[Twelve Labs in Talks for $100M Series B Funding to Develop AI Technology for Rapid Video Content Search and Analysis] BlockBeats News, July 2: Twelve Labs is raising $100 million in funding from investors including Amazon, NEA, and Naver Ventures to advance its AI technology for rapid search and analysis of massive video data. The NVIDIA-backed startup stated that this Series B funding round is co-led by NEA and Naver Ventures, with participation from Radical Ventures, Index Ventures, Korea Investment Partners, and others. Meanwhile, Amazon Web Services (AWS) has signed a multi-year partnership agreement with the company, utilizing its proprietary Trainium chips to support AI model workloads. AWS also plans to launch new models on its platform, enabling developers to build AI applications. Twelve Labs was founded by a Korean-American engineer and is headquartered in San Francisco, USA. The company focuses on developing AI models capable of "understanding and retrieving video content," making vast video archives searchable and analyzable, thereby enhancing content utilization efficiency and commercialization potential. Click the original link below to join the Beating · Feishu AI News Channel for 24/7 global AI news and updates. [Original Link]