Computer vision algorithms build on 2D images or 3D videos that capture dynamic events at the millisecond time scale. However, capturing and analyzing "transient images" at the picosecond scale - i.e., at one trillion frames per second - reveals unprecedented information about a scene and light transport within. This is not only crucial for time-of-flight range imaging, but it also helps further our understanding of light transport phenomena at a more fundamental level and potentially allows to revisit many assumptions made in different computer vision algorithms. In this work, we design and evaluate an imaging system that builds on single photon avalanche diode (SPAD) sensors to capture multi-path responses with picosecond-scale active illumination. We develop inverse methods that use modern approaches to deconvolve and denoise measurements in the presence of Poisson noise, and compute transient images at a higher quality than previously reported. The small form factor, fast acquisition rates, and relatively low cost of our system potentially makes transient imaging more practical for a range of applications.