← State of Embedded Finance 2026

LeonardoAI

Can a generative AI creative platform become the visual-first design and API layer for media production at scale within the Canva ecosystem?

Founded2022
HQSydney, Australia
Latest roundAcquired by Canva
IndustryGenerative AI / Creative SaaS
The story

Leonardo.Ai launched in late 2022 as a generative AI platform for image (and later video) creation, scaling to 15M+ users globally. It was acquired by Canva and now operates as a Canva brand while maintaining its own platform, API, and team plans.

Last 12 months
2026-01
Product timeline
2022
Leonardo.Ai founded in Sydney as generative AI platform for visual creativity· founding
2024
Acquired by Canva· acquisition
The stack
FX & payouts
Airwallex
Accounting gap: none