Twelve Labs: Raises $5M in Seed Funding

Twelve Labs Raises $5M in Seed Funding

• 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
• The company intends to use the funds to continue to expand operations and its business reach
• TwelveLabs 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
• TwelveLabs also has an APAC office in Seoul