03:15 PM EDT, 07/30/2024 (MT Newswires) -- Stack Capital Group Inc. ( STCGF ), (STCK.TO) announced Tuesday that Canva, Inc., an existing portfolio holding, has acquired Leonardo.Ai, a generative AI content and research startup, for an undisclosed sum.

As part of the deal, a statement noted, Leonardo's technology will integrate into Canva's Magic Studio generative AI suite. Leonardo will continue to run independently of Canva, but it will benefit from the backing of Canva's financial resources and licensed content