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Magnific
Spanish generative AI and stock media company
Magnific
Magnific (formerly Freepik) is a Spanish technology company that operates an online platform for generating and editing images, video and audio with generative artificial intelligence, together with a library of stock graphic resources. The company was founded in Málaga in 2010 as Freepik, a search engine and later a marketplace for design assets. It began adding generative AI tools in 2022 and video generation in 2025, and adopted the Magnific name in April 2026, taking it from an image-upscaling startup it had acquired in 2024. It is headquartered in Málaga and has an office in San Francisco. In 2020 the private equity firm EQT acquired a majority stake in the company. In April 2026 the company reported about US$230 million in annual recurring revenue and more than one million paying subscribers.
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