TLDR:
- Captions raises $60M in Series C funding at a $500M valuation
- Investors include Index Ventures, Kleiner Perkins, Andreessen Horowitz, and others
Captions, a NYC-based generative video creation and editing platform, has secured $60M in Series C funding, bringing the total amount raised to $100M. The round was led by Index Ventures with participation from other notable investors such as Kleiner Perkins, Andreessen Horowitz, and Adobe Ventures. The company, led by CEO Gaurav Misra, plans to use the funds to expand its machine learning team and invest in research and technical infrastructure. Captions utilizes artificial intelligence to streamline the video creation process, offering tools such as AI Creator, AI Edit, and Lipdub. This latest funding round signifies confidence in Captions’ innovative approach to video production and its potential for continued growth in the industry.
