By VC News Daily
NEW YORK, NY, Captions, the leading generative video creation and editing platform, today announced it has raised $60 million in Series C funding led by Index Ventures.
Captions today announced it 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. Returning investors include Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital, while new investors include Adobe Ventures, HubSpot Ventures, and Jared Leto. 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.
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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