Twelve Labs Raises $100 Million Series B as Amazon Invests and Signs Cloud Deal
Video AI startup Twelve Labs has raised $100 million in a Series B funding round led by NEA and Naver Ventures. Amazon participated in the financing and signed a simultaneous partnership deal with its cloud division, Amazon Web Services. The capital will fund the company's development of artificial intelligence models designed to make video content searchable and analyzable.
Nvidia, which previously backed Twelve Labs, joined other venture firms in the round. The funding and cloud partnership expand the company's infrastructure as demand grows for AI tools that can process visual media at scale. AWS typically supplies the high-performance computing environments required to train and deploy large machine learning models for enterprise clients.
From the sources (3 posts)
@businessTwelve Labs is raising $100 million from investors including Amazon, NEA Management and Naver Ventures, boosting its efforts to develop AI that can quickly search and analyze troves of video
@financialjuiceNvidia-backed Twelve Labs raises $100M from Amazon and VC funds. $NVDA
@techmemeTwelve Labs, which is building AI models to make video searchable and understandable, raised a $100M Series B co-led by NEA and Naver, and signs an AWS deal (@saritharai / Bloomberg) (Visit Techmeme dot com for the link and full context!)