Head of Finance, Twelve Labs
More information about location
AI-enabled video understanding technology
Open for applications
AI-enabled video understanding technology
21-100 employees
Open for applications
More information about location
21-100 employees
Company mission
To help developers build programs that can see, listen, and understand the world by giving them the most powerful video understanding infrastructure.
Role
Who you are
- Proven experience developing and leading financial systems, strategies, operations, and policies at a tech company or startup
- Exceptional analytical, critical thinking, and financial modelling skills
- Demonstrated ability to collaborate and influence at a leadership level and work cross-functionally with diverse stakeholders
- Experience preparing a company for fundraising rounds
- A bonus if you have experience working with external investors and board members
What the job involves
- We are in search of a Head of Finance to play a pivotal role in driving and shaping our company's financial strategy
- You will be responsible for formulating and implementing financial plans that will unlock the full potential of our organization
- Collaborating closely with the founders and the leadership team, you will ensure that Twelve Labs is strategically positioned for sustainable and scalable growth, setting the stage for long-term success
- This role will require a hands-on approach, with a focus on leveraging financial insights to drive key business decisions and optimize our financial operations
- Report to the Head of Operations and collaborate with the CTO, Head of GTM, and CEO
- Own and create business and revenue models for future fundraising rounds
- Collaborate with our GTM team on pricing strategies
- Work with department heads to manage budget variances, handle invoice processing, and understand the cost and revenue drivers of the business, while ensuring GAAP compliance
- Prepare the company for a future audit, and present the financial model at board meetings and to future investors if necessary
Otta's take
Xav Kearney
CTO of Otta
Developing an algorithm that can understand text, or images is (relatively) straightforward. However, it becomes a lot more challenging when it’s required to understand video, where these modes fuse with audio and context becomes much harder to gauge.
Twelve Labs has developed a Machine Learning solution that can do just that, then make the inner content of the video indexable for developers and highly searchable for users.
This kind of tech could prove immensely valuable as its use cases go far beyond searchability for the end user. In theory it could be used for more accurate community guidelines monitoring on social media, enterprise knowledge search, and a better overall understanding of the value of video content.
Founded in 2021, Twelve Labs is still a relatively young startup. However Index Ventures, Radical Ventures, Expa, and Techstars have provided significant backing, showing that there’s plenty of confidence in the company’s potential.
Insights
Some candidates hear
back within 2 weeks
Company
Funding (last 2 of 5 rounds)
Jun 2024
$50m
SERIES A
Oct 2023
$10m
EARLY VC
Total funding: $77.2m
Company benefits
- Voluntary commuting, voluntary remote work and flexible work system (Work-from-anywhere & anyhow)
- Home office setup stipend
- Market-leading competitive compensation packages (salary, stock options, etc.)
Company HQ
SoMa, San Francisco, CA
Articles
Founders
Jae Lee
(CEO)After interning as a Software Engineer at Samsung and Amazon, they joined the Republic of Korean's Cyber Operations Command as a Lead Data Scientist. Co-founded Twelve Labs after this period of military service.
Aiden Lee
(CTO)Interned at Korea Advanced Institute of Science and Technology (KAIST) as a Deep Learning Researcher. Completed their National Defense duty as an AI & ML Engineer in the Cyber Operations Command.
Sung Jun (SJ) Kim
(Head Of Software Architecture)Like co-founders Aiden and Jae Lee, served for the Ministry of National Defense as a Lead Software Engineer in the Cyber Operations Command. Before this they were a Cyber Security Research Scientist at Sungkyunkwan University.
Dave Chung
(Head of Operations)Previously a Project Team Lead at the Institute of East and West Studies (IEWS) at Yonsei University, focusing on the planning and development of the Korean Web 3.0 ecosystem (Funded by the Ministry of ICT).
Soyoung Lee
(Head of Business Development)Worked in risk assurance for PricewaterhouseCoopers in Seoul before co-founding Twelve Labs.
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