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- Twelve Labs
Twelve Labs Funding, Investors & Competitors
Twelve Labs has raised $207M across 7 funding rounds, most recently a $100M Series B in June 2026.
Last Twelve Labs funding round
$100M
Series B · Jun 2026
Cumulative funding Twelve Labs raised
$207M
across 7 funding rounds
Key investors in Twelve Labs
Index Ventures
Korea Investment Partners
Radical Ventures
New Enterprise Associates
WndrCo
NVentures
Samsung NEXT
Amazon
About Twelve Labs
Twelve Labs is a San Francisco-headquartered provider of an AI-powered video intelligence platform enabling search, analysis, and insights from vast video collections via multimodal models like Marengo for cross-modal retrieval and Pegasus for video-to-text tasks such as summarization and Q&A. It offers API access, a playground interface, and serves enterprises with research-backed foundation models.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Usage-based
Twelve Labs Funding History
Twelve Labs has raised a total of $207M across 7 funding rounds.
Twelve Labs' first fundraising round was a $100K pre-seed round in January 2021. The most recent completed round was a $100M Series B in June 2026.
Twelve Labs funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2026 | Series B | Naver Ventures (lead); New Enterprise Associates (lead); Index Ventures; Amazon; Korea Investment Partners; Radical Ventures; Quadrille Capital; Red Bull Ventures | $100M | Twelve Labs Co. raised $100 million in a Series B round on July 1, 2026, co-led by NEA Management Co. and Naver Ventures, with participation from Amazon.com Inc., Radical Ventures, Korea Investment Partners Co., Index Ventures, Quadrille Capital, and Red Bull Ventures. The round brings Twelve Labs' total funding to approximately $167 million across three rounds since its 2022 inception, though some sources cite total funding exceeding $200 million. No valuation was disclosed for the round, which is notable given the trend of generation-layer rounds publishing their valuations. Strategically, Amazon Web Services (AWS) signed a multiyear contract to host Twelve Labs' video inference workloads on AWS Trainium chips, and the company agreed that its new frontier models will launch first on AWS, formalizing AWS as Twelve Labs' preferred cloud provider. Twelve Labs plans to use the new capital to accelerate research and development, build a Video Cognition System integrating perception, memory, and reasoning, and expand geographically by opening offices in New York and London alongside its existing San Francisco and Seoul bases. The company, founded by Korean engineers and backed by Nvidia Corp., has half its workforce in Seoul and serves as a strategic partner to the world's largest cloud provider. |
| Dec 2024 | Series A | Han River Partners; SK Telecom; HubSpot Ventures; Korea Investment Partners; Snowflake Ventures; Databricks Ventures; IQT | $30M | Twelve Labs, a San Francisco-based AI company specializing in video understanding, raised $30 million in an undisclosed round on December 12, 2024, from strategic investors including Databricks Ventures, Snowflake Ventures, SK Telecom, HubSpot Ventures, In-Q-Tel (IQT), and others such as Han River Partners and Korea Investment Partners. The funding brings the company's total capital raised to $107.1 million. Twelve Labs develops proprietary multimodal AI foundation models like Marengo 2.7 and Pegasus, enabling human-like video analysis for semantic search, summarization, Q&A, and insights from vast video libraries, targeting media, entertainment, sports leagues, film studios, content creators, and enterprises with large video archives. The investment validates Twelve Labs' technology amid exploding video content needs, with integrations into platforms like Databricks' Mosaic AI Vector Search and Snowflake for efficient large-scale video processing. Funds will accelerate R&D on video AI models, expand the team with top AI talent, drive customer innovation, and strengthen global enterprise strategies, including a new APAC office in Seoul and hiring Dr. Kim for business leadership. CEO Jae Lee highlighted partnerships with leading data platforms to deliver video foundation models to trusted infrastructure. Customers span professional sports, major studios, and large content developers, with the round timed to the release of Marengo 2.7 featuring a multi-vector video understanding approach for superior results. Strategic backers like Databricks Ventures emphasize Twelve Labs' role in filling AI ecosystem gaps for video, enabling advanced multimodal representations and future tooling within their platforms. |
| Jun 2024 | Series A | New Enterprise Associates (lead); NVentures (lead); Index Ventures; WndrCo; Korea Investment Partners; Radical Ventures | $50M | Twelve Labs is a San Francisco-based video understanding company founded in 2021 that develops multimodal AI foundation models for video, audio, and image understanding. The company's flagship models include Marengo-2.6 (generally available) and Pegasus-1.0 (in beta), which enable tasks such as semantic video search, summarization, and text-to-video matching. These models integrate NVIDIA frameworks including H100 and L40S GPUs as well as inference services like NVIDIA Triton and TensorRT. In June 2024, Twelve Labs closed a $50 million Series A funding round co-led by New Enterprise Associates (NEA) and NVentures (NVIDIA's venture capital arm), with participation from Index Ventures, Radical Ventures, WndrCo, and Korea Investment Partners. This round brought total raised to approximately $77 million, following a $12 million seed extension in late 2022. The company planned to use Series A proceeds to expand research and development and nearly double its headcount to over 50 additional employees by year-end 2024. At the time of the Series A announcement, Twelve Labs reported 30,000 users utilizing its APIs across notable organizations in sports, media and entertainment, advertising, automotive, and security sectors. The company has established partnerships and integrations with companies including Vidispine, EMAM, and Blackbird. |
| Oct 2023 | Seed | Samsung NEXT; NVentures; Korea Investment Partners; Intel | $10M | - |
| Dec 2022 | Seed | Radical Ventures (lead); Lukas Biewald; Index Ventures; WndrCo; Spring Ventures; Nicolas Dessaigne; Jay Simons; Kyle Parrish; Jonathan Rosenbluth; Oliver Cameron | $12M | Twelve Labs develops AI for video search and understanding, combining natural language processing and computer vision to enable semantic search, chapterization, summarization, and other video tasks via API. The company launched in March 2021 and secured a $12 million seed extension round led by Radical Ventures, bringing total seed funding to $17 million following an initial $5 million seed. Investors included Index Ventures, WndrCo, Spring Ventures, and angels such as Jay Simons, Nicolas Dessaigne, Lukas Biewald, and others. By late 2022, Twelve Labs had paying closed beta customers across enterprise knowledge, content moderation, media analytics, contextual advertising, e-learning, and more, with a multiyear contract with Oracle for AI cloud infrastructure. Funds supported building a multi-billion-parameter foundation model for video understanding and team expansion, with around 18 employees at the time. The technology targets applications in social media, streaming, digital asset management, content moderation, and workplace productivity. |
| Mar 2022 | Seed | Index Ventures (lead) | $5M | Twelve Labs raised a $5M Seed funding round on March 16, 2022, led by Index Ventures with participation from Radical Ventures, Expa, Techstars Seattle, and angels including Dr. Fei-Fei Li, Alexandr Wang, and Jack Conte. The San Francisco-based company, founded in 2021, develops video foundation models and AI-powered infrastructure for video search, understanding, summarization, and analysis. Twelve Labs aims to enable developers to build applications that interpret videos with human-like perception across modalities like vision and audio. At the time, the 12-person team had outperformed tech giants including Microsoft's state-of-the-art models without prior venture funding. |
| Jan 2021 | Pre-seed | Techstars (lead) | $100K | - |
Who has invested in Twelve Labs?
26 investors have backed Twelve Labs across its funding rounds, including Index Ventures, Korea Investment Partners, Radical Ventures, New Enterprise Associates, WndrCo and NVentures.
Lead investors include Naver Ventures, New Enterprise Associates, NVentures, Radical Ventures, Index Ventures and 1 other investor.
Twelve Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2022 | ||
| 4 | Participant | Oct 2023 | ||
| 3 | Lead | Dec 2022 | ||
| 2 | Participant | Dec 2022 | ||
| 2 | Lead | Oct 2023 | ||
| 2 | Lead | Jun 2024 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
This data is available for Pro users. Sign up to see all 26 Twelve Labs investors. Start Free Trial | ||||
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Start Free TrialTwelve Labs Competitors
Twelve Labs competitors include listed companies like Presight AI and Snowflake, and private ones like ElevenLabs, Synthesia, Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $500M | - | $11B | 22.0x | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Private | $100M | - | $4B | 40.0x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x |
Twelve Labs Public Comps
Twelve Labs is still privately-owned, but its public comps include Palantir, CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's and RELX.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
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Common questions about Twelve Labs
| When was Twelve Labs founded? | Twelve Labs was founded in 2021. |
| Where is Twelve Labs headquartered? | Twelve Labs is headquartered in San Francisco, CA, United States. |
| Is Twelve Labs publicly listed? | No, Twelve Labs is a private, VC-backed company. |
| How much funding has Twelve Labs raised? | Twelve Labs has raised $207M across 7 funding rounds. |
| What was Twelve Labs' last funding round? | Twelve Labs' last funding round was a $100M Series B in June 2026, led by Naver Ventures and New Enterprise Associates. |
| Who are Twelve Labs' investors? | Twelve Labs' investors include Index Ventures, Korea Investment Partners, Radical Ventures, WndrCo, NVentures, New Enterprise Associates, Lukas Biewald, Han River Partners, SK Telecom, Samsung NEXT and 16 others. |
| Which companies are comparable to Twelve Labs? | Companies comparable to Twelve Labs include ElevenLabs, Presight AI, Synthesia, Anthropic, OpenAI and Snowflake. |
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