Fenwick Represents Twelve Labs in $30M Funding

Fenwick represented Twelve Labs, a video understanding company that provides industry-leading video AI solutions, in its $30 million funding. The round included investments from Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures and In-Q-Tel (IQT). As part of their respective investments, Databricks and Snowflake will deliver Twelve Labs’ capabilities to users through interoperability with their vector databases.

Twelve Labs will use the funds to accelerate development of key initiatives in addition to hiring. The funds will also be used to meet customer demand and further its R&D efforts. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Alan Smith and included associates Shweta Kumar, Teresa Anselmo, and Kosha Patel.