Tech Company Financing Transactions
Twelve Labs Funding Round
Twelve Labs secured a $50 million Series A financing round on 6/5/2024. Investors included New Enterprise Associates, Nventures and Index Ventures.
Transaction Overview
Company Name
Announced On
6/5/2024
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series A
Investors
New Enterprise Associates (Lead Investor)
Nventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand its R&D, nearly double headcount and to add more than 50 employees by the end of the year.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
7th Floor, 8, Gangnam-daero 53-gil Seocho-gu
Seoul, Undisclosed
South Korea
Seoul, Undisclosed
South Korea
Phone
Undisclosed
Website
Email Address
Overview
Provider of data collection and distribution platform intended to capture all offline visitor behaviors. The company's platform offers a database that uses computer vision for retailers and brands to collect real insights about customers, enabling users to captures customers' behaviors to improve their revenues.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jaesung Lee
Chief Operating Officer
Dave Chung
Chief Technical Officer
Aiden Lee
Co-Founder
Soyoung Lee
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Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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