PicsArt is a mobile photo and video editing and sharing app with over 500 million users. It offers a wide range of tools for editing photos and videos, including collage maker, camera, drawing tools, filters, effects, and stickers. It also allows users to share their creations on social media. In addition, PicsArt also provides a platform for users to join creative challenges, explore and follow trending hashtags, and discover inspiring art from the PicsArt community.
PicsArt, founded in 2011 by Hovhannes Avoyan, Artavazd Mehrabyan and Mikayel Vardanyan, is one of the world’s most popular apps, with reportedly more than 1 billion downloads across 180 countries.
In 2021, the company received $195 million in cumulative venture funding from Sequoia Capital, Insight Venture Partners, and others, giving it a reported post-money valuation of roughly $1.5 billion making it the first Armenian Unicorn !