Guess who’s stepping into the world of AI? It’s none other than actor and musician Jared Leto! He just put down some cash for a stake in Captions, a young company that’s making waves in video creation and editing, powered by artificial intelligence (AI).
Jared Leto Dives into AI
Jared has hopped on board the Captions train for their Series C funding. That’s the fancy name for their latest round of investment gathering. And guess what? They raised a jaw-dropping $60 million, bringing the company’s valuation to a cool $500 million. The round saw contributions from a bunch of big names in startup investing, like Andreessen Horowitz, Kleiner Perkins, Sequoia Capital, Index Ventures, and even Adobe.
Cash in the Bank for Captions
This successful round makes it a hefty $100 million in total funding that Captions has bagged. The announcement had heads turning in both Hollywood and Silicon Valley. Captions specializes in creating and equipping video editors with AI tools, especially those who make videos where people talk directly to the camera. They’ve already got a few tools out, namely AI Creator, AI Edit, and Lipdub.
More than Just a One-Time Thing
Jared’s no stranger to AI. He has shown his interest earlier by investing in Pika, another AI startup. His band, Thirty Seconds to Mars, has even dabbled with using Pika’s technology for their music videos.
A Booming Startup in the Big Apple
Gaurav Misra, who co-founded Captions and is its CEO, couldn’t be happier. He believes that New York is rapidly becoming an AI hub, and he’s excited for Captions to grow right in the heart of it. Expect more hiring, more innovation, and more democratization of video creation, so anybody can share their stories or ideas easily. Misra is thankful for all the support the startup has received and can’t wait to push into the next exciting chapter.
Transforming Storytelling with AI
Damir Becirovic, a partner at Index Ventures, sees massive potential in Captions’ technology. He believes that storytelling is what makes us human and Captions’ tech is taking it to the next level. Now, anyone can bring their imagination to life in a way that was previously unimaginable. People can share their stories to the world, leading to a wave of stories created by Captions users.
Captions: The Future of AI Video
Captions, with its massive investment, is gearing up to expand the boundaries of what’s possible in AI video creation. This company’s sure showing signs of big things to come. As for Jared Leto? Well, his leap into AI looks like just the beginning of many more such exciting ventures. Stay tuned and expect to see more celebrities like him supporting innovative tech startups in the future.
For more details, visit Project Casting Blog on https://www.projectcasting.com/blog/casting-calls-acting-auditions/jared-leto-invests-in-generative-ai-video-start-up/