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DeepNewz, mobile.
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Captions, an AI video software company, has raised $60 million in a Series C funding round led by Index Ventures, bringing its total funding to $100 million. The company, now valued at $500 million, plans to invest the new capital in pioneering AI video research in New York City. Captions has experienced significant growth, reaching over 10 million global creators. The company's software allows users to create and edit videos with ease, addressing the steep learning curve often associated with video production tools.
Captions Announces $60M Series C, Hits $500M Valuation https://t.co/oxwwkAdEjn
We've had an incredible year at @getcaptionsapp so far — and today I'm thrilled to share we've raised a $60M Series C. This milestone was made possible by some truly incredible work and momentum by our New York City team including: 🌎 Reaching 10M+ global creators on Captions… https://t.co/edDzybBnL0
It’s been a big year for Captions, and it’s only July. Building on this momentum, we’re excited to announce our $60M Series C, led by @IndexVentures. That brings our total capital raised to $100M, which we’ll be investing in AI video research right here in New York City. We… https://t.co/kMyeAQi9CW
