Twelve Labs Earns $50 Million in Series A Co-led by NEA and NVIDIA's NVentures to Build Multimodal AI Future

Jun 04, 2024•about 1 year ago

Amount Raised

$50 Million

Round Type

series a

San FranciscoData And AnalyticsSoftware

Investors

Nvidia's N VenturesNea

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.

Company Information

Company

Twelve Labs

Location

San Francisco, California, United States

About

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.

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