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Freepik Rebrands to Magnific at $230M ARR

Freepik Rebrands to Magnific at $230M ARR

Freepik has rebranded as Magnific, unifying its stock assets, AI upscaling, and other products into one AI creative platform. The Málaga-based company is bootstrapped, profitable with $230M ARR, boasting 1M paying subscribers and 250 enterprise customers like BBC, Puma, and Amazon Prime Video. CEO Joaquín Cuenca has never taken outside investment.

The Next Web (TNW)MediaApr 28#rebrand#creative-ai#bootstrapped
Jiaotu Rebrands as Qi An Xin AI

Jiaotu Rebrands as Qi An Xin AI

Beijing Jiaotu Technology renamed to Qi An Xin Artificial Intelligence Technology (Beijing) Co., Ltd. Qi Xiangdong took over as legal representative, manager, and director, replacing Chen Ming; multiple exec changes occurred. Wholly owned by Qi An Xin Tech Group, it focuses on AI systems, security services since 2010.