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Twelve Labs raises $100 million in additional funding, expands AWS alliance

Video-understanding AI foundation model developer Twelve Labs said on Tuesday it raised $100 million in Series B funding to pursue general intelligence beyond basic video understanding. The round was co-led by NEA and Naver Ventures, with participation from Amazon, Radical Ventures, Korea Investment Partners, Index Ventures, Kadriyu Capital and Red Bull Ventures. Twelve Labs said its total funding has surpassed $207 million and it will deepen cooperation with Amazon Web Services.