Picsart ranks No.1204 on the Inc. 5000 list for 2022
MIAMI, August 17, 2022--(BUSINESS WIRE)--Picsart, the world’s leading digital creation platform and a top 20 most downloaded app worldwide, today announced its inclusion as no. 1204 on the annual Inc. 5000 list, an exclusive ranking of the nation's top private companies. This is Picsart’s second consecutive year on the reputable list, which has become a hallmark of entrepreneurial success.
"Picsart is the go-to platform for today’s creators, and we’re growing rapidly worldwide," said Hovhannes Avoyan, Founder and CEO of Picsart. "We’re focused on providing access to professional and powerful tools - both on our platform and through APIs. In the midst of this ongoing growth, we value our continued recognition on the list."
Currently, Picsart ranks as one of the top 20 most downloaded apps worldwide in Q4 and all of 2021, according to SensorTower. It has over one billion app downloads to date, with over one billion edits made on the platform every month.
The company's place on the 2022 Inc. 5000 list follows its advancements in education, enterprise and AI research. In the last year, Picsart acquired the learning platform Code Republic under its educational division Picsart Academy, and made its leading tools available to businesses through the launch of an API program and Editor SDK. Picsart also established a dedicated Picsart AI Research lab (PAIR), which recently launched an AI-based font generation solution and industry-leading image enhancement tools.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Picsart is a photo and video editing platform and creative community. A top 20 most downloaded app worldwide, its AI-powered tools allow creators of all levels to design, edit, draw and share content anywhere. The platform has amassed one of the largest open-source content collections in the world, including photos, stickers, backgrounds, templates, and more. Used by consumers, marketers, content creators and businesses, Picsart is used for both personal and professional design. Picsart also offers its world-class image editing and processing tools to businesses through APIs and an SDK. Download the app or visit picsart.com for more information.
More about Inc. and the Inc. 5000
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired). The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. Growth rates used to determine company rankings were calculated to four decimal places. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform 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 every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
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