PicsArt - About the company
PicsArt is a series C company based in Miami (United States), founded in 2011 by Hovhannes Avoyan. 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 1313 active competitors, including 42 funded and 19 that have exited. Its top competitors include companies like Visual Supply Co, MAGIX and RefaceAI.
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 5 rounds
Latest Funding Round
Post Money Valuation
$1.5B as on Dec 31, 2021
Investors
Ranked
3rd among 1313 active competitors
Employee Count
1,393 as on Sep 30, 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 | Reports |
|---|---|---|---|---|
PICSART UK LIMITED CIN: 13741239 , United Kingdom, Active | Nov 11, 2021 | - | 25 (As on Dec 31, 2024) | |
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) |
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PicsArt's funding and investors
PicsArt has raised a total funding of $195M over 5 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 | - | ||
2021 | Undisclosed | Series C | - | - | - | |
Apr 20, 2016 | $20M | Series B | - | - | - |
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PicsArt's founders and board of directors
Founder? Claim ProfileThe founders of PicsArt is Hovhannes Avoyan. Hovhannes Avoyan is the CEO of PicsArt.
Here are the details of PicsArt's key team members:
- 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
PicsArt's Board of Directors
PicsArt's board has 9 active members. Hovhannes Avoyan, Craig Foster, Magdalena Yesil, Mikayel Vardanyan, Serena Dayal, Kevin Boon, Tammy Nam, Artavazd Mehrabyan 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 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m | |
Independent board member | - | Current | 4y 4m |
View details of PicsArt's Founder profiles and Board Members
PicsArt's employee count trend
PicsArt has 1,393 employees as of Sep 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 Visual Supply Co, MAGIX and RefaceAI. 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 | Visual Supply Co 2011, San Francisco (United States), Series B | Community for photographers | $135M | 70/100 | |
2nd | Multimedia software | - | 69/100 | ||
3rd |  PicsArt 2011, Miami (United States), Series C | App for editing photos and videos | $195M | 64/100 | |
4th | AI-enabled face swapping video editing solutions | $11M | 63/100 | ||
5th | Photo Editing App With A Social Networking Element | $7.6M | 59/100 | ||
6th | Provider of graphics, painting, photo, video and office software | - | 58/100 | ||
7th | Pixelworks 1997, San Jose (United States), Public | Provider of video and display processing solutions for multiple applications | - | 56/100 | |
8th |  Skylum 2017, New York City (United States), Unfunded | AI enabled software for photo editing | - | - | 56/100 |
9th | SaaS-based photo editing platform | - | - | 53/100 | |
10th |  Upscale.media 2015, Mumbai (India), Unfunded | AI-based photo editing platform | - | - | 53/100 |
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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 16 events in the last 1 year, 11 of them have been about company updates and 3 about partnerships.
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Picsart Appoints Lusine Yeghiazaryan as CFO to Lead AI-Native Video Growth StrategyNewswire•Sep 06, 2026•PicsArt, SADA Systems
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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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Picsart and Zazzle announce collaboration that drives the evolution from creator to commerce through print-on-demand integrationBusiness Wire•Dec 18, 2025•Zazzle, 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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