New Delhi, July 6 -- SAN FRANCISCO - The most important unsolved problem in enterprise AI is not generating images or writing code. It is making video searchable the way Google made text searchable in 1998. A five-year-old startup spent its entire existence working on that problem, and on Tuesday it secured $100 million and a hardware commitment from one of the world's three largest cloud providers.

TwelveLabs, which builds software that allows machines to understand what is happening in video content, announced on July 1 that it closed a $100 million Series B co-led by NEA and NAVER Ventures, with Amazon participating directly as an investor alongside Radical Ventures, Korea Investment Partners, Index Ventures, Quadrille Capital, and Re...