Picsart PNG is a technology company based in San Francisco, California, and Yerevan, Armenia, developing the Picsart suite of online photo and video editing applications with a social, creative community.
The platform allows users to take and edit photos and videos, draw with layers, and share the images on Picsart and other social networks.
Picsart was founded in November 2011 by Armenian businessman Hovhannes Avoyan and Armenian programmers Artavazd Mehrabyan and Mikayel Vardanyan.
The founders developed the first Picsart app as a standalone tool that allowed users to modify a photo on their phone and add additional features over time.
The first PicsArt app came on Android devices in November 2011.
In January 2013, Picsart for iOS was released for iPhone. It is releasing for the iPad in May.
Then, in November, Picsart had reached 90 million installs and nearly 25 million monthly active users.
Also, In late 2013, Picsart Photo Editor became available for Windows Phone.
Then, In January 2014, Picsart became available on Windows 8 compatible devices.
Then, In April 2015, the company reports to have 250 million downloads for its iOS and Android apps and had 60 million monthly active users.
Also, In 2016, Picsart reached 75 million monthly active users.
In 2017, Picsart launched Remix Chat, a messaging system that allows users to share images directly or in groups and edit them with friends.
Therefore, company also implemented a feature that allows its user community to create and share custom stickers for free.
Picsart also announced that it had reached 90 million monthly active users.
In July, Russian supermodel and philanthropist Natalia Vodianova joined Picsart to increase social engagement and activism within the Picsart photographic community.
Then, in October, the company reached 100 million monthly active users and began announcing partnerships with top consumer brands and celebrities.
Also, In March 2019, Picsart reached 130 million monthly active users.
Also, in 2019, app analytics firm Sensor Tower ranked the company as the # 4 best-selling social photo and video editing app after Instagram, Snapchat, and YouTube.
In January 2020, the company launched an artificial intelligence laboratory in collaboration with the American University of Armenia.
Then, facility employed faculty and students to research machine learning and computer vision.
Also, In July, Picsart acquired D’efekt, a motion-based video effects company, its first acquisition.
Therefore, company also reported more than 1 billion app downloads in July to date.
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