PicsArt has acquired its first company - D'efekt application, which is an alumnus of Beeline Startup Incubator 3d batch. D'efekt gives an opportunity to create visual content with the help of artificial intelligence.
“It is a great honor to join PicsArt, whose activities we have been following since its establishment. We are delighted that D’efekt will soon be part of a brand with incredible creative tools and content as well as a loyal audience. We look forward to making our app available to hundreds of millions of users, and a whole generation of video storytellers will be able to use the best video effects,” said Nane Tumanyan, Co-Founder and CEO of D’efekt Startup.
“We are always very proud of the success of our startups. Signing a deal with a giant like PicsArt is a great achievement. I am sure that many startups around the world dream of such a result, but we are certainly happy that it was the Armenian startup that passed our incubator school,” said Andrey Pyatakhin, General Director of Beeline in Armenia.
