Mirage Announces $75 Million Growth Financing with General Catalyst

Mirage, empowering anyone, anywhere, to make quality videos, led by Gaurav Misra and Dwight Churchill, has raised $75 million in growth financing from General Catalyst's Customer Value Fund, bringing the total funding to more than $175 million.

This milestone highlights the scale of Captions’ reach, with over 20 million global users, including small businesses, creators, and enterprise teams, leveraging the platform to grow their presence. To date, users have created more than 250 million videos.

Reaching and sustaining scale now depends on more than product quality, as AI has accelerated software development and lowered traditional barriers. Competitive advantage increasingly lies in efficient customer acquisition, strong distribution, and capital efficiency. Through its partnership with General Catalyst’s Customer Value Fund, Captions is leveraging non-dilutive capital to scale proven distribution and expand its reach further.

Captions is focused on making professional-quality video creation accessible to anyone, with this funding accelerating both product development and growth. The platform is advancing into agentic video editing, enabling end-to-end workflows from raw footage, or none at all, into fully edited videos guided by simple prompts. At the same time, expansion into new markets, particularly across Asia, is driving the next phase of growth.