Picsart Raises $130M in Series C; Valued at More Than $1 Billion
Summary
The company intends to use the funds to expand its AI-driven technology, prosumer tools, explore acquisitions, and to continue building its team. With over $100 million in annual revenue run rate, Picsart is now valued at over $1 billion. Led by Hovhannes Avoyan, founder and CEO, Picsart is a creative platform whose community, every month, creates, remixes, and shares millions of visual stories using its editing tools. Picsart has amassed a large open-source content collection, including free-to-edit photos, stickers, backgrounds, templates, and more. The company has more than 800 employees in nearly a dozen hubs around the world, including San Francisco, Bangalore, Beijing, Berlin, Los Angeles, Moscow, New York, Tokyo, and Yerevan.
Funding
Review available funding amount, funding date, investors, and linked company information related to Picsart Raises $130M in Series C; Valued at More Than $1 Billion in the interactive ISVWorld profile.