Reports conflict on Mirage raising $75M from General Catalyst

In short: TechCrunch says Mirage raised $75 million from General Catalyst, but other widely cited public details do not clearly show that round.

What happened

TechCrunch reported that Mirage, the company behind the Captions video editing app, raised $75 million in growth financing from General Catalyst’s Customer Value Fund.

However, other public information available about Mirage’s funding history points to different, earlier rounds. Multiple reports have said Mirage raised more than $100 million in total, reached a valuation of about $500 million (a company value set during fundraising), and most recently closed a $60 million Series C round in July 2024 led by Index Ventures.

Earlier coverage has also described a $25 million Series B led by Kleiner Perkins, with participation from Sequoia Capital, Andreessen Horowitz, and SV Angel. In the sources available for this summary, there are no clear records that mention General Catalyst, its Customer Value Fund, or a $75 million growth round, up to at least September 2025.

Mirage was founded in 2021 by CEO Gaurav Misra, a former Snap employee. The company later rebranded from Captions to Mirage in 2025, shifting from creator tools to building its own “multimodal” AI models (AI that can work with more than one type of input, like video, audio, and text), mainly for short videos like TikTok, Reels, and Shorts.

Why it matters

Funding news shapes how people judge a company’s stability and plans. When reports conflict, it is a reminder to treat big funding numbers like a receipt you have not seen yet, useful but not final until confirmed across sources.

Source: TechCrunch AI