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Twelve Labs Lands $12M For Ai That Understands The Context Of Videos

Dec 05, 2022over 2 years ago

Amount Raised

$12 Million

San FranciscoSoftware

Investors

Spring VenturesIndex VenturesRadical Ventures

Description

To Jae Lee, a data scientist by training, it never made sense that video — which has become an enormous part of our lives, what with the rise of platforms like TikTok, Vimeo and YouTube — was difficult to search across due to the technical barriers posed by context understanding. Searching the titles, descriptions and tags of videos was always easy enough, requiring no more than a basic algorithm. But searching within videos for specific moments and scenes was long beyond the capabilities of tech, particularly if those moments and scenes weren’t labeled in an obvious way.

Company Information

Company

Twelve Labs

Location

555 MISSION STREET

San Francisco, California, United States

About

Helping developers build programs that can see, hear, and understand the world as we do by giving them the world's most powerful video-understanding infrastructure.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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