Picsart operates as a mobile photo-editing application. The application offers tools for photo manipulation, freehand drawing, text, layout templates, and more. The company was formerly known as Socialin. It was founded in 2011 and is based in San Francisco, California.
ESPs containing Picsart
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The content editing market offers a range of solutions to help businesses speed up visual, audio, and written content editing. These solutions help businesses save time and resources while improving their content quality and effectiveness. The market serves various customers, from consumer brands and retailers to media companies.
Research containing Picsart
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Picsart in 1 CB Insights research brief, most recently on Aug 31, 2021.
Expert Collections containing Picsart
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Picsart is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Influencer & Content Creator Tech
Companies that serve independent creators who want to monetize their own work, from content creation tools to administrative back-end platforms to financing solutions.
Digital Content & Synthetic Media
The Digital Content collection includes companies that use technology to create, manage, and distribute digital content under all forms, including images, videos, audio, and text, among others.
Tech IPO Pipeline
The tech companies we think could hit the public markets next, according to CB Insights data.
Picsart has filed 6 patents.
Image processing, Photographic techniques, Digital photography, Computer vision, Diagrams
Image processing, Photographic techniques, Digital photography, Computer vision, Diagrams
Latest Picsart News
Dec 4, 2023
All the AI hype has made its way into the app stores. Last week, Apple and Google unveiled their lists for the best apps of 2023, both of which showcased a range of AI-powered apps. Although Apple didn’t include any in its main list, it curated a separate list featuring generative AI apps including ChatGPT, Canva and Picsart. Other apps — including Pinterest, Craft, Artifact and Sololearn — were also featured for their AI integrations. “Apps are a reflection of culture, and in 2023, generative AI captured users’ collective imagination with its evolution unfolding in real time,” according to Apple’s statement . “Apps started integrating AI throughout the year in a variety of ways. Although many features are still in their infancy, they gave users a chance to see, firsthand, the technology in action and come to their own conclusions about the benefits and risks.” As for Google’s list, the AI-powered chat app Character AI was named the “best with AI” while ChatGPT — a major competitor to Google Bard — was given an honorable mention. However, ChatGPT was the top app for the “Users’ Choice” category. ChatGPT’s app only debuted in May, but the platform hit a major milestone last week by celebrating the one-year anniversary since OpenAI introduced the web version on Nov. 30, 2022. But Apple’s list also aptly points out apps like ChatGPT are by no means perfect — pointing to large language models’ tendency to “hallucinate” and the possibility that answers might include “offensive or socially insensitive replies.” Numerous other generative AI apps have entered the market this year including chatbots like Anthropic’s Claude, Inflection AI’s Pi and Quora’s Poe. Meanwhile, others have focused on generative AI video tools such as Runway AI. However, yet others are still only accessible through Discord such as the AI image generator Midjourney and the newly released AI video editing startup Pika. Apple’s annual list also features finalists like the video editing app DaVinci Resolve. Another is Duolingo, which has built a number of new AI-powered features into the language learning app this year using OpenAI’s same large language models that power ChatGPT. “We have built far more with this technology over the past year than I thought we would a year ago,” said Klinton Bicknell, Duolingo’s head of AI. “It is in every part of the company now. We are using it both for a lot of these real-time features we’re talking about now, but also for a lot of features behind the scenes to generate things at scale to all of our free users.” A number of other popular apps that added AI features this year saw a boost in 2023, according to data provided by data.ai , formerly known as App Annie. Google saw a 44% year-over-year increase in downloads in the first three quarter of 2023, rising from 79.2 million to 114 million. Microsoft Edge about doubled its downloads — from 20 million to 39.9 million — while Bing saw app downloads increase 2,340% from 1.5 million to 36.6 million. Other apps that with new AI features that saw download increases were Expedia, Shopify and Chegg. However, others with new AI features saw declines including Snapchat (-10%), Slack (-8%) and Instacart (-3%). When data.ai analyzed a list of top generative AI apps across iOS and Android, ChatGPT had the most downloads with 112.4 million worldwide and 19.5 million in the U.S. Other generative AI apps with the most downloads this year in the U.S. included chatbots including Ask AI (9.8 million) and Character AI (8.7 million) along with the AI art generator Wonder AI Art Generator (6.2 million). A look back at last week OpenAI announced the official return of Sam Altman, less than two weeks after the board’s attempted coup . In a blog post , OpenAI explained the updates and included messages from Altman and Bret Taylor, who became board chair of OpenAI after last month’s shakeup. (Taylor was the former Salesforce co-CEO and former board chair of Twitter until it was sold to Elon Musk.) The worlds of privacy and AI converged in California as the California Privacy Protection Agency debuted a draft of regulations for AI and other types of “automated decisions technology.” Although rule-making won’t begin until next year, the agency — created as part of the state’s Consumer Privacy Act — will discuss the regulations at its next board meeting this week. In other AI privacy news, researchers at Google published a new paper showing evidence of ChatGPT leaking sensitive personal data. The findings also explain issues such as how researchers found explicit content or got ChatGPT to provide verbatim content from books and poems — potentially fueling more concerns about the copyright implications for AI. Generative AI might not be the best for the fight against climate change. According to new research from the AI startup Hugging Face and Carnegie Mellon University, generating a single AI image consumed as much energy as charging a smartphone. Prompted products: New AI announcements At its re:Invent conference last week, Amazon unveiled a new AI assistant called Q, which companies can customize with their own data and systems using dozens of built-in connectors. Jasper, the generative AI startup for sales and marketing teams, announced a new partner program specifically for marketing agencies. Mastercard debuted Shopping Muse, a new AI tool for retailers, that offered to help shoppers search for items based on conversational queries. Arc, an alternative web browser, added a new ChatGPT integration that will automatically suggest the chatbot for search queries instead of Google. For this year’s Spotify Wrapped , the streaming platform showcased newly added AI features like its AI DJ that curates and narrates users along their journey back through 2023. A heartwarming new commercial from Apple highlight the company’s newly introduced AI feature called Personal Voice, which lets people replicate their voice and store it on their phone for future use in case the person ever loses their voice. The ad was directed by filmmaker Taika Waititi and narrated by Tristram Ingham, a physician and disability advocate.
Picsart Frequently Asked Questions (FAQ)
When was Picsart founded?
Picsart was founded in 2011.
Where is Picsart's headquarters?
Picsart's headquarters is located at One Market Street, Floor 32, San Francisco.
What is Picsart's latest funding round?
Picsart's latest funding round is Option/Warrant.
How much did Picsart raise?
Picsart raised a total of $175M.
Who are the investors of Picsart?
Investors of Picsart include Sequoia Capital, DCM Ventures, Siguler Guff , G Squared, Tribe Capital and 7 more.
Who are Picsart's competitors?
Competitors of Picsart include Canva, Facet, PicMonkey, Storybeat, VSCO and 7 more.
Compare Picsart to Competitors
GIMP is the GNU Image Manipulation Program. It is a freely distributed piece of software for such tasks as photo retouching, image composition and image authoring. It works on many operating systems, in many languages.
Canva operates as an online visual communications platform operating in the technology and design industry. The company offers a user-friendly interface with a wide range of templates for creating various visual content such as presentations, websites, social media graphics, and videos, supplemented by a large library of fonts, stock photography, illustrations, video footage, and audio clips. Canva primarily serves individuals and businesses seeking to create visual content without the need for complex software knowledge. The company was founded in 2013 and is based in Surry Hills, Australia.
VSCO provides a photo & video editing platform. It offers premium presets, and quality tools enabling its users to build an ecosystem of digital tools, services, and communities for modern creatives. The company was founded in 2011 and is based in San Francisco, California.
Snappa is a company that focuses on providing easy-to-use graphic design software, operating in the graphic design and software industry. The company offers a platform where users can create graphics for various purposes such as social media, ads, blogs, and more, even without prior graphic design experience. The primary customers of Snappa are individuals and businesses in the digital marketing and social media industry. It is based in Ottawa, Ontario.
Polarr is an online photo editor. It offers an advanced free online photo editing application to download and use. It was founded in 2014 and is based in San Jose, California.
Kartiv provides an artificial intelligence (AI)-based design tool. It enables users to quickly and easily create visuals from their own photos and brand assets. The company is based in San Francisco, California.