Twelve Labs, a San Francisco, Calif–based video search and understanding company, raised $5m in seed funding.
The round was led by Index Ventures with Index partner Kelly Toole joining the board of directors. 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, Jack Conte, CEO of Patreon, Silvio Savarese (Stanford), Oren Etzioni (AI2), and Aidan Gomez (co-creator of Transformer), as well as founders from innovative companies like Alexandr Wang (Scale), Aaron Katz (Clickhouse), John Kim (Sendbird), Dug Song (Duo Security), Jean Paoli (Docugami), etc.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Jae Lee, CEO and co-founder, Twelve Labs provides a video search and understanding platform which enables the discovery of valuable moments within an organization’s vast sea of videos so that users can do and learn more. The company’s proprietary video understanding AI system can locate exact moments almost instantly across massive video archives – and makes video search fast.
Twelve Labs also has an APAC office in Seoul.
FinSMEs
16/03/2022