Twelve Labs, the video understanding company, today announced that CB Insights named it to the eighth-annual AI 100, showcasing the 100 most promising private AI companies of 2024. This marks the third consecutive year that Twelve Labs has made the list, something it has accomplished each year since its founding.

"AI is taking off at lightning speed, and it's not just big tech companies at the forefront of it," said Deepashri Varadharajan, director of AI research at CB Insights. "Our AI 100 winners – many of them early stage startups, some with very small teams – are pushing the boundaries of AI in everything from game development and battery design to agentic AI systems."

"From inception, Twelve Labs has been dedicated to developing multimodal foundation models that understand video, and accurately represent the human experience. We are proud to be consistently recognized among the world's most innovative AI companies"

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The 100 winners were chosen based on several factors, including CB Insights' data on deal activity, industry partnerships, team strength, investor strength, patent activity, and proprietary Mosaic Scores. We also analyzed CB Insights' exclusive interviews with software buyers and dug into Analyst Briefings submitted directly to us by startups.

Twelve Labs is building AI that perceives reality the way that humans do through video understanding. It models the world by shipping next generation multimodal models, pushing the boundaries of video understanding.

Quick facts on the 2024 AI 100:

• 16 countries represented, from the US to France to South Africa

• 30+ categories of solutions, from foundation models to humanoids

• 68% early-stage startups building virtual worlds, autonomous factories, language models for under-represented languages, and more

• 600+ business relationships since 2016 with industry leaders like Toyota, Netflix, and the World Bank

About CB Insights

CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.

About Twelve Labs

Twelve Labs makes video instantly, intelligently searchable and understandable. Twelve Labs' state-of-the-art video understanding technology enables the accurate and timely discovery of valuable moments within an organization's vast sea of videos so that users can do and learn more. The company is backed by leading venture capitalists, technology companies, AI luminaries, and successful founders. It is headquartered in San Francisco, with an APAC office in Seoul. Learn more at twelvelabs.io.

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