<s>
Picsart	B-Application
is	O
a	O
Miami	O
,	O
Florida-based	O
technology	O
company	O
that	O
develops	O
the	O
Picsart	B-Application
suite	O
of	O
online	O
photo	O
and	O
video	O
editing	O
applications	B-Application
,	O
with	O
a	O
social	O
creative	O
community	O
.	O
</s>
<s>
The	O
platform	O
allows	O
users	O
to	O
take	O
and	O
edit	O
pictures	O
and	O
videos	O
,	O
draw	O
with	O
layers	O
,	O
and	O
share	O
the	O
images	O
on	O
Picsart	B-Application
and	O
other	O
social	O
networks	O
.	O
</s>
<s>
Picsart	B-Application
was	O
founded	O
in	O
November	O
2011	O
by	O
Armenian	O
entrepreneur	O
Hovhannes	O
Avoyan	O
,	O
and	O
Armenian	O
programmers	O
Artavazd	O
Mehrabyan	O
and	O
Mikayel	O
Vardanyan	O
.	O
</s>
<s>
Its	O
founders	O
developed	O
the	O
first	O
Picsart	B-Application
application	O
as	O
a	O
stand-alone	O
tool	O
to	O
help	O
people	O
alter	O
a	O
photo	O
image	O
on	O
their	O
phone	O
,	O
and	O
additional	O
capabilities	O
were	O
added	O
over	O
time	O
.	O
</s>
<s>
The	O
first	O
PicsArt	B-Application
app	O
launched	O
in	O
November	O
2011	O
on	O
Android	B-Application
devices	O
.	O
</s>
<s>
In	O
January	O
2013	O
,	O
Picsart	B-Application
for	O
iOS	B-Application
was	O
released	O
for	O
the	O
iPhone	O
.	O
</s>
<s>
In	O
late	O
2013	O
,	O
Picsart	B-Application
photo	O
editor	O
became	O
available	O
for	O
Windows	O
Phone	O
.	O
</s>
<s>
In	O
January	O
2014	O
,	O
Picsart	B-Application
became	O
available	O
on	O
devices	O
supporting	O
Windows	O
8	O
.	O
</s>
<s>
By	O
April	O
2015	O
,	O
the	O
company	O
reportedly	O
had	O
seen	O
250	O
million	O
downloads	O
for	O
its	O
iOS	B-Application
and	O
Android	B-Application
apps	O
,	O
and	O
had	O
60	O
million	O
monthly	O
active	O
users	O
.	O
</s>
<s>
In	O
2016	O
,	O
Picsart	B-Application
reached	O
75	O
million	O
monthly	O
active	O
users	O
.	O
</s>
<s>
In	O
2017	O
,	O
Picsart	B-Application
launched	O
Remix	O
Chat	O
,	O
a	O
messaging	O
system	O
where	O
users	O
can	O
share	O
images	O
directly	O
or	O
in	O
groups	O
and	O
edit	O
them	O
collectively	O
with	O
friends	O
.	O
</s>
<s>
Picsart	B-Application
also	O
announced	O
that	O
it	O
reached	O
90	O
million	O
monthly	O
active	O
users	O
.	O
</s>
<s>
In	O
July	O
,	O
Russian	O
supermodel	O
and	O
philanthropist	O
Natalia	O
Vodianova	O
joined	O
Picsart	B-Application
to	O
help	O
increase	O
social	O
engagement	O
and	O
activism	O
within	O
the	O
Picsart	B-Application
photo	O
community	O
.	O
</s>
<s>
In	O
March	O
2019	O
,	O
Picsart	B-Application
reached	O
130	O
million	O
monthly	O
active	O
users	O
.	O
</s>
<s>
Also	O
in	O
2019	O
,	O
the	O
company	O
was	O
ranked	O
by	O
app	O
analytics	O
company	O
Sensor	O
Tower	O
as	O
the	O
#4	O
top	O
grossing	O
social	O
photo	O
and	O
video	O
editing	O
app	O
,	O
after	O
Instagram	B-Application
,	O
Snapchat	B-Application
and	O
YouTube	B-General_Concept
.	I-General_Concept
</s>
<s>
In	O
January	O
2020	O
,	O
the	O
company	O
launched	O
an	O
artificial	B-Application
intelligence	I-Application
lab	O
in	O
conjunction	O
with	O
the	O
American	O
University	O
of	O
Armenia	O
.	O
</s>
<s>
In	O
July	O
,	O
Picsart	B-Application
acquired	O
motion-based	O
video	O
effects	O
company	O
D'efekt	O
,	O
its	O
first	O
acquisition	O
.	O
</s>
<s>
On	O
August	O
26	O
,	O
2021	O
,	O
Picsart	B-Application
CEO	O
Avoyan	O
announced	O
that	O
the	O
company	O
had	O
raised	O
$130	O
million	O
in	O
Series	O
C	O
funding	O
from	O
Softbank	O
,	O
Sequoia	O
,	O
G	O
Squared	O
,	O
Tribe	O
Capital	O
,	O
Graph	O
Ventures	O
and	O
Siguler	O
Guff	O
&	O
Company	O
with	O
a	O
company	O
valuation	O
nearing	O
$1.5	O
billion	O
,	O
making	O
it	O
the	O
first	O
tech	O
unicorn	O
born	O
in	O
Armenia	O
.	O
</s>
<s>
In	O
February	O
2022	O
,	O
Picsart	B-Application
acquired	O
Code	O
Republic	O
,	O
a	O
learning	O
platform	O
,	O
to	O
be	O
part	O
of	O
its	O
education	O
division	O
,	O
Picsart	B-Application
Academy	O
.	O
</s>
<s>
Also	O
in	O
February	O
,	O
the	O
company	O
launched	O
a	O
new	O
API	B-General_Concept
program	O
called	O
Picsart	B-Application
for	O
Developers	O
,	O
allowing	O
partners	O
to	O
implement	O
Picsart	B-Application
features	O
on	O
their	O
own	O
platforms	O
.	O
</s>
<s>
In	O
March	O
2022	O
,	O
Picsart	B-Application
released	O
AI	B-Application
fonts	O
,	O
a	O
new	O
collection	O
of	O
fonts	O
created	O
with	O
generative	O
AI	B-Application
.	O
</s>
<s>
In	O
November	O
2022	O
,	O
Picsart	B-Application
added	O
an	O
AI	B-Application
Image	O
Generator	O
and	O
an	O
AI	B-Application
Writer	O
to	O
its	O
platform	O
,	O
which	O
make	O
images	O
and	O
copy	O
using	O
generative	O
AI	B-Application
.	O
</s>
<s>
The	O
company	O
launched	O
its	O
AI	B-Application
Avatar	O
feature	O
in	O
December	O
2022	O
.	O
</s>
<s>
In	O
January	O
2023	O
,	O
Picsart	B-Application
launched	O
a	O
new	O
standalone	O
app	O
called	O
SketchAI	O
,	O
which	O
uses	O
generative	O
AI	B-Application
to	O
turn	O
sketches	O
into	O
digital	O
art	O
.	O
</s>
<s>
Picsart	B-Application
develops	O
mobile	O
apps	O
,	O
and	O
a	O
set	O
of	O
web	B-Application
browser	I-Application
tools	O
for	O
editing	O
videos	O
and	O
photos	O
.	O
</s>
<s>
The	O
app	O
and	O
website	O
tools	O
support	O
social	O
networking	O
activities.A	O
superb	O
feature	O
of	O
this	O
app	O
is	O
the	O
AI	B-Application
image	O
generator	O
tool	O
to	O
convert	O
our	O
text	O
into	O
an	O
image	O
,	O
as	O
well	O
as	O
a	O
background	O
eraser	O
to	O
erase	O
unwanted	O
objects	O
and	O
replace	O
the	O
background	O
.	O
</s>
<s>
Picsart	B-Application
Photo	O
&	O
Video	O
Editor	O
-	O
a	O
photo	O
and	O
video	O
editing	O
app	O
with	O
tools	O
to	O
add	O
filters	O
and	O
various	O
effects	O
,	O
with	O
social	O
network	O
integration	O
.	O
</s>
<s>
Picsart	B-Application
Animator	O
-	O
an	O
animation	O
app	O
allowing	O
the	O
creation	O
of	O
cartoon	O
videos	O
,	O
GIFS	O
and	O
other	O
animation	O
.	O
</s>
<s>
The	O
apps	O
are	O
available	O
on	O
iOS	B-Application
,	O
Android	B-Application
,	O
and	O
Windows	O
mobile	O
devices	O
.	O
</s>
<s>
Picsart	B-Application
's	O
web	B-Application
browser	I-Application
tools	O
for	O
PCs	O
have	O
the	O
same	O
features	O
as	O
the	O
Picsart	B-Application
Photo	O
&	O
Video	O
app	O
,	O
but	O
are	O
designed	O
for	O
web	B-Application
browsers	I-Application
on	O
PCs	O
running	O
Windows	O
8.1	O
or	O
higher	O
.	O
</s>
<s>
Picsart	B-Application
is	O
headquartered	O
in	O
Miami	O
,	O
Florida	O
.	O
</s>
