Captions raised $25 million in an investment round led by Kleiner Perkins with existing investors Sequoia Capital, Andreessen Horowitz and SV Angel. Thus, Captions increased its total investment to $ 40 million.
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Video Editing Artificial Intelligence Increased Its Total Investment to $ 40 Million!
Captions officially launched its flagship product after a successful launch on the Apple App Store in January 2021. In this way, it has reached a revolutionary position in the field of video editing. The company offers everyone the opportunity to create and publish studio-quality content using the power of artificial intelligence. It aims to further expand the playing field for content creators.
Captions has seen tremendous growth since its inception in 2021. It has empowered more than three million creators to produce direct videos from mobile devices. These videos are created in studio quality. In its first six months, Captions has achieved the impressive feat of more than 100,000 daily active users and more than one million videos created on the platform each month. This success speaks to Captions' ability to revolutionise the content creation and distribution landscape. It can also be said to have a significant impact on the creative economy. It is further strengthening its position by innovating in the next generation of storytelling.
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