Jared Leto Invests in AI Video Startup:  Hollywood's New Storytelling Revolution?
Hollywood Reporter1 week ago
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Jared Leto Invests in AI Video Startup: Hollywood's New Storytelling Revolution?

AI
Video
Startup
Investment
Technology

Summary:

  • Jared Leto has invested in Captions, a startup developing generative AI video creation and editing technology.

  • Captions raised $60 million in Series C funding, valuing the company at $500 million.

  • Investors include Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Index Ventures, and Adobe.

  • Captions has released tools like AI Creator, AI Edit, and Lipdub, focusing on videos with a person speaking directly to the camera.

  • The potential of AI video generation is attracting major players like OpenAI, Anthropic, and Runway ML.

  • Captions aims to democratize video creation, allowing anyone to share their stories effectively.

Jared Leto Backs AI Video Startup, Captions

Actor and musician Jared Leto has joined the investors of Captions, a startup developing generative AI technology for video creation and editing. The investment comes as part of Captions' $60 million Series C funding round, valuing the company at $500 million.

Other investors include prominent venture capital firms like Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Index Ventures, and Adobe.

Captions has launched tools like AI Creator, AI Edit, and Lipdub, focusing on videos with a person speaking directly to the camera.

The potential of AI video generation has captivated Hollywood and Silicon Valley. Companies like OpenAI, Anthropic, and Runway ML are actively exploring this market. Leto himself previously invested in another AI startup, Pika, which his band Thirty Seconds to Mars explored for music video production.

Captions' CEO, Gaurav Misra, believes that New York is becoming a hub for AI innovation and that their technology will democratize video creation, allowing anyone to share their stories effectively.

Index Ventures partner, Damir Becirovic, highlights the power of storytelling and how Captions enables a new dimension of storytelling through AI-powered video creation, empowering users to bring their stories to life in unprecedented ways.

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