Twelve Labs secured $30 million in funding from Databricks, SK Telecom, and Snowflake to advance its video understanding AI technology. The investment will accelerate R&D and integrate Twelve Labs' AI with major data platforms, enabling businesses to extract insights from video data.
The strategic investment from data giants like Databricks and Snowflake, coupled with their platform integrations, validates the critical need for enterprise-grade video understanding. This move positions Twelve Labs at the center of the data ecosystem, enabling businesses to unlock insights from unstructured video data. The appointment of a seasoned executive like Dr. Yoon Kim further signals a push for aggressive global expansion and solidifies its leadership in the competitive AI landscape.
Twelve Labs secures a $30 million strategic investment from major tech firms like Databricks, SK Telecom, and Snowflake.
The company will integrate its video understanding AI with Databricks and Snowflake platforms.
Funding will accelerate R&D for its multimodal foundation models and team expansion.
The company will integrate its video understanding AI with Databricks and Snowflake platforms.
Funding will accelerate R&D for its multimodal foundation models and team expansion.
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