How a Spanish startup pivoted to video AI and built a $230 million ARR business with no VC funding

Freepik is rebranding itself as Magnific, as cofounder and CEO Joaquín Cuenca Abela rebuilds the company for an AI future.

Apr 28, 2026 - 16:00
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How a Spanish startup pivoted to video AI and built a $230 million ARR business with no VC funding
Freepik is rebranding itself as Magnific, as cofounder and CEO Joaquín Cuenca Abela rebuilds the company for an AI future.

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