TwelveLabs Raises $100 Million to Build the Next Generation of Video Intelligence

TwelveLabs has announced the acquisition of a $100 million series B round to fast-track their efforts towards the realization of their dream project, which involves the development of “video superintelligence”-an artificial intelligence framework that understands, reasons, and generates knowledge through video analytics, something that goes past traditional methods of video analytics. Co-led by NEA and NAVER Ventures, the series B round saw the participation of other major players in the market such as Amazon, Radical Ventures, Korea Investment Partners, Index Ventures, Quadrille Capital, and Red Bull Ventures; raising the total amount of financing to more than $200 million.+

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The tech created by the company aims to make large-scale video archives searchable and meaningful so that people can get insights from videos which were hard to understand till date. TwelveLabs’ technology currently caters to customers in sectors including media and entertainment, public, security, sports, ads, and automotive industry, indicating the increased need for intelligent machines which can make sense of videos using context clues. TwelveLabs has also solidified its partnership with Amazon Web Services as their preferred cloud provider and future model will be optimized on AWS Trainium chips. It signifies the quick rise of video intelligence as the basis for next-gen AI solutions and autonomous agents.

Read Complete Post: TwelveLabs Raises $100 Million in Series B Funding to Build Video Superintelligence