Captions, a startup using artificial intelligence to revolutionize video creation and editing, has raised $25 million in Series B funding. The round was led by Kleiner Perkins, with participation from previous backers including Sequoia Capital and Andreessen Horowitz.
This new infusion brings Captions' total funding to $40 million since its 2021 founding. The company plans to use the capital to further develop its AI-powered creative studio platform.
Captions aims to make it easy for anyone to produce high-quality, studio-style talking head videos right from their phones. The company's app harnesses AI to automate tedious production tasks like editing, captions, and script writing. This allows creators to focus on content instead of technical details.
Since launching last year, Captions has seen rapid adoption, with over 100,000 daily active users and 1 million videos created per month. The platform's simplicity has proven popular among short-form video creators on platforms like TikTok and Instagram.
"We're proud to have quickly become the go-to platform for mobile video creation," said Captions co-founder Maxwell Krieger. "This new funding validates our vision for using AI to democratize professional-quality video production."
Captions' Series B comes alongside a brand refresh, with the company unveiling a new modern look and feel. While the rebrand signals Captions' rapid growth, Krieger emphasized that enhancing the product experience remains the priority.
"We're committed to launching innovative tools that empower our global community of creators to make their greatest work," he said.
With strong investor backing, rapidly growing demand, and clear product-market fit, Captions seems poised for even faster growth. The company's AI-first approach could further disrupt the crowded video creation space.