Twelve Labs Makes Searching Inside Videos Simple And Powerful, Propelled By $5M Seed Round
03/16/22, 1:02 PM
Money raised
$5 million
Industry
data and analytics
software
Round Type
seed
With video making up more and more of the media we interact with and create daily, there’s also a growing need to track and index that content. What meeting or seminar was it where I asked that question? Which lecture had the part about tax policies? Twelve Labs has a machine learning solution for summarizing and searching video that could make quicker and easier for both consumers and creators.
Company Info
Additional Info
The capability the startup provides is being able to put in a complex yet vague query like “the office party where Courtney sang the national anthem” and instantly get not just the video but the moment in the video where it happens. Most of our beta partners have tried these big companies’ so-called solutions and then came to us.”The company has raised a $5M seed round to take it from beta to market; Index Ventures led the round, with Radical Ventures, Expa and Techstars Seattle participating, plus angels including Stanford’s AI leader Fei-Fei Li, Scale AI CEO Alex Wang, Patreon CEO Jack Conte, and Oren Etzioni of AI2. Twelve Labs has a machine learning solution for summarizing and searching video that could make quicker and easier for both consumers and creators. Twelve Labs claims to have built something along these lines with its video understanding system.