Twelve Labs Raises $100 Million Series B as AWS Signs Multiyear Trainium Deal
Updated
Updated · Bloomberg · Jul 1
Twelve Labs Raises $100 Million Series B as AWS Signs Multiyear Trainium Deal
3 articles · Updated · Bloomberg · Jul 1
Summary
$100 million in Series B funding will help Twelve Labs expand AI tools that search and analyze large volumes of video, with Amazon, NEA and Naver Ventures among the backers.
NEA and Naver co-led the round, which also drew Radical Ventures, Index Ventures and Korea Investment Partners, extending support for the Nvidia-backed startup.
AWS paired its investment with a multiyear hosting agreement under which Twelve Labs will run workloads on Trainium chips and launch new models on the cloud service for developers building AI applications.