AI Video Editing App Mirage Secures $75M Funding Boost

Mirage, the innovative company behind the AI-powered video editing app Captions, has secured a significant $75 million in growth financing from General Catalyst's Customer Value Fund (CVF). This latest funding round will enable Mirage to continue expanding its groundbreaking AI technology and enhance the capabilities of its flagship video editing application.

Captions, Mirage's flagship product, has gained widespread acclaim for its ability to automate various video editing tasks using advanced artificial intelligence. The app leverages machine learning algorithms to handle everything from transcription and subtitling to video effects and color grading, allowing users to create professional-quality videos with minimal effort.

With this latest $75 million investment, Mirage plans to further expand its team of AI and video editing experts, as well as invest in research and development to push the boundaries of what's possible in the realm of AI-powered video editing. The company aims to continue enhancing the user experience, adding new features, and refining the underlying technology to make Captions an even more powerful and versatile tool for content creators, marketers, and businesses.