Krux
March 30, 2026
Mirage's $75M General Catalyst Deal Can't Be Confirmed
Published: March 30, 2026 at 1:47 AM
Updated: March 30, 2026 at 1:47 AM
100-word summary
There's no public record of Mirage (formerly Captions) securing $75M from General Catalyst's Customer Value Fund. The AI video company's most recent disclosed funding was a $60M Series C in 2024 led by Index Ventures, with participation from Sequoia, Andreessen Horowitz, and Adobe Ventures. General Catalyst's CVF has written big checks elsewhere—$1B to Grammarly, $200M to Commure—often structured as non-dilutive growth capital to fund customer acquisition without equity dilution. Mirage recently rebranded to signal a pivot toward AI video foundation models, but hasn't announced any CVF partnership. Either this deal is flying under the radar or it doesn't exist.
What happened
There's no public record of Mirage (formerly Captions) securing $75M from General Catalyst's Customer Value Fund. The AI video company's most recent disclosed funding was a $60M Series C in 2024 led by Index Ventures, with participation from Sequoia, Andreessen Horowitz, and Adobe Ventures. General Catalyst's CVF has written big checks elsewhere—$1B to Grammarly, $200M to Commure—often structured as non-dilutive growth capital to fund customer acquisition without equity dilution. Mirage recently rebranded to signal a pivot toward AI video foundation models, but hasn't announced any CVF partnership.
Why it matters
Either this deal is flying under the radar or it doesn't exist.