Picsart Raises $130M in Series C; Valued at More Than $1 Billion
- Picsart, a San Francisco, CA-based creative platform, raised $130m in Series C funding
- The round was led by SoftBank Vision Fund 2 with participation from new investors G Squared and Tribe Capital
- The company intends to use the funds to expand its AI-driven technology, prosumer tools, explore acquisitions, and to continue building its team
- With over $100 million in annual revenue run rate, the company is now valued at over $1 billion
- The company has raised a total of $195 million in capital since its founding
- The company is a creative platform whose community, every month, creates, remixes, and shares millions of visual stories using its editing tools
