Twelve Labs Raises $30 Million in Funding
Twelve Labs, a San Francisco, CA-based video understanding AI company, has raised $30 million in funding.
Twelve Labs, a San Francisco, CA-based video understanding AI company, has raised $30 million in funding.
Investors
Backers in the round include leading infrastructure providers such as Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures, and In-Q-Tel.
Twelve Labs Use of Funds
The company will utilize the funds to scale research and development (R&D), expand its team, and accelerate customer-focused innovation.
About Twelve Labs
Twelve Labs is a software company that develops advanced multimodal AI models, including its proprietary Marengo and Pegasus models, designed to analyze and interpret video content with human-like understanding. The company’s cutting-edge video understanding technology enables organizations to discover valuable insights and moments within vast libraries of video content, empowering users to achieve more and learn faster. Headquartered in San Francisco, Twelve Labs also operates an APAC office in Seoul.
Funding Details
Company: Twelve Labs, Inc.
Raised: $30.0M
Round: Undisclosed
Funding Date: December 2024
Investors: Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures, In-Q-Tel
Company Website: https://www.twelvelabs.io/
Software Category: AI Video Understanding Solutions
