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Mirage, the New York-based AI video company behind the Captions app, has closed a $75 million growth funding round from General Catalyst’s Customer Value Fund. This brings the company’s total funding to more than $175 million and marks a pivotal step in its evolution from a consumer video editing app to a full-stack AI video platform and research lab.
why is it important
This funding underscores Mirage’s transition to a broader mission to redefine video production through frontier AI models. The company aims to push its autonomous, instant-driven creation pipeline beyond basic editing, while also aggressively expanding internationally, particularly in Asia, where user demand is strong.
detail
The $75 million infusion will fuel parallel product and expansion advances. On the technology side, Mirage is ramping up its investment in agent video systems and additional underlying models. On the growth front, the capital is aiming for aggressive international expansion with plans to tightly integrate its mobile captioning experience with its web marketing suite.
- Mirage has completed a $75 million growth funding round.
- The company has raised more than $175 million in total.
players
mirage
A New York-based AI video company that develops the Captions app. We are transitioning from a consumer video editing app to a full-stack AI video platform and research lab.
common catalyst
The venture capital firm led Mirage’s $75 million growth funding round through its Customer Value Fund.
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what they are saying
“The new capital accelerates a moat built on velocity and capital efficiency, not just product capabilities, an advantage further strengthened by AI’s rapid development cycle.”
— Gaurav Misra, Mirage CEO
what’s next
Mirage plans to use the funding to further develop its AI video model, integrate mobile and web platforms, and aggressively expand its international presence, particularly in Asia.
Take-out
Mirage’s transition from a consumer video editing app to a full-stack AI video platform and research lab, coupled with its strong international traction and capital-efficient business model, positions Mirage to lead the next wave of video AI creation tools that enable anyone to produce broadcast-quality content at scale.
