App is translated to 30 languages and is attracting the audience all over the world. PicsArt has consistently maintained a position as one of the top 50 apps on Google Play, in January 2019 PicsArt was on the second place in the International iTunes rating of free apps. Since its creation PicsArt hit lots of milestones and records. Total amount of funding is 45 million USD. Yerevan office is located on the territory of Tumo Center for Creative Technologies.Ĭompany is backed by the top venture capital firms like Sequoia Capital, DCM Ventures, Insight Venture Partners, and Siguler Guff and Company. Overall the company employs around 400 people worldwide. Beside those cities, PicsArt opened branches in Russia and China, but Yerevan office remains the biggest out of all. The company was launched in 2011 with headquarters located both in Yerevan, Armenia and San-Francisco, USA. Picsart COO Tammy Nam had told TechCrunch that the company has millions of subscribers and that there’s lots of room for the platform to grow.PicsArt is the leading photo and video editing app with a social platform for artists building community around creatively edited pictures. The capital infusion pushed the company’s valuation north of the $1 billion mark.
Picsart hit unicorn status last August after announcing that it raised a $130 million round led by SoftBank’s Vision Fund 2.
The AI-based APIs include a remove background feature, an upscale function that enlarges and enhances content without losing quality and a style transfer feature that transfers the look of any source image to elevate its style. With these new APIs, businesses can now implement Picsart’s AI-powered creative tools directly on their own platforms. The launch comes a few months after the company introduced a new API program called Picsart for Developers. The tools also include a collage maker, sticker maker, photo effects, filters and more. The company’s web tools now available in Google Drive include a photo editor that can be used to switch backgrounds from images, add text to photos, add stickers to pictures, remove unwanted objects from images and more. Picsart offers a range of digital creation and editing tools aimed at both consumers and professionals alike that make photo and video editing more fun and approachable. Picsart notes that creators can now use its editing tools to personalize their content without having to leave the Google Drive workspace. The new integration enables users to edit Google Drive images in Picsart’s web editor and easily save them back to Drive. Digital creation platform Picsart has launched an integration with Google Drive via the Google Workspace Marketplace.
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