Armenia-based PicsArt hits $1 billion valuation

PicsArt, an Armenian tech company, announced recently that it had “went unicorn,” which means it achieved a valuation of $1 billion. In a conversation with CivilNet, Mikayel Vardanyan, the co-founder of PicsArt and Chief Product Officer, explains what passing this major hurdle means for the company, what are the advantages of doing business in the Armenian tech sector, and what future plans he and his team have.