Twelve Labs Raises $5M in Seed Funding

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  • Twelve Labs recently announced that it has raised $5 million in seed funding. These are the details.

Twelve Labs – the video research and understanding company – recently announced that it has raised $5 million in seed funding. The company also announced the launch of a first-of-its-kind cloud-native API suite that enables full-featured video search in less than a second. Plus, Twelve Labs’ proprietary Video Comprehension AI system can locate exact moments almost instantly in massive video archives and makes video search as quick and easy as CTRL-F.

Index Ventures led Twelve Labs’ $5 million seed funding round and Index Partner Kelly Toole joined the board. And Radical Ventures, Expa, and Techstars Seattle also participated, along with angel investors Dr. Fei-Fei Li of Stanford University, Alexandr Wang, CEO of Scale AI, and Jack Conte, CEO of Patreon.

Twelve Labs technology can locate notable talking points in an organization’s vast Zoom recordings, urgently needed scenes in a media company’s footage archive, to identify sensitive content on a platform. form of streaming. And Twelve Labs’ Video Search API enables text-based semantic search as easy as CTRL+F. The cloud-native video understanding infrastructure is powered by an artificial intelligence system that understands visual and conversational contexts to make sense of any scene or video moment, without manual input.

Twelve Labs has also garnered support from some of AI’s brightest luminaries, including Fei-Fei Li (Stanford), Silvio Savarese (Stanford), Oren Etzioni (AI2), and Aidan Gomez (co-creator of Transformer), as well as founders of innovative companies such as Alexandr Wang (Scale), Aaron Katz (Clickhouse), John Kim (Sendbird), Dug Song (Duo Security), Jean Paoli (Docugami), etc.

KEY QUOTES:

“Videos are becoming the fundamental method by which we share, consume and store information online. And yet, despite their ubiquity, searching for videos today is largely based on simple things like keywords, tags, and titles. This leaves the richness of the actual content largely untapped. Twelve Labs is changing that with truly transformational technology that will power the next generation of video-centric products.

– Kelly Toole, Partner at Index Ventures

“There’s nothing in the world like Twelve Labs. We’ve tried so-called solutions from tech giants, and Twelve Labs is so far ahead of what they can do. Twelve Labs was not only easy to integrate , but he finds what’s valuable and the accuracy of the results is astounding Knowing that I can reliably access all the information we need in our video data opens new doors to areas of activity that we don’t than imagined.”

– Pedro Almeida, CEO and co-founder of Mindprober

“Twelve Labs has a true understanding of video through billions of AI parameters – and research is just the beginning. Our mission is to help developers create programs that can see, hear and to understand the world as we do by providing them with the most powerful video understanding infrastructure.

– Jae Lee, CEO and co-founder of Twelve Labs

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