Captions, a New York-based generative video creation and editing platform, has raised $60 million in Series C funding, bringing its total capital to $100 million and valuing the company at $500 million.
Investors
The round was led by Index Ventures, with participation from returning investors Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital, alongside new investors Adobe Ventures, HubSpot Ventures, and Jared Leto.
Index Ventures, founded in 1996 with offices in London, San Francisco, and Geneva, partners with entrepreneurs worldwide to develop bold ideas into global businesses, from Seed to IPO.
Captions Use of Funds
The company will use the funds to grow its team and invest further in in-house research efforts and technical infrastructure.
About Captions
Captions is an AI-powered creative studio developing a video creation and editing platform for content creators. They offer advanced tools powered by artificial intelligence (AI) that enable users to create, edit, and enhance videos effectively. By empowering every creator to 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 includes avatars, editing capabilities, captioning, dubbing, and audio correction, streamlining the entire creative process.
Funding Details
Company: Captions, LLC.
Raised: $60.0M
Round: Series C
Funding Month: July 2024
Lead Investors: Index Ventures
Additional Investors: Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital, alongside new investors Adobe Ventures, HubSpot Ventures, Jared Leto
Company Website: https://www.captions.ai/
Software Category: Video Creation and Editing
Source: https://www.businesswire.com/news/home/20240709061123/en/Captions-Raises-Series-C-to-Invest-100M-in-Pioneering-AI-Video-Research-in-New-York-City