Twelve Labs, the video search and understanding company, announced the launch of a first-of-its-kind cloud-native suite of APIs that enable comprehensive video search in less than one second.

Index Ventures led Twelve Labs' $5 million seed funding round and Index partner Kelly Toole joined the board of directors. Radical Ventures, Expa and Techstars Seattle also participated, along with angel investors Dr. Fei-Fei Li of Stanford University, Alexandr Wang, CEO of Scale AI, and Jack Conte, CEO of Patreon.