Mirage raises $75M for AI video editing app

Mirage, the company behind the AI-powered video editing application Captions, has secured $75 million in growth funding. The investment comes from General Catalyst's Customer Value Fund (CVF). This capital infusion will support Mirage's ongoing efforts to develop and enhance its advanced AI models. These models are crucial for the functionality of Captions, enabling users to create and edit videos more efficiently and creatively. The funding underscores investor confidence in Mirage's technology and its potential to disrupt the video editing market with sophisticated AI solutions.