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Full-Time

Head of Finance

Posted on 6/4/2024

Twelve Labs

Twelve Labs

51-200 employees

AI system for video content understanding

Hardware
AI & Machine Learning
Entertainment

Senior, Expert

San Francisco, CA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Requirements
  • Proven experience developing and leading financial systems, strategies, operations, and policies at a tech company or startup.
  • Exceptional analytical, critical thinking, and financial modelling skills.
  • Demonstrated ability to collaborate and influence at a leadership level and work cross-functionally with diverse stakeholders.
  • Experience preparing a company for fundraising rounds.
Responsibilities
  • Report to the Head of Operations and collaborate with the CTO, Head of GTM, and CEO.
  • Own and create business and revenue models for future fundraising rounds.
  • Collaborate with our GTM team on pricing strategies.
  • Work with department heads to manage budget variances, handle invoice processing, and understand the cost and revenue drivers of the business, while ensuring GAAP compliance.
  • Prepare the company for a future audit, and present the financial model at board meetings and to future investors if necessary.

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 its technology through an API. The goal is to make video content easily searchable and accessible for various industries.

Company Stage

Seed

Total Funding

$37.2M

Headquarters

San Francisco, California

Founded

2021

Growth & Insights
Headcount

6 month growth

36%

1 year growth

116%

2 year growth

346%
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Simplify's Take

What believers are saying

  • The recent $50 million Series A funding, co-led by NEA and NVIDIA's NVentures, provides substantial financial backing for future growth and innovation.
  • Partnerships with companies like CineSys and EMAM highlight Twelve Labs' expanding influence and potential for transformative industry collaborations.
  • Recognition as a 2023 Technology Pioneer by the World Economic Forum underscores the company's leadership and innovative capabilities in the AI sector.

What critics are saying

  • The rapidly evolving AI and video understanding market could see increased competition, potentially challenging Twelve Labs' market position.
  • Dependence on continuous technological advancements and high R&D costs may strain financial resources if not managed effectively.

What makes Twelve Labs unique

  • Twelve Labs' AI system excels in extracting and transforming video content into vector representations, enabling fast and scalable semantic search, which is a significant edge over traditional video search technologies.
  • The company's focus on providing an end-to-end infrastructure through an easy-to-integrate API makes it highly accessible for developers and product managers.
  • Their technology's ability to outperform both open-source and commercial models in video understanding sets them apart in the competitive AI landscape.
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