ArmInfo. Prime Minister of Armenia Nikol Pashinyan, accompanied by Acting On November 21, Minister of Transport, Communications and IT Hakob Arshakyan visited the office of the Armenian mobile application development company PicsArt. And about.
The head of the Armenian government got acquainted with the information technologies, programs and activities of the company. Nikol Pashinyan was presented with the company's features, approaches to managing the system, structure, general policy, as well as the capabilities of the PicsArt application.
The company's plans, the current status of international cooperation and expansion programs, educational programs and cooperation with educational institutions were presented.
Graphic editor PicsArt was developed in 2011 by an Armenian start-up company founded by Hovhannes Avoyan and Artavazd Mehrabian. Success came to PicsArt in 2013, when a free app appeared for iOS and Android. Already in 2015, Forbes published the top 50 startups in 2015, which included the most attractive companies for investors. The American business magazine placed mobile application Armenian developers PicsArt in fifth place, valuing it at $ 250 million. In 2015, PicsArt received an investment of $ 10 million from the US venture fund Sequoia Capital. Sequoia and became famous for the fact that at one time, in 1978, invested in Apple. Among other successful investments of the Fund - financing startups that later became large companies (Cisco, Google, Yahoo, PayPal, Youtube, LinkedIn, Dropbox, Airbnb, WhatsApp, Instagram).
The program is currently available in more than 30 languages. Observers call PicsArt an Instagram competitor. The application provides ample opportunities for image editing, using hundreds of tools previously available only in professional programs. It also has the ability to share ready-made projects both in the PicsArt social network itself with 90 million users, and in other social networks. The main "highlight" of the application, say the creators, in co-creation - unlike other photo editors, PicsArt allows you to edit images together with other users. Another difference is that Picsart users can buy additional fonts, filters and other tools.