Picsart to acquire computer vision and AI company DeepCraft
Digital creation platform Picsart is acquiring the research and development company DeepCraft for an undisclosed sum. This is Picsart’s second video-based acquisition. Last year Picsart acquired the advanced video effects company “D’efekt,” since rebranded to EFEKT. This is also Picsart’s first acquisition since the announcement of its Series C funding and unicorn status earlier this year. The company said DeepCraft’s “breakthroughs in computer...
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