Captions Raises $60M Series C Led by Index Ventures, Hits $500M Valuation

Jul 9, 2024, 01:38 PM

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.