PicsArt - About the company
PicsArt is a series C company based in Miami (United States), founded in 2011 by Mikayel Vardanyan, Hovhannes Avoyan and Artavazd Mehrabyan. It operates as an App for editing photos and videos. PicsArt has raised $195M in funding from Insight Partners and SoftBank Vision Fund, with a current valuation of $1.5B. The company has 1321 active competitors, including 43 funded and 23 that have exited. Its top competitors include companies like Lightricks, Visual Supply Co and MAGIX.
Sectors and market segments that PicsArt operate in
PicsArt serves in the Media & Entertainment market segments.The primary business model of PicsArt is:Company Details
App for editing photos and videos. Users can apply stickers, erase backgrounds, and more using the AI-assisted tools that are available. Additionally, it provides features for remixing images and drawings, resizing, video cutting, slideshow creation, customizable filters, and collages. It generates revenue using a pricing strategy centered on subscriptions.
- Website
- picsart.com
- Social
- Email ID
- *****@picsart.com
- Registered Address
- #235, Binnamangala, 2nd Floor, 13th Cross Road, 2nd Stage, Indiranagar (Bangalore), Bangalore, Bangalore North, Karnataka, India, 560038
Key Metrics
Founded Year
2011
Location
Miami, United States
Stage
Series C
Total Funding
$195M in 4 rounds
Latest Funding Round
Post Money Valuation
$1.5B as on Aug 26, 2021
Investors
Ranked
4th among 1321 active competitors
Employee Count
1,447 as on Feb 28, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with PicsArt
PicsArt is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PICSART TECHNOLOGIES INDIA PRIVATE LIMITED CIN: U72900KA2021FTC148095 , India, Active | Jun 03, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | 1 (As on Jan 31, 2023) | |
PICSART UK LIMITED CIN: 13741239 , United Kingdom, Active | Nov 11, 2021 | - | 25 (As on Dec 31, 2024) |
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PicsArt's funding and investors
PicsArt has raised a total funding of $195M over 4 rounds. Its first funding round was on Feb 05, 2015. Its latest funding round was a Series C round on Aug 26, 2021 for $130M. 7 investors participated in its latest round. PicsArt has 11 institutional investors.
Here is the list of recent funding rounds of PicsArt:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 26, 2021 | $130M | Series C | $1.5B | - | ||
Apr 20, 2016 | $20M | Series B | - | - | - | |
Jun 04, 2015 | $15M | Series A | $250M | - |
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PicsArt's founders and board of directors
Founder? Claim ProfileThe founders of PicsArt are Mikayel Vardanyan, Hovhannes Avoyan and Artavazd Mehrabyan. Hovhannes Avoyan is the CEO of PicsArt.
Here are the details of PicsArt's key team members:
- Mikayel Vardanyan: Chief Operating Officer & Co-founder of PicsArt and founder of 2 other companies, TeamViewer and Sourcio. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Hovhannes Avoyan: Co-Founder & CEO of PicsArt. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Artavazd Mehrabyan: Co-Founder & CTO of PicsArt. They serve on the board of 1 company.
PicsArt's Board of Directors
PicsArt's board has 9 active members. Mikayel Vardanyan, Magdalena Yesil, Hovhannes Avoyan, Artavazd Mehrabyan, Craig Foster, Serena Dayal, Kevin Boon, Tammy Nam and Michael Vernal are independent board members.Here is the list of PicsArt's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m | |
Independent board member | - | Current | 4y 2m |
View details of PicsArt's Founder profiles and Board Members
PicsArt's employee count trend
PicsArt has 1,447 employees as of Feb 26. Here is PicsArt's employee count trend over the years:
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PicsArt's Competitors and alternates
Top competitors of PicsArt include Lightricks, Visual Supply Co and MAGIX. Here is the list of Top 10 competitors of PicsArt, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Lightricks 2013, Jerusalem (Israel), Series D | AI-powered tools for image, video editing, and content creation | $335M | 72/100 | |
2nd | Visual Supply Co 2011, San Francisco (United States), Series B | Community for photographers | $135M | 70/100 | |
3rd | Multimedia software | - | 69/100 | ||
4th |  PicsArt 2011, Miami (United States), Series C | App for editing photos and videos | $195M | 67/100 | |
5th | Photo Editing App With A Social Networking Element | $7.6M | 66/100 | ||
6th | AI-enabled face swapping video editing solutions | $11M | 64/100 | ||
7th | Provider of graphics, painting, photo, video and office software | - | 57/100 | ||
8th | Pixelworks 1997, San Jose (United States), Public | Provider of video and display processing solutions for multiple applications | - | 56/100 | |
9th |  Skylum 2017, New York City (United States), Unfunded | AI enabled software for photo editing | - | - | 54/100 |
10th | SaaS-based photo editing platform | - | - | 54/100 |
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PicsArt's Investments and acquisitions
PicsArt has acquired 3 companies including Code Republic, DeepCraft and D’efekt. PicsArt has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 02, 2022 | Acquisition | 2019 | Yerevan (Armenia) | |
Dec 02, 2021 | Acquisition | 2017 | ||
Jul 22, 2020 | Acquisition | 2017 | Yerevan (Armenia) |
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Reports related to PicsArt
Here is the latest report on PicsArt's sector:
News related to PicsArt
Filter this listMedia has covered PicsArt for a total of 13 events in the last 1 year, 11 of them have been about company updates and 1 about partnerships.
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AI-Powered Design Platform, Picsart, Expands into Creator Monetization CategoryBusiness Wire•Apr 07, 2026•PicsArt
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Picsart now allows creators to ‘hire’ AI assistants through agent marketplaceTechCrunch+•Mar 17, 2026•PicsArt
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Picsart Taps Into $40BN Influencer Marketing Economy With New ‘Faceless’ Tools: Persona and StorylineBusiness Wire•Mar 04, 2026•PicsArt
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Picsart Launches Aura - Delivering Social Content and Short-Form Videos in MinutesBusiness Wire•Feb 23, 2026•PicsArt
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Black Forest Labs Announces $300M Series B Investment to Accelerate Visual IntelligenceAgencia EFE•Dec 01, 2025•Black Forest Labs, Salesforce Ventures, AMP, Meta and 37 others
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Picsart Expands Creative Platform With AI Products to Empower and Accelerate Vibe Design at ScaleBusiness Wire•Nov 11, 2025•PicsArt
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Amaze and Picsart Partner to Turn Designs into Physical and Digital ProductsNewswire•Jun 26, 2025•Amaze, PicsArt
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