📝 Twelve Labs Raises $30M

Liam Gill
December 13, 2024

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Twelve Labs, a startup specializing in video-understanding AI, has raised $30 million in new funding, bringing its total to $107.1 million. With backers like Nvidia, Samsung, and In-Q-Tel, the company’s models enable advanced video search, content summarization, and analytics, catering to sectors like media, entertainment, and public safety. CEO Jae Lee emphasizes a video-first approach, distinguishing Twelve Labs from general-purpose multimodal AI models. The startup is also expanding its offerings to support multimodal embeddings and "any-to-any" search capabilities. Adding former SK Telecom CTO Yoon Kim as president, Twelve Labs aims to grow into new verticals, including security and automotive.

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2:49 PM • Dec 12, 2024

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