Captions Rebrands as Mirage, Pivots to AI Video Research Lab
Captions has rebranded as Mirage and is pivoting from creator tools to an AI research lab focused on multimodal foundational models for short-form video. Backed by $100M+ in funding at a $500M valuation, Mirage combines its consumer app and Mirage Studio (launched June) to let brands generate ad videos and avatars ($399/month plan). The company says it’s added moderation to limit deepfake misuse.