Captions Secures $60M Investment for AI Video Expansion and Research
Tuesday, 9 July 2024, 19:04
Captions Secures $60M Investment for AI Video Expansion and Research
Captions, an AI video startup founded by an ex-Microsoft engineer, has successfully raised $60 million in funding from leading venture capitalists and actor Jared Leto. The investment will fuel the expansion of Captions' machine learning team and enhance its in-house research and technical capabilities.
Key Points:
- Significant funding: $60 million investment from top VCs and Jared Leto.
- Expansion plans: Investing in machine learning team and technical infrastructure.
This substantial funding round signifies a significant milestone for Captions as it continues to bolster its position in the AI video technology sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.