Palacio Inc.

About Palacio Inc.

Palacio Inc., operating as Canvia, was established in Santa Clara, California, in 2017 by founder and CEO Rahul Ranjan. The company aims to integrate art into daily life through digital means, positioning itself in the art and home decoration market. Palacio Inc. launched its primary product, the Canvia smart art frame, after a successful crowdfunding campaign that resulted in $285,000 in pre-sales. The firm secured $350,000 in a seed funding round on April 6, 2019.

The core of the business is the Canvia smart frame, a digital canvas designed to display artwork with a realistic, print-like quality. This is achieved through its proprietary "ArtSense" technology, which utilizes sensors to dynamically adjust the on-screen image based on the room's ambient light conditions. The hardware consists of a 24-inch, 1920x1080 full-HD, anti-glare display housed in a wooden frame available in several finishes. It is powered by a 1.8 GHz Quad-Core ARM processor with 2GB of RAM and includes 16GB of internal storage, capable of holding up to 10,000 images. The device supports both portrait and landscape orientations.

Palacio Inc.'s business model revolves around the one-time sale of the Canvia frame and recurring subscription revenue. The company provides access to a vast digital library containing thousands of curated artworks, from contemporary pieces to classic masterpieces from renowned museums. While a selection of art is free, full access to the premium library requires a subscription, which is included for the first year with the purchase of a frame. Revenue is shared with contributing artists, creating a platform for them to showcase and monetize their work. Users manage the frame, create playlists, and upload their own photos or NFT collections through a companion mobile app and web portal. The company targets both individual art enthusiasts and businesses such as hotels and galleries, offering a flexible way to display art.