Enterprise AI Video Creation Software company Capsule has raised $4.75 million in seed funding to further develop and commercialize their video editing and creation toolset. To date, Capsule has raised at total of $6.75 million in capital, with a pre-seed funding round of $2 million in 2021.
Capsule investors include Human Ventures, Swift Ventures, InVision founder Clark Valberg’s Tiferes Ventures, Behind Genius Ventures, Array Ventures and Bloomberg Beta.
Angel investors include Replit CEO Amjad Masad, Dropbox CTO Arash Ferdowsi, Figma head of sales Kyle Parrish, former head of audio & video at Spotify/Anchor founder Mike Mignano, Chorus.ai co-founder Roy Ranani, and Gumroad founder Sahil Lavingia.
Capsule’s landmark customers includes organizations like Snowflake, TED, Salesforce, and The Wall Street Journal, to name a few.
How Capsule works:
- Capsule automatically create a video transcript, which is placed off to the side of the video for use in edits.
- Users then select a block of text and then click a button to have the text automatically summarized and turned into a title card.
- Choose from different card styles, including an animated title card page and a title card that appears below the video.
- Once clips are created in the timeline the video can be edited, processed and exported & shared..