Picsart is the Tech’s Newest Unicorn
Original Content- Business Upside Picsart as a startup earned the status of a unicorn recently when it garnered a valuation of over a billion. Havhannes Avoyan’s freemium photo editing app PicsArt raised 130 million dollars at a valuation of almost 1.5 billion. It has thus been efficiently rapidly replacing Lightroom and Photoshop for the Gen Z of Instagram. How Picsart Came into Being: Avoyan grew up in Soviet Armenia and always harboured the dream of visiting an art school. However, his art dreams came to a crash when his designs and applications were rejected. Momentarily he gave up on his dreams of pursuing art and design and steered away to computers. He found a new passion for designing apps and focused mainly on machine learning and artificial intelligence. For the next thirty years almost, he gradually became one of the leading guys in the Armenian tech field with three brilliantly successful software startups. Avoy...