Captions, a NYC-based provider of a generative video creation and editing platform, raised $60M in Series C funding, at $500M valuation.
The round, which brought the total amount to $100M, was led by Index Ventures with participation from Kleiner Perkins, Andreessen Horowitz, Sequoia Capital, Adobe Ventures, HubSpot Ventures, and Jared Leto.
The company intends to use the funds to grow its machine learning team and invest further into in-house research efforts and technical infrastructure.
Led by CEO Gaurav Misra, Captions is a creative studio that empowers artificial intelligence to improve the video creation process, enabling users to produce studio-grade videos with a few taps. In recent months, the company has launched proprietary generative technology including AI Creator, a 3D avatar designed for content creation, AI Edit, a tool that offers the ability to fully edit a video with one tap, and Lipdub, a model that generates natural lip movement and body language.
FinSMEs
09/07/2024