San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Twelve Labs is raising $12,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jae Lee played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Twelve Labs

Helping developers build programs that can see, hear, and understand the world as we do by giving them the worlds most powerful video-understanding infrastructure. We believe that to understand video is to understand the world. Video is the most accurate way to capture the world’s stories as they are. By vastly enhancing the machine’s ability to understand videos, we will be one step closer to singularity and true human-AI symbiosis. Twelve Labs was founded with the shared sense of purpose of contributing to the achievement of singularity that will benefit humanity. By helping our customers build intelligent video applications of today and tomorrow, we are changing the paradigm of how video is accessed and consumed.

To learn more about Twelve Labs, visit http://twelvelabs.io/

Contact:
Jae Lee, Chief Executive Officer
800-559-6592

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