Leonardo.AI

Leonardo.AI (officially Leonardo Interactive) is a Sydney-based AI platform founded in 2022, achieving $16 million revenue serving 12 million customers in 2024 before being acquired by Canva on May 1, 2025. Headquartered at 120 High Street, North Sydney, the company employs 120-240 people across 5 continents.

Leonardo.AI raised $31.3 million in total funding from 12 investors including AWS Startups, Blackbird Ventures, Gaorong Capital, Goodwater Capital, and Piton Capital. The platform specializes in generating high-quality visual assets for game development, creative teams, and developers—providing AI image generation from text prompts, custom model training for tailored outputs, asset upscaling and enhancement, and 3D texture generation.

Leonardo.ai is widely regarded as the best AI image generator for game developers, as nothing else handles character consistency as well—critical for maintaining visual coherence across game assets, concept art, and marketing materials. The platform offers multiple images generated simultaneously, an integrated prompt library for community collaboration, and AI Canvas for user-friendly editing.

The 2025 Canva acquisition integrates Leonardo's advanced generative AI capabilities into Canva's 170M+ user ecosystem, expanding access to professional-grade AI asset creation.