Naver completed the investment in TwelveLabs.

Synopsis

Naver, a provider of Internet site with web portal services, completed the investment in TwelveLabs, a video intelligence platform. Financial terms were not disclosed. “AI is not something we can do alone. Naver will invest with everything it has — to survive and move forward,” Lee Hae-jin Naver founder.

Principals

target

TWELVELABS

bidder

Naver Corporation

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Market Context

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Seller Team (1)

jae lee

Co-Founder and CEO at TWELVELABS

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

hae-jin lee

Founder at NAVER CORPORATION

Manager

bidder

Deal

n/a

Total Value

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