PYMNTS.com July 9, 2024
Captions has raised $60 million in a Series C funding round to invest in its generative artificial intelligence (GenAI) platform for creating and editing video.
The company will use the new funding to grow its machine learning (ML) team and continue investing in its in-house research efforts and technical infrastructure, Captions said in a Tuesday (July 9) press release.
The new funding round brings the company’s total capital raised to $100 million and its valuation to $500 million, according to the release.
Gaurav Misra, co-founder and CEO of Captions, said in the release that the company looks forward to “furthering our mission of democratizing video creation, so that anyone can effectively share their stories or ideas.”
Captions offers a suite...
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