Search results for Twelve Labs
AI & Enterprise
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.
AI & Enterprise
Evolving software pricing plans; Chinese AI firms revise strategy
Software companies are rapidly changing pricing models to fit AI, moving beyond user- and usage-based plans toward outcome-based fees. HubSpot is switching AI agent pricing to charge only when tasks are completed successfully, while some firms price based on operating assets. China’s AI companies are also drawing attention, shifting from open-source expansion to launching closed models and pushing monetisation. The roundup also covers moves by OpenAI, Google, Microsoft, Oracle NetSuite, Anthropic, Box, Slack, Netflix, Apple and South Korean firms.
AI & Enterprise
Twelve Labs introduces video AI search on Gettyimagebank
Twelve Labs, a global video understanding AI company, said on March 23 it has integrated its multimodal AI model Marengo into Getty Images Korea’s image and video platform Gettyimagebank. The move allows users to search 270,000 pieces of content in natural language, targeting about 100,000 Getty Images Korea customers. The company said Marengo analyzes visual, audio and text information to find context-matching scenes.
