dec 6, 2023	Series A	$31M	—	Blackbird Ventures, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, Samsung Next

Products

Phoenix
Leonardo.Ai's flagship foundational AI image generation model featuring exceptional prompt adherence, coherent text rendering in images, and rapid iteration capabilities. Phoenix generates ultra-high resolution images up to 5 megapixels with an 'Edit with AI' feature for quick refinements. Designed for professional creative production, it excels at following detailed instructions while rendering legible typography, making it ideal for branded content, posters, and designers requiring precise control and consistency.
Lucid Origin
Leonardo.Ai's most versatile and adaptable text-to-image model built for rapid concepting and professional creative work. Lucid Origin delivers full-HD renders with strong prompt adherence, accurate text rendering, and diverse character generation across stylized illustration, photoreal scenes, graphic design, and product mockups. It balances aesthetic richness with technical control, eliminating the need to choose between style flexibility and prompt accuracy for creators seeking everyday, all-purpose image generation.
Motion
Leonardo.Ai's AI-driven video generation and animation platform enabling users to create dynamic video content from static images or text prompts. Motion supports multiple generation approaches including text-to-video, image-to-video, and AI animation workflows with precision motion control. Designed for storytelling, social media, and product experiences, Motion allows creators to transform concepts into cinematic sequences while preserving composition, characters, and creative intent throughout animated sequences.
Realtime Canvas
An interactive sketch-to-image tool that transforms hand-drawn sketches into AI-generated images in real time. Realtime Canvas enables artists and designers to explore creative directions with ease by bridging traditional drawing and AI generation in a single workflow. Users sketch concepts, prompts, and creative directions while the AI instantly renders polished visuals, providing immediate visual feedback and supporting iterative refinement from initial concept through final artwork.
Leonardo for Teams
An enterprise-grade solution launched in April 2024 designed for secure content production and collaborative workflows. Leonardo for Teams enables marketing and design leaders to scale asset production across teams while maintaining brand consistency and content control. This platform-level offering extends Leonardo.Ai's generative capabilities to organizational workflows, allowing teams to generate, edit, and share production-quality visuals faster while ensuring IP security and collaborative approval processes.