SoftBank-based digital creation platform Picsart, which recently hit uniciorn status, announced today it’s acquiring the research and development company DeepCraft. The deal is a combination of both cash and stock and is in the seven-figure range, but the exact terms aren’t being disclosed. Picsart today offers a range of digital creation and editing tools aimed […]
Picsart raises $130M from SoftBank, becomes unicorn on the back of its visual creator tools
Picsart COO Tammy Nam said it was now past a $100 million run rate, and that it was worth more than $1 billion after the SoftBank round. That was the extent of our ability to mine her for details.