AI Video Startup Captions Secures $60 Million in Series C Funding

The investment, led by Index Ventures and joined by notable investors including Jared Leto, values the company at $500 million.

Captions will use the funds to expand its machine learning team and invest in research and technical infrastructure.
The startup offers a suite of AI-powered tools for video creation, including avatars, editing, and dubbing.
Captions aims to democratize video creation, enabling users to generate high-quality content easily.
The company has attracted over 10 million users, producing more than three million videos monthly.
Captions' innovative tools have positioned it as a leader in the AI video space, competing with firms like Runway and Luma AI.