VERIFY RECORD
Captions AI (Mirage)
5 of 10 claims verified
5 of 10 claims verified via primary or reputable sources, 3 plausible (company-reported, not independently audited), 2 thin (model-estimated revenue and conflicting headcount figures)
Claims
- [verified]
Raised $60M Series C in July 2024 at a $500M valuation, led by Index Ventures, bringing total funding to over $100M
Confirmed directly by lead investor Index Ventures' own announcement, corroborated by TechCrunch.
- [verified]
Raised $75M in growth financing from General Catalyst's Customer Value Fund in March 2026
Reported directly by TechCrunch, citing the company and investor.
- [verified]
Founded in February 2021 by Gaurav Misra (ex-Snap) and Dwight Churchill
Consistent founding date and founder names across independent sources.
- [verified]
Company rebranded from Captions to Mirage on September 4, 2025 to reposition as an AI video foundation-model research lab
Direct TechCrunch report dated the same day as the rebrand announcement.
- [verified]
Notable individual and institutional investors include Jared Leto, Kevin Systrom, Mike Krieger, Julie Zhuo, Adobe Ventures, HubSpot Ventures, Sequoia Capital, Andreessen Horowitz, and Kleiner Perkins
Named in the lead investor's own funding announcement and on the company's official about page.
- [plausible]
$28.4M in in-app revenue over the trailing 365 days (per Appfigures), with 75% of revenue from international markets vs. 25% U.S.
Third-party app-revenue-intelligence estimate (Appfigures) reported via TechCrunch, not company-disclosed or audited; captures only in-app purchases, not Mirage Studio/API/enterprise revenue.
- [plausible]
Platform has generated over 200 million videos, with 10M+ downloads by mid-2024 and 3.2M downloads in the trailing 365 days as of March 2026
Company-reported figures relayed through press coverage; no independent audit found.
- [thin]
2023 annual recurring revenue of $6.1M (widely cited figure)
Getlatka explicitly discloses this figure is a model estimate, not sourced from a management interview.
- [thin]
Current headcount of roughly 100-140 employees
Contrary Research cites 114 employees (2024 report), PitchBook and other trackers cite 136-140 or a 101-200 range; no company-disclosed headcount found, figures conflict across sources.
- [plausible]
AI Eye Contact feature corrects gaze so a creator appears to look at the camera even when reading from an off-screen script
Product-marketing claim on the company's own feature page; no independent accuracy benchmark or third-party test found.
Gaps
- No lawsuits, regulatory actions, or legal controversies against Captions/Mirage were found in this research run.
- No management-disclosed current (2026) headcount figure was found; third-party estimates conflict.
- Wikipedia's claim of '2 Webby Awards' in 2024 could not be independently confirmed via a primary Webby Awards source in this run; search results showed Captions as a nominee, not confirmed winner, in that category list.
- No independent benchmark exists for dubbing/lip-sync accuracy or the eye-contact-correction feature's real-world reliability.
- Revenue outside of mobile in-app purchases (Mirage Studio subscriptions, API/enterprise contracts) is not broken out in any source found.