Twelve Labs Raises $103M in Series B

Twelve Labs has successfully raised $103M in a Series B at a $300M valuation led by NEA, NVIDIA.

Company Overview

Twelve Labs is a AI/ML company headquartered in San Francisco, CA, founded in 2021 with 80+ employees.

Video understanding AI platform

Fundraising Details

Amount Raised: $103M
Round Type: Series B
Valuation: $300M
Date: 2024-07-10
Investors: NEA, NVIDIA

About Twelve Labs

Video understanding AI platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Francisco, CA
Founded: 2021
Team Size: 80+
Industry: AI/ML

What This Means

This funding round demonstrates strong investor confidence in Twelve Labs's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Twelve Labs's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $300M valuation marks an important milestone for Twelve Labs, positioning the company among notable players in the AI/ML industry.

Looking Ahead

With this new capital, Twelve Labs is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-10. For more information about Twelve Labs, visit their headquarters at San Francisco, CA.