Radical Ventures, a venture capital firm, led a $12m funding round in Twelve Labs, a search and understanding company, with participation from Index Ventures, WndrCo, Spring Ventures, Jay Simons, Nicolas Dessaigne and Lukas Biewald. The company intends to use the funds to add product features and conduct ongoing research, and to continue building out its commercial, multi-billion-parameter scale foundation model for video understanding.