AI Video Company Mirage Raises $75M From General Catalyst

Funding will fuel international expansion and development of advanced AI video models.

Mar. 29, 2026 at 8:35am

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Mirage, the New York-based AI video company behind the Captions app, has closed a $75 million growth financing round from General Catalyst's Customer Value Fund. This brings the company's total capital raised to more than $175 million and marks a pivotal step in its evolution from a consumer video editing app into a full stack AI video platform and research lab.

Why it matters

The funding underscores Mirage's transition to a broader mission of redefining video creation through frontier AI models. The company aims to push beyond basic editing into autonomous, prompt-driven creation pipelines, while also aggressively expanding internationally, particularly in Asia where user demand has been strong.

The details

The $75 million infusion will fuel parallel advances in product and expansion. On the technology side, Mirage will deepen investment in agentic video systems and additional foundation models. On the growth front, the capital targets aggressive international scaling, with plans to tightly integrate the mobile Captions experience with the web marketing suite.

  • Mirage has closed a $75 million growth financing round.
  • The company has raised more than $175 million in total capital.

The players

Mirage

A New York-based AI video company behind the Captions app, which is transitioning from a consumer video editing app into a full stack AI video platform and research lab.

General Catalyst

The venture capital firm that led Mirage's $75 million growth financing round through its Customer Value Fund.

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What they’re saying

“The new capital accelerates a moat built on distribution speed and capital efficiency rather than product features alone, an edge sharpened by AI's rapid development cycle.”

— Gaurav Misra, CEO, Mirage

What’s next

Mirage plans to use the funding to further develop its AI video models, integrate its mobile and web platforms, and aggressively expand its international presence, particularly in Asia.

The takeaway

Mirage's transition from a consumer video editing app to a full-stack AI video platform and research lab, coupled with its strong international traction and capital-efficient business model, positions the company to lead the next wave of video AI creation tools that empower anyone to produce broadcast-quality content at scale.