Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
A huge congratulations to @twelve_labs on its $50M Series A co-led by @NEA and @nvidia. Thrilled to welcome @lucktm, @annbordetsky and @ChaseOverlie to the party. Just getting started! https://t.co/lmHobOCYdI
BREAKING NEWS! Twelve Labs Earns $50 Million Series A Co-led by NEA and NVIDIA’s NVentures to Build the Future of Multimodal AI -- https://t.co/F5NUnVRXEM #AI #GenAI @twelve_labs @nvidia
"AI can’t understand 80% of the world's data because it’s locked in video content. We build the keys to unlock it" -- @_jae_lee @twelve_labs is the platform for multi-modal video understanding and we are thrilled to lead their Series A together with @nvidia's N-ventures,…
Nvidia, alongside NEA, has co-led a $50 million Series A investment in Twelve Labs, a company focused on multimodal AI for video content analysis. The investment round also saw participation from Index Ventures, Radical Ventures, and Korea Investment Partners. Twelve Labs, founded by Korean-born engineers, aims to enhance the efficiency and deployment of multimodal AI in the enterprise sector. The company's platform seeks to unlock the vast amounts of data contained in video content, which traditional AI struggles to understand. This funding will support Twelve Labs in advancing its technology and expanding its market reach. Nvidia's NVentures and Twelve Labs' CTO Aiden Lee were also highlighted in the announcement.
