Picsart
Founded Year
2011Stage
Option/Warrant | AliveTotal Raised
$175MLast Raised
$9.24M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-63 points in the past 30 days
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.
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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.
Generative AI — image generation market allows for the creation of high-quality digital images from scratch. With this technology, companies can produce realistic images that can be used for a variety of purposes such as product development, marketing, and entertainment. Generative AI — image generation offers a cost-effective solution to producing realistic images without having to hire professio…
Picsart named as Leader among 15 other companies, including Adobe, OpenAI, and Google Cloud Platform.
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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 May 24, 2024.
May 24, 2024
The generative AI market mapExpert 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
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Influencer & Content Creator Tech
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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
1,762 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.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Picsart Patents
Picsart has filed 8 patents.
The 3 most popular patent topics include:
- digital photography
- image processing
- computer vision
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/16/2022 | 5/21/2024 | Digital photography, Image processing, 3D imaging, Open formats, Image compression | Grant |
Application Date | 8/16/2022 |
|---|---|
Grant Date | 5/21/2024 |
Title | |
Related Topics | Digital photography, Image processing, 3D imaging, Open formats, Image compression |
Status | Grant |
Latest Picsart News
Aug 9, 2024
8/09/2024 01:26:00 AM A decent chunk of people who use TikTok aren't aware of its editing app called CapCut. CapCut has been growing silently and has become the highest-earning app in the video editing category, leaving Facetune, Picsart and Splice behind. CapCut was a free app until it added some subscriptions in 2022. Now, CapCut is going all-in on subscriptions with its free tier on the brink of disappearing. Why is ByteDance completely monetizing the app? According to the estimates by App Figures , CapCut’s net revenue reached 17.6 million in July 2024. This revenue is the all-time high for CapCut, and it is the revenue that ByteDance has taken after giving Apple and Google its fees. CapCut’s month-over-month revenue also increased to 32% in July 2024. CapCut’s revenue has always been stable ever since it introduced subscriptions. It grew to $1 million in four months to $10 million in six months after monetization. Now CapCut is way ahead of its competitors and doesn't need any free tier to support it. Its free tier was just an investment made by ByteDance to establish a community of its users so now the investment can pay back. ByteDance had a full strategy to make CapCut fully accessible to users and then make it monetized once it is stable. CapCut users may protest about cutting some free features but ByteDance is likely going to ignore them. Even if a number of free tier users stop using the app, CapCut’s revenue is still going to get higher because the app has become a leader among other apps of its category.
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, SoftBank, G Squared and 7 more.
Who are Picsart's competitors?
Competitors of Picsart include Canva, Facet, PicMonkey, Storybeat, VSCO and 7 more.
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Compare Picsart to Competitors
Gimp.org is the official website of the GNU Image Manipulation Program, a free and open-source image editor designed for a variety of operating systems. The program offers sophisticated tools for tasks such as photo retouching, creating original artwork, and designing graphic elements, which cater to professionals like graphic designers, photographers, and illustrators. GIMP is also a key component in desktop publishing workflows and supports extensive customization and extensibility through third-party plugins and scripts. It is based in Charlotte, North Carolina.
Canva operates as an online visual communications platform operating in the technology and design industry. The company offers an 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 is a community-driven platform focused on photography and creative expression within the technology and social networking sectors. The company offers mobile and desktop photo editing tools, a network for photographers to connect, and resources for creative and professional growth. VSCO also provides a hub for businesses to find and hire photographers for projects. It 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.
Let's Enhance is a machine-learning solution for visual content. It offers neural networks to automatically remove noise from JPEGs, upscale 4x, and add missing details to make images look natural. It was founded in 2017 and is based in San Francisco, California.
PhotoRoom specializes in artificial intelligence (AI) photo editing within the technology and photography sectors. The company offers a suite of tools that enable users to remove and change image backgrounds, retouch photos, and create visual content with ease. PhotoRoom primarily serves businesses in industries such as beauty, clothing, entertainment, furniture, and jewelry, providing solutions for ad asset creation and e-commerce. It was founded in 2019 and is based in Paris, France.
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