Twelve Labs Earns $50 Million in Series A Co-led by NEA and NVIDIA's NVentures to Build Multimodal AI Future
Amount Raised
$50 Million
Round Type
Series A
San FranciscoInformation TechnologySoftwareVideoData And AnalyticsAnalyticsInvestors
Description
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.
Quick answer
Twelve Labs raised $50 Million in a Series A round, dated June 4, 2024. Investors: NVentures and New Enterprise Associates. Twelve Labs is based in San Francisco, California, United States.
- How much did Twelve Labs raise?
- Twelve Labs raised $50 Million in a Series A round on June 4, 2024.
- Who invested in Twelve Labs?
- NVentures and New Enterprise Associates are named as investors in this round.
- What does Twelve Labs do?
- 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.
- Where is Twelve Labs based and how big is it?
- Twelve Labs is based in San Francisco, California, United States. Fundz records about 176 employees.
- Who are the decision-makers at Twelve Labs?
- Fundz holds 1 contact at Twelve Labs, including the Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who to call at Twelve Labs, and when
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