📰 **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.

🔗 https://fortune.com/2026/04/28/freepik-magnific-joaquin-cuenca-abela-230-million-arr-video-generation-ai-pivot/

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