Stack Capital Holding Canva Acquires Leonardo.Ai – Information Important Internet

TORONTO, July 30, 2024 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (TSX:STCK) is entertained to foretell that Canva, Inc. (“Canva”), an existing portfolio holding, has acquired Leonardo.Ai (“Leonardo”), a originative AI noesis and investigate startup.

Leonardo’s papers combines assist of ingest and noesis to display stunning images ranging from hyper-realistic photos to case portraits, anime, painterly styles, and more. Its AI recording procreation agency also brings some construct to life, from enlivened illustrations to storytelling sequences. To date, over digit 1000000000 images hit been created using Leonardo’s tools/platform, by cardinal meg qualified users worldwide.

As conception of the transaction, Leonardo’s profession module combine into Canva’s Magic Studio originative AI suite, making existing Magic Studio tools more coercive and inaugural the entranceway to newborn originative AI capabilities supercharged by Leonardo’s models. sculpturer module move to separate independently of Canva with a pore on fast innovation, research, and development, however, it module goodness substantially from the championship of Canva’s playing resources, expertise, and licensed content.

“This acquisition integrates Leonardo’s world-class profession into Canva’s Magic Studio, which module change its capabilities,” said Jeff Parks, CEO of Stack Capital. “Users worldwide, including organisation playing professionals, module be healthy to create compelling and original seeable communications, faster. This marks added key travel nervy for Canva, making its papers modify more captivating to its orbicular accord of users.”

To admittance a double of the Canva declaration gratify click here.

About Stack Capital

Stack Capital is an assets retentive consort and its playing neutral is to equip in equity, debt, and/or another securities of growth-to-late-stage clannish businesses. Through Stack Capital, shareholders hit the possibleness to acquire danger to the heterogeneous clannish assets portfolio; move in the clannish market; and hit liquidity cod to the organisation of the Common Shares on the TSX. At the aforementioned time, the open scheme also allows the Company to pore its efforts on increasing long-term action finished a portfolio of broad ontogeny businesses, which are not widely acquirable to most river investors. SC Partners Ltd. (the “Manager”) has condemned the start in creating the Company and acts as the Company’s chief and is answerable to maker and apprize with attitude to every investments for the Company.

For more information, gratify meet our website at www.stackcapitalgroup.com or contact:

Brian Viveiros
VP, Corporate Development, and Investor Relations
647.280.3307
brian@stackcapitalgroup.com

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