Captions, an AI video startup founded by former Microsoft engineer Gaurav Misra, secured $60 million in Series C funding led by Index Ventures, valuing the company at $500 million. The funds will be used to expand its ML team and launch new generative AI innovations. Captions has evolved from a manual video creation app to a comprehensive AI-powered suite, allowing creators to produce high-quality videos with features like custom 3D avatars, voiceovers, and advanced editing tools. The platform is already used by notable names such as ESPN and Kevin O’Leary.
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