Veritone, Inc. - VERI STOCK NEWS

Veritone (NASDAQ: VERI) has formed a strategic partnership with Stats Perform to integrate advanced AI voice solutions into sports reporting. This collaboration aims to deliver real-time sports updates using Veritone's synthetic voice technology and Stats Perform's Opta data. Key capabilities include multilingual commentary and enhanced accessibility for visually impaired audiences. The partnership emphasizes reaching global audiences and transforming fan engagement in sports through innovative content delivery.

Veritone (NASDAQ: VERI) has partnered with Exterro to enhance legal workflows by integrating Veritone Redact into Exterro's platform. This partnership automates the redaction of sensitive information in audio and video files, allowing users to streamline their e-discovery and compliance processes. With Veritone Redact, legal teams can efficiently manage public records requests and case deadlines, reducing manual efforts and ensuring the protection of personally identifiable information (PII). This solution is already utilized by over 275 public safety and justice agencies across the U.S.

Veritone, Inc. (NASDAQ: VERI) announced the integration of its Digital Media Hub with iconik’s cloud-native media management platform, streamlining content management and licensing. This collaboration enables media organizations to manage, share, and monetize their content more effectively. The integration allows users to quickly set up digital storefronts, enhancing monetization capabilities for previously unused digital assets. Veritone serves top media companies and major sporting events, providing AI-driven solutions that transform media management.

Veritone (NASDAQ: VERI) has launched its upgraded Veritone Voice platform following the acquisition of VocaliD. The new version includes over 70 premium voice models, numerous languages, and enhanced features like custom lexicons and speech-to-speech capabilities. Veritone Voice has gained recognition, winning awards such as IBC 2022 Best of Show. Since its launch, it has attracted nearly 3,000 users and demonstrated significant efficiency improvements in audio production, reducing turnaround time significantly. These upgrades position Veritone as a leading provider in AI voice solutions.

Veritone (NASDAQ: VERI) announces its participation at IBC2022 in Amsterdam, showcasing its AI-driven digital asset monetization solutions. The company emphasizes its role in the entertainment sector, helping major media organizations monetize content and enhance efficiency. Veritone’s aiWARE platform facilitates secure content management and rapid monetization. The firm serves top media companies and major sporting events, addressing challenges in content management amid the rise of Web3. The event takes place from September 9-12, 2022.

Veritone, Inc. (NASDAQ: VERI) has launched the Veritone Voice Network, a multilingual AI voice solution aimed at enhancing podcast monetization by creating synthetic voice models and localizing content. This service allows podcasters to break language barriers, engage new audiences authentically, and expand into international markets. Notable figures, including Doug Ellin and Kevin Connolly, endorse the initiative highlighting its potential for revenue growth and community building. Veritone aims to revolutionize content reach and profitability, supported by a newly expanded team for voice monetization.

Veritone, Inc. reported significant growth in Q2 2022, with revenue reaching $34.2 million, up 78% year-over-year. The company experienced a 229% increase in Software Products & Services revenue and a 16% growth in Managed Services revenue. New customer acquisition surged 42% to 594 clients, while total new bookings hit a record $14.6 million, reflecting a 197% increase. Despite a net loss of $3.2 million, Veritone ended the quarter with $220.5 million in cash and equivalents, indicating a strong liquidity position.

Veritone (NASDAQ: VERI) has partnered with AITHERAS to secure a contract with the Department of Justice (DOJ) for its Antitrust Division's (ATR) eDiscovery and litigation services. This contract will utilize Veritone’s aiWARE platform, enabling efficient transcription, translation, and redaction of critical legal data. Veritone’s tools, including Illuminate and Redact, will automate extensive data tasks, saving time and resources. The partnership enhances DOJ operations, streamlining workflows while addressing substantial data management challenges.

Veritone (NASDAQ: VERI) announces that its AI-driven platform, Veritone Voice, will enable entrepreneur David Meltzer to deliver his podcast content in Spanish. This innovation aims to expand Meltzer's audience beyond English-speaking markets, addressing production challenges associated with traditional translation methods. Veritone Voice allows for the creation of synthetic voices, helping to maintain authenticity while reducing costs. Meltzer emphasizes this technology as a means to reach a global audience effectively. Veritone's approach aligns with its mission to empower users through innovative AI solutions.