FUNDING
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FUNDING$50M Series A
P-1 AI Raises $50M to Automate Engineering Design
P-1 AI raised a $50M Series A led by NEA for Archie, an AI agent that performs mechanical and electrical design work -- one of the few funding stories this week aimed at industrial engineering rather than software.
FUNDING
TwelveLabs Raises $100M Series B to Build 'Video Superintelligence,' Deepens AWS Partnership
FUNDING$100M
TwelveLabs Raises $100M Series B to Build 'Video Superintelligence,' Deepens AWS Partnership
TwelveLabs closed a $100 million Series B on July 1, co-led by NEA and Naver Ventures with Amazon participating directly, pushing total funding above $200 million. The company builds foundation models that understand video the way humans do, and is expanding from video-understanding models into a full-stack agentic system combining perception, knowledge and reasoning, while committing AWS Trainium as its preferred inference chip.