Twelve Labs Raises $30 Million in Funding

Twelve Labs Raises $30 Million in Funding

Twelve Labs, a San Francisco, CA-based video understanding AI company, has raised $30 million in funding.

Backers in the round include leading infrastructure providers such as Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures, and In-Q-Tel.

The company will utilize the funds to scale research and development (R&D), expand its team, and accelerate customer-focused innovation.

Twelve Labs is a software company that develops advanced multimodal AI models, including its proprietary Marengo and Pegasus models, designed to analyze and interpret video content with human-like understanding. The company’s cutting-edge video understanding technology enables organizations to discover valuable insights and moments within vast libraries of video content, empowering users to achieve more and learn faster. Headquartered in San Francisco, Twelve Labs also operates an APAC office in Seoul.

Funding Details

Company: Twelve Labs, Inc.

Raised: $30.0M

Round: Undisclosed

Funding Date: December 2024

Investors: Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures, In-Q-Tel

Company Website: https://www.twelvelabs.io/

Software Category: AI Video Understanding Solutions