New Enterprise Associates

New Enterprise Associates co-led TwelveLabs' $100m Series B, announced 1 July 2026, alongside NAVER Ventures, as the video-understanding AI startup's headcount tripled to roughly 178 in a year.

Founded in 1977, NEA is one of the largest and longest-running venture capital firms in the United States, investing across enterprise software, healthcare, fintech and, increasingly, AI infrastructure and applications, from early-stage rounds through to growth-stage deals.

Its participation gives TwelveLabs a backer with decades of pattern-matching on which enterprise AI bets scale, and signals that established venture money still sees room in video-understanding AI even as the wider sector consolidates around a handful of well-funded leaders.