Captions raises $60M in Series C funding led by Index Ventures to invest $100M in pioneering AI video research in New York City

Jul 09, 2024•about 1 year ago

Amount Raised

$60 Million

Round Type

series c

New YorkSoftwareAudioVideo

Investors

Jared LetoHub Spot VenturesAdobe VenturesSequoia CapitalAndreessen HorowitzKleiner PerkinsIndex Ventures

Description

Captions, the leading generative video creation and editing platform, has raised $60 million in Series C funding led by Index Ventures, bringing the total capital raised to $100 million for a valuation of $500 million. The company plans to use this funding to grow their world-class machine learning team and invest further into in-house research efforts and technical infrastructure, positioning Captions to continue pioneering breakthroughs for video technology.

Company Information

Company

Captions

Location

New York, New York, United States

About

Captions is a revolutionary creative studio that harnesses the power of artificial intelligence to transform the video creation process, enabling users to effortlessly produce studio-grade videos with just a few taps. By empowering every creator to effectively share their stories and ideas, Captions aims to foster a more inclusive and diverse online community. Evolving into a comprehensive suite of tools, this full-stack subscription offers avatars, editing, captioning, dubbing, and audio correction, streamlining the entire creative process.

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