Twelve Labs Earns $50 Million in Series A Co-led by NEA and NVIDIA's NVentures to Build Multimodal AI Future
Twelve Labs Earns $50 Million in Series A Co-led by NEA and NVIDIA's NVentures to Build Multimodal AI Future
06/04/24, 3:13 PM
Location
san franciscoMoney raised
$50 million
Industry
data and analytics
software
Round Type
series a
Investors
Nvidia's N Ventures, Nea
Twelve Labs has raised $50 million in a Series A funding round co-led by NEA and NVIDIA's NVentures. The company aims to build the future of video understanding and multimodal AI with the released state-of-the-art multimodal embedding model, Marengo-2.6, and the beta of Pegasus-1, a video-language modeling solution.
Company Info
Location
san francisco, california, united states
Additional Info
Twelve Labs makes video instantly, intelligently searchable and understandable. Twelve Labs' state-of-the-art video understanding technology enables the accurate and timely discovery of valuable moments within an organization's vast sea of videos so that users can do and learn more. The company is backed by leading venture capitalists, technology companies, AI luminaries, and successful founders. It is headquartered in San Francisco, with an APAC office in Seoul.