VentureBeat July 9, 2024
As the demand for generative AI video grows, startups in this space are attracting big money from venture capital firms. Recently, RunwayML was reported to be raising a large round of funding. Now, Captions, an AI video startup founded by former Microsoft engineer Gaurav Misra, has secured $60 million in Series C funding.
Founded in 2021, Captions started as a camera app in which users recorded ‘talking videos’ by engaging with the camera directly. Over the past year, the company has shifted its focus to AI, enabling users to create videos with avatars from scratch. It has essentially become an AI-powered creative suite for video creators.
Misra stated that the investment, led by Index Ventures, values the company at $500...
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