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Founded Year

2011

Stage

Option/Warrant | Alive

Total Raised

$175M

Last Raised

$9.24M | 1 yr ago

About Picsart

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.

Headquarters Location

One Market Street, Floor 32

San Francisco, California, 94105,

United States

415-757-6800

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ESPs containing Picsart

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Marketing & Ad Tech

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.

Picsart named as Highflier among 15 other companies, including Smartling, Grammarly, and Wayne Hills Bryant AI.

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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 3 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,227 items

I

Influencer & Content Creator Tech

313 items

Companies that serve independent creators who want to monetize their own work, from content creation tools to administrative back-end platforms to financing solutions.

D

Digital Content & Synthetic Media

1,646 items

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.

Picsart Patents

Picsart has filed 5 patents.

The 3 most popular patent topics include:

  • Digital photography
  • Image processing
  • Computer vision
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/17/2022

12/6/2022

Image processing, Photographic techniques, Digital photography, Computer vision, Diagrams

Grant

Application Date

5/17/2022

Grant Date

12/6/2022

Title

Related Topics

Image processing, Photographic techniques, Digital photography, Computer vision, Diagrams

Status

Grant

Latest Picsart News

These AI Based Apps Exploded in 2023

Sep 21, 2023

9/21/2023 03:38:00 PM 2023 is widely being touted as the year of AI, and there are several apps out there that have managed to incorporate AI functionality to one extent or another. From photo and video editing apps that enable users to create high quality productions on a tight budget to chatbots that seem almost entirely human, there is no shortage of AI based apps that are seeing an explosion in their popularity. With all of that having been said and now out of the way, it is important to note that Picsart is one of the most popular apps of all, at least as far as AI functionality is concerned. Not only did this app receive the highest number of downloads in the first half of 2023, but it also attained the highest number of monthly active users. Furthermore, Picsart managed to reach second place in terms of revenue. In spite of the fact that this is the case, Facetune was able to surpass Picsart’s revenue to reach the top spot. Both of these apps offer video and photo editing to users, thereby confirming that such apps are seeing more popularity than might have been the case otherwise. Another AI based photo enhancer that has been picking up a lot of steam is Remini. It received the second highest number of downloads of any app that offers some degree of AI functionality, with the third highest amount of revenue after Facetune and Picsart along with the fourth highest number of monthly active users. Interestingly, Microsoft Edge has also been seeing a tremendous level of success with all things having been considered and taken into account. The integration of OpenAI’s GPT Large Language Model into the Bing search engine has allowed Microsoft Edge to enter the AI arena, making it one of the few major tech corporations to throw their hat into the ring. Based on the data collected from various app libraries and platforms, Microsoft Edge managed the impressive feat of attaining the third highest number of monthly active users. Only Picsart and a photo and video editor by the name of B612 were able to surpass Microsoft Edge in terms of monthly active users. As for total downloads, Microsoft Edge once again reached third place. Picsart and Remini were able to surpass it, but no other app managed to beat Microsoft which makes the tech juggernaut a true contender in the AI arena. Attaining some degree of prominence in the field of AI is essential because of the fact that this is the sort of thing that could potentially end up keeping companies relevant in the near future. Chat With Ask AI is yet another example of AI, although it offers an AI chatbot instead of photo and video editing features. This app reached ninth place in monthly active users, fifth place in total downloads and also got the tenth highest amount of revenue. It will be interesting to see which of these apps are able to maintain their position. Whichever app manages to stand the test of time will be poised to profit greatly from the industry, along with paving the way for future apps that will incorporate AI in various ways.

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, Siguler Guff , DCM Ventures, G Squared, Tribe Capital and 7 more.

  • Who are Picsart's competitors?

    Competitors of Picsart include Canva, Facet, PicMonkey, VSCO, Polarr and 8 more.

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CB Insights puts confidence and clarity into your most strategic decisions.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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Compare Picsart to Competitors

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Canva provides an online professional designing tool. It offers a library of templates, images, and fonts which allows users to create various visual content such as presentations, posters, social media graphics, logos, and more. The company was founded in 2013 and is based in Surry Hills, Australia.

VSCO Logo
VSCO

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 Logo
Snappa

Snappa is a software company that develops tools used by marketers and entrepreneurs to create graphics for social media, display ads, blog posts, and more.

Polarr Logo
Polarr

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 Logo
Kartiv

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.

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