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About Twelve Labs
Industries
Enterprise Software
AI & Machine Learning
Education
Company Size
51-200
Company Stage
Early VC
Total Funding
$107.1M
Headquarters
San Francisco, California
Founded
2021
Overview
Twelve Labs focuses on artificial intelligence and video understanding by developing a system that analyzes videos to extract key features like actions, objects, and speech. This information is transformed into vector representations, enabling fast semantic search within large video datasets. The company differentiates itself by providing a platform that is faster and more effective than many existing models, allowing developers and product managers to easily integrate the technology into their products through an API. Twelve Labs aims to make video content easily searchable and accessible across various industries.
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Simplify's Take
What believers are saying
- Growing interest in multimodal AI models boosts demand for Twelve Labs' technology.
- AI adoption in edtech presents expansion opportunities for Twelve Labs' client base.
- Strategic investments enhance Twelve Labs' multimodal video understanding technology.
What critics are saying
- Competition from major tech companies threatens Twelve Labs' market share.
- Rapid AI development may render Twelve Labs' models obsolete without continuous innovation.
- Regulatory changes in AI technology could impact Twelve Labs' operations significantly.
What makes Twelve Labs unique
- Twelve Labs offers a unique multimodal video understanding platform for developers.
- Their technology transforms video content into vector representations for fast semantic search.
- The company provides an end-to-end infrastructure with easy API integration for clients.
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Funding
Total Funding
$107.1M
Above
Industry Average
Funded Over
3 Rounds
New Enterprise AssociatesGrowth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 5%2 year growth
↑ 5%Google DeepMind, Cohere, and Twelve Labs explain how founders can build with their AI models at TechCrunch Sessions: AI.
Recognized for its innovation and impact, Twelve Labs has been featured on the prestigious CB Insights AI100 List for three consecutive years (2022-2024) and was named one of Fast Company's Most Innovative Companies in 2023.
In March, Twelve Labs released the multimodal model Marengo-2.6, which enables various video, text, image and audio search tasks and also launched a beta version of Pegasus-1, which is specifically designed to understand and articulate video content.
SK Telecom (NYSE: SKM) announced today that it will invest $3 Million in Twelve Labs, a video understanding company gaining major attention in the global AI industry.
Twelve Labs, a pioneering video understanding company, has announced a significant strategic investment of $30 million from major players including Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures, and In-Q-Tel(IQT).
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About Twelve Labs
Industries
Enterprise Software
AI & Machine Learning
Education
Company Size
51-200
Company Stage
Early VC
Total Funding
$107.1M
Headquarters
San Francisco, California
Founded
2021
There are no jobs for Twelve Labs right now.
Find jobs on Simplify and start your career today