Twelve Labs secures nearly $1.2 billion in funding, backed by Amazon and Nvidia, to lead video AI development - BigGo Finance
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| Source: Mastodon | Original article
Twelve Labs raises approximately ¥16 billion, backed by Amazon and Nvidia.
Twelve Labs, a startup specializing in video AI, has secured approximately $1 billion yen (around $1 billion USD) in series B funding. This investment round was led by prominent backers including Amazon, NEA, and Naver Ventures, marking a significant milestone for the company. As a result, Twelve Labs has now received investments from both Nvidia and Amazon, making it the first Korean AI startup to gain support from leading tech giants in both AI semiconductor and cloud computing.
This development matters as it underscores the growing importance of video AI technology and the competitive landscape of the industry. Twelve Labs' focus on building AI models that make videos searchable and understandable is poised to revolutionize how businesses and individuals interact with video content. The investment will likely accelerate the development of Twelve Labs' multi-modal foundation model, enabling native video understanding.
Looking ahead, it will be crucial to watch how Twelve Labs utilizes this funding to expand its operations and strengthen its partnership with Amazon Web Services (AWS). As the company aims to make vast video archives more accessible and usable, its progress will be closely monitored by industry observers and competitors alike. With this significant investment, Twelve Labs is well-positioned to drive innovation in the video AI space and further solidify its position as a leader in the field.
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