About PicsArt
PicsArt is a Media & Entertainment company based in Miami (United States) founded in 2011 by Artavazd Mehrabyan, Hovhannes Avoyan, and Mikayel Vardanyan. Photos and videos are edited using AI-assisted tools and stickers. It operates in the Media & Entertainment and Technology sectors. PicsArt has raised $195 million across 5 funding rounds from investors including EBRD, Tribe Capital and SoftBank Vision Fund. The company has 1,393 employees. PicsArt has completed 3 acquisitions, including Code Republic, DeepCraft and D’efekt. PicsArt was last valued at $1.5 billion in December 2021. Its chief executive, as recorded, is Hovhannes Avoyan. Its website picsart.com draws about 15.1 million monthly visits. Its Indian entity Picsart Technologies India Private Limited reported revenue of ₹10.7 Lakh. Its focus areas include Consumer, Online Photos, Editing and Amateur. Its competitors include Visual Supply Co, Pixelworks and Vieu Labs; 2 of its 3 listed competitors have raised funding.
Company details
PicsArt was founded in 2011 and is headquartered in Miami, United States. Operations focus on a mobile app in the creative software sector, where photos and videos are edited through AI-assisted features. Backgrounds are erased, stickers are applied, and images or drawings are remixed. Additional services include resizing, video cutting, slideshow creation, customizable filters, and collages. Revenue is generated via subscriptions.
- Headquarters Miami, United States
- Employees 1,393
- Founders Artavazd Mehrabyan, Hovhannes Avoyan, Mikayel Vardanyan
- Stage Unicorn
- SectorsMedia & EntertainmentTechnology
- Website category Hobbies and Leisure · Photography
- Email••••••••
- Website picsart.com
- Social LinkedIn X Facebook
- Legal Name Picsart Technologies India Private Limited
- Date of Incorporation 03 Jun, 2021
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹10.7 Lakh
FY 2025
- Indian entity net loss-₹13 Lakh
FY 2025 · -122% margin
- Indian entity EBITDA-₹13 Lakh
FY 2025 · -122% margin
- Total Equity Funding$195M (USD)
in 5 rounds
- Latest Funding Round$130M (USD), Series C
Aug 2021
- InvestorsTribe Capital
& 10 more
- Employee Count1,393
- Investments & AcquisitionsCode Republic
& 2 more
Associated legal entities of PicsArt
PicsArt operates through Picsart Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Picsart Technologies India Private Limited CIN U72900KA2021FTC148095 | Active | 03 Jun 2021 | Bangalore, Karnataka | ₹0.1 Cr | 15 | 3 | View details |
Apps and channels of PicsArt
PicsArt publishes 2 mobile apps with over 1B+ downloads.
Funding Insights of PicsArt
PicsArt has successfully raised a total of $195M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $130 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $195M
- Total Rounds 5
- Last Round Series C — $130M
- First Round $10M
(Feb 2015)
- Investors Count 11
All 5 funding rounds of PicsArt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $130M | Series C | $1.5B | SoftBank Vision Fund | |
| Jan 2021 | Series C | – | – | ||
| Apr 2016 | $20M | Series B | – | – | |
| Jun 2015 | $15M | Series A | – | Insight Partners | |
| Feb 2015 | $10M | Series A | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $1.5B | •••••••• |
Last known valuation $1.5B (Dec 2021). 11 investors in total: 11 institutional.
Investors in PicsArt
PicsArt has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include EBRD, Tribe Capital and SoftBank Vision Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Growth-stage technology companies are funded via primary and secondary investments. | gsquared.com | Chicago, United States | ||
Investments are made in global seed and early-stage startups. | 2018 | tribecap.co | Menlo Park, United States | |
Private equity firm focused on buyouts | sigulerguff.com | New York, United States | ||
Early-stage venture capital funding is provided to startup founders. | graphventures.com | San Francisco, United States | ||
Tech-focused seed, early, and mid-stage VC investments are made globally. | dcm.com | Menlo Park, United States | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
| rtp.vc | ||||
Corporate advisory services are provided across multiple sectors. | 1991 | unknown_6924389878b848929 | London, United Kingdom |
Investor details for PicsArt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Picsart Technologies India Private Limited (PicsArt)
Picsart Technologies India Private Limited is the primary company behind PicsArt. The board of Picsart Technologies India Private Limited currently have 3 directors; the longest-serving is Hovhannes Avoyan, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hovhannes Avoyan DIN 09192874 | Director | 03 Jun 2021 | 5 yrs 5 mo | Picsart Technologies India Private Limited |
| Sannidhi Purushotham DIN 07157362 | Director | 03 Jun 2021 | 5 yrs 5 mo | Picsart Technologies India Private Limited |
| Laura Lynn Kilian DIN 11400887 | Additional Director | 03 Dec 2025 | 11 mo | Picsart Technologies India Private Limited |
People of PicsArt
75 people are tracked at PicsArt (42 in leadership, 1 in board & advisors, 32 in team); the tracked headcount is 1,393.
| Name | Role | Group |
|---|---|---|
Artavazd Mehrabyan | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership | |
Mikayel Vardanyan | Co-Founder & COO | Leadership |
Davit Avoyan | Director of Product Management | Leadership |
Madlene A. Minassian | Head of Learning & Development | Leadership |
Lusine Harutyunyan | VP, Product | Leadership |
Duncan Riley | VP, Design | Leadership |
Ovidiu Gavril | VP, Engineering | Leadership |
Justin D. Almeleh | Director, Business Operations | Leadership |
Oli Mival | Sr. Director, Global Head of Research & Insight | Leadership |
Humphrey Shi | Chief Scientist | Leadership |
Yuxiao Hu | VP of AI Technology & Products | Leadership |
Ankur Pathak | Global Head of Product and Lifecycle Marketing | Leadership |
Scott Statson | VP, Talent Acquisition | Leadership |
Serop Serop | Director, Information Systems | Leadership |
Theresa Kochanek | Sr. Director of Global Recruiting | Leadership |
Craig Foster | CFO | Leadership |
Andrew Purnell | Product Design Director | Leadership |
Konstantin Lalafaryan | VP, Infrastructure | Leadership |
Narin Atamian | Senior Talent Partner | Leadership |
55 more people are available in the full profile.
Complete people profiles for PicsArt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PicsArt
Figures of Picsart Technologies India Private Limited, the primary company behind PicsArt, for FY 2025. Revenue was ₹10.7 Lakh. Net loss was -₹13 Lakh (-122% margin). EBITDA was -₹13 Lakh (-122% margin). Revenue has grown at a compounded annual rate of -77% over three years.
- ₹10.7 LakhRevenue · FY 2025
- -₹13 LakhNet loss · -122% margin
- -₹13 LakhEBITDA · -122% margin
- ₹4.5 LakhPaid-up capital
- 15Employees (provident fund records)
- -77%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Picsart Technologies India Private Limited are on its company page.
Detailed financial statements for PicsArt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PicsArt
PicsArt has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Code Republic, DeepCraft and D’efekt.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Computer science coaching classes are provided to students in Armenia. | coderepublic.am | Yerevan, Armenia | 2019 | Feb 2022 | •••• | |
Management consulting and business management services are provided. | deepcraft.io | Armenia | 2017 | Dec 2021 | •••• | |
Video editing software provider | dfkt.co | Yerevan, Armenia | 2017 | Jul 2020 | •••• |
Complete acquisition details for PicsArt
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of PicsArt
7 dated milestones of PicsArt across 11 years, from founding to its latest funding, stage changes and deals.
- Founded PicsArt is founded.
- Funding First funding round of $10.0M.
- Acquisition Acquires D’efekt.
- Funding Latest funding round, Series C, of $130.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires DeepCraft.
- Acquisition Acquires Code Republic.
Competitors of PicsArt
PicsArt has 3 listed competitors in our database, 2 of them funded. They include Visual Supply Co, Pixelworks and Vieu Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vsco.co | 2011 | San Francisco, United States | $135M | 99 | Community for photographers | |
| pixelworks.com | 1997 | San Jose, United States | 222 | Fabless semiconductor chips for video and pixel processing are developed. | ||
| vieu.com | 2022 | San Francisco, United States | $13M | Video recording and editing application |
Detailed competitors of PicsArt
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of PicsArt
The website of PicsArt (picsart.com) receives about 15.1M visits a month and ranks #2,863 among all websites worldwide, #23 in Photography.
- Monthly visits15.1M
▼ 4.2% vs previous month
- Unique visitors7.4M
per month
- Global rank#2,863
among all websites
- Category rank#23
Hobbies and Leisure · Photography
- Bounce rate42%
- Pages per visit4.7
- Average visit3 min 07 sec
- DevicesDesktop 51% · Mobile 49%
Websites whose visitors overlap most with PicsArt. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fotor.com | 100% | 11.5M | #3,762 | View details | |
| befunky.com | 88% | 2.5M | #26,378 | View details | |
| photogrid.app | 74% | #62,324 | View details | ||
| online-image-editor.com | 70% | #75,844 | View details | ||
photocollage.com | photocollage.com | 68% | #116,661 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for PicsArt
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Photography & Online Media Services
3 companies that operate in the same segment as PicsArt (Photography & Online Media Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered platform manages marketing creatives and customer journeys. | 1982 | San Jose, California, United States | USD 23.77 B | 30,710 | ||
Royalty-free stock photos, creative images, and vectors are supplied globally. | 1995 | Seattle, Washington, United States | USD 625 M | USD 939.29 M | 1,700 | |
AI-enabled photorealistic 3D capturing technology is provided for e-commerce. | 2021 | San Francisco, California, United States | USD 1.06 B | 497 |
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Related news about Picsart
Complete news archive for PicsArt
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Frequently Asked Questions about PicsArt
PicsArt was founded in 2011 and raised its 1st funding round 4 years after it was founded.
PicsArt is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Hovhannes Avoyan is the CEO of PicsArt, as recorded in our data. They have also founded this company.
PicsArt is a funded company, having raised a total of $195M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 2015.
PicsArt has 1,393 employees.
The primary company behind PicsArt, Picsart Technologies India Private Limited, reported revenue of ₹10.7 Lakh for FY 2025.
PicsArt was founded in 2011 and is headquartered in Miami, United States. Operations focus on a mobile app in the creative software sector, where photos and videos are edited through AI-assisted features. Backgrounds are erased, stickers are applied, and images or drawings are remixed. Additional services include resizing, video cutting, slideshow creation, customizable filters, and collages. Revenue is generated via subscriptions.
PicsArt's top competitors include Visual Supply Co, Pixelworks and Vieu Labs.
PicsArt has made 3 acquisitions, including Code Republic, DeepCraft, and D’efekt.
PicsArt has 11 investors. Key investors include EBRD, Tribe Capital, SoftBank Vision Fund, Sequoia Capital, and G Squared.
The valuation of PicsArt is $1.5B as of Dec 2021.
PicsArt operates through Picsart Technologies India Private Limited.