Mirage Raises $75M Growth Round from General Catalyst

Mirage, the company behind the popular AI-powered video editing app Captions, has secured $75 million in growth financing from General Catalyst's Customer Value Fund. This non-dilutive funding brings the startup's total capital raised to over $175 million. The investment supports ongoing development of advanced AI models for video creation and editing, targeting creators and businesses. With more than 3.2 million app downloads and $28.4 million in in-app revenue, Mirage demonstrates strong market traction and unit economics that attracted this capital.