Twelve Labs Raises $12 Million Seed Extension and Teams With Oracle to Bring Foundation AI Model for Video Understanding to Market
Atlassian Corporation - Class A (TEAM)
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Source: PR Web
SAN FRANCISCO (PRWEB) December 05, 2022 Twelve Labs, the video search and understanding company, today announced that amid significant product advances, the company has closed a $12 million seed extension round, following its initial seed fundraise last spring. This round brings the company's total seed funding to $17 million. Radical Ventures led the latest round, with participation from existing investors including early seed lead Index Ventures. New investors include Jeffrey Katzenberg's WndrCo and Spring Ventures, as well as notable angels Jay Simons (General Partner at Bond and former President of Atlassian), Nicolas Dessaigne (Founder and former CEO of Algolia), and Lukas Biewald (Founder and CEO of Weights & Biases).Rob Toews, Partner at Radical Ventures, has joined the Twelve Labs board of directors."Twelve Labs is opening up entirely new possibilities for the future of video," said Toews. "The team's deep commitment to research and ongoing innovation is driving an entire ind
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News
- Atlassian Corporation (NASDAQ:TEAM) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Atlassian Co. (NASDAQ: TEAM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Atlassian Co. (NASDAQ: TEAM) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $300.00 to $250.00. They now have an "outperform" rating on the stock.MarketBeat
- Atlassian Co. (NASDAQ: TEAM) had its price target lowered by analysts at TD Cowen from $220.00 to $210.00. They now have a "hold" rating on the stock.MarketBeat
- Atlassian (TEAM) Q3 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
TEAM
Earnings
- 4/25/24 - Beat
TEAM
Sec Filings
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- 5/6/24 - Form 4
- TEAM's page on the SEC website