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TwelveLabs
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TwelveLabs

Video-understanding AI startup building search and analysis models for rights holders.

Last refreshed: 7 July 2026 · Appears in 1 active topic

Key Question

Why is a video-search AI startup suddenly worth $100m to sports and media investors?

Timeline for TwelveLabs

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Common Questions
What does TwelveLabs actually do?
TwelveLabs builds multimodal AI models, Marengo and Pegasus, that let users search video by meaning rather than manual tags, and automatically generate highlight clips and summaries.Source: event
How much money did TwelveLabs raise in July 2026?
TwelveLabs raised a $100m Series B on 1 July 2026, co-led by New Enterprise Associates and NAVER Ventures, with Amazon and Red Bull Ventures also participating.Source: event
Why is Red Bull Ventures investing in a video AI startup?
Red Bull Ventures backed TwelveLabs' sports-video vertical specifically, part of the same $100m round that saw Amazon formalise AWS as TwelveLabs' preferred cloud provider.Source: event

Background

TwelveLabs raised a $100m Series B on 1 July 2026, co-led by New Enterprise Associates and NAVER Ventures, with Amazon formalising AWS as its preferred cloud and Red Bull Ventures backing a dedicated sports-video vertical. Headcount tripled to roughly 178 over the year, with new offices in New York and London.

TwelveLabs builds multimodal video-understanding models, Marengo and Pegasus, that let customers search video archives by meaning rather than by manually tagged metadata, and automatically generate highlight clips and summaries from raw footage. That search-by-meaning approach targets the same problem broadcasters and rights-holders have long solved with expensive manual logging.

The round, and the AWS and Red Bull Ventures tie-ins specifically, position TwelveLabs as the leading independent video-AI vendor courting sports and media production budgets, at the same time as ElevenLabs is separately exploring a tender offer near a $22bn valuation. Together the two rounds mark a capital surge into AI tools built specifically for video and audio production, distinct from the general-purpose foundation-model race.

More questions
Is TwelveLabs bigger than ElevenLabs?
No. TwelveLabs' $100m raise values it FAR below ElevenLabs, which was separately in tender-offer talks near a $22bn valuation around the same time, though the two are not direct competitors.Source: event