SAN FRANCISCO – (COMMERCIAL THREAD) – Picsart, the world’s largest creative platform, today announced that it is ranked 375th on the annual Inc. 5000 list, the country’s most prestigious ranking of fastest growing companies . The list represents a unique look at the most successful companies in the U.S. economy today, and comes right after Picsart’s ranking among the top 20 most downloaded apps globally in Q2 and 2020 according to SensorTower.
“This recognition reflects an exciting period of growth for our company,” said Hovhannes Avoyan, Founder and CEO of Picsart. “It’s proof of our belief that anyone can be creative and of the success of our mission to empower creators around the world. We’re excited to build on this momentum, grow our world-class team and technology, and deliver the world’s best creative platform.
Picsart is recognized on the 2021 Inc. 5000 list as the company increases downloads, employees and revenue globally. This year, Picsart opened an office in the UK, announced the hiring of CFO Craig Foster and kicked off its brand refresh. To date, Picsart has been installed on over a billion devices and ranks among the world’s top-grossing photography and video apps, alongside YouTube and Instagram.
“The 2021 Inc. 5000 list appears to be one of the most important business lists ever compiled,” said Scott Omelianuk, editor-in-chief of Inc. success. Building one in the crisis we have been through is just amazing. That kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a lot of people. ”
As one of the top 500 companies, Picsart is featured in the September issue of Inc., which is available on newsstands.
Companies in the 2021 Inc. 5000 ranking are ranked according to the percentage of revenue growth from 2017 to 2020. To be eligible, companies must have been founded and generate income no later than March 31, 2017. They must be based in United States, private, for-profit, and independent (not subsidiaries or divisions of other companies) as of December 31, 2020.
About Inc. Media
The world’s most trusted business media brand, Inc. gives entrepreneurs the knowledge, tools, connections and community to build great businesses. Its award-winning cross-platform content reaches more than 50 million people each month across a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the fastest growing private companies in the United States. For more information, visit www.inc.com.
Picsart is the # 1 creative platform in the world and one of the 20 most downloaded apps. Every month, the Picsart community creates, remixes and shares millions of visual stories using the company’s powerful and easy-to-use editing tools. Picsart has put together one of the largest collections of open source content in the world, including photos, stickers, backgrounds, templates, and more. Picsart is available in 30 languages for free and as a subscription on iOS, Android and Windows devices. Picsart is backed by Sequoia Capital, DCM Ventures, Insight Partners and Siguler Guff & Company. Download the app or visit picsart.com for more information.