Welcome to our dedicated page for Veritone news (Ticker: VERI), a resource for investors and traders seeking the latest updates and insights on Veritone stock.
Veritone, Inc. (symbol: VERI) is a pioneering company specializing in advanced artificial intelligence (AI) computing solutions and services. Founded in 2014, Veritone has swiftly risen to prominence with its proprietary AI-based cognitive computing platform that allows for the seamless processing, transformation, and analysis of unstructured audio and video data. This innovative platform, known as aiWARE, integrates a robust ecosystem of various top-tier cognitive engines, enabling businesses to extract valuable insights from vast amounts of media data.
Veritone's core business revolves around the delivery of its software products and services. The company serves a diverse clientele, including Commercial Enterprises and Government and Regulated Industries. Through its aiWARE platform, Veritone offers a range of services, including content licensing, advertising agency functions, influencer management, and related professional services. These solutions are designed to support clients in deploying and implementing efficient AI-driven strategies.
With a strong presence across multiple continents, including the United States, the United Kingdom, France, Australia, Israel, and India, Veritone's reach and influence are widespread. The company's ability to generate revenue stems from both its Software Products and Services and its Managed Services. This dual revenue stream underscores Veritone's strategic approach to market penetration and growth.
Veritone has garnered significant recognition in the industry, evidenced by accolades such as the Red Herring Top 100 Award, the Edison Awards, and the SIIA Business Technology CODiE Award for Best Native Advertising Platform or Service. These honors highlight the company's commitment to innovation and excellence in AI technology.
Recent developments at Veritone include ongoing enhancements to its aiWARE platform, expanding its capabilities to provide even more profound and actionable intelligence from multimedia data. The company's continuous improvement efforts ensure that it remains at the forefront of the AI industry, delivering cutting-edge solutions to its clients worldwide.
Veritone has announced an extension of its collaboration with Amazon and AWS to enhance services for Media & Entertainment clients. The partnership aims to transform how content creators manage and monetize assets using aiWARE, Veritone's AI platform, combined with AWS capabilities. This extension reaffirms Veritone’s commitment to modernizing content production. With services like Digital Media Hub, M&E brands can streamline data management and uncover valuable content while capitalizing on new revenue opportunities.
Veritone, Inc. (NASDAQ: VERI) has announced a strategic partnership with AINS, LLC to enhance its FOIAXpress platform. This collaboration will automate the redaction of sensitive information in audio and video records, accelerating public records requests while ensuring compliance with FOIA privacy laws. The integration of Veritone Redact will streamline the workflow, significantly reducing time and costs for government agencies handling over 800,000 FOIA requests annually, with a notable rise in multimedia data due to new surveillance technologies.
Veritone (NASDAQ: VERI) announced that Positive Energy has selected its iDERMS Forecaster to enhance sustainability through accurate predictions of EV battery lifespan. This collaboration aims to repurpose EV batteries for second-life applications and improve energy service efficiency. Veritone's AI technology will provide essential insights into battery health, enhancing operational oversight. Both companies emphasize the importance of addressing climate challenges and maximizing battery utility in a circular economy.
Veritone (NASDAQ: VERI) announced its participation in the BofA SMID Cap Ideas Conference on August 10, 2022. CFO Mike Zemetra and SVP Investor Relations Brian Alger will take part in a moderated fireside chat from 10:30 to 11:10 a.m. Eastern Time, with a live audio webcast available on Veritone’s investor relations website. The company offers enterprise AI solutions that enhance operational efficiency for organizations across various sectors. For one-on-one meetings, interested parties should contact their BofA representative or reach out to Veritone's investor relations.
Veritone (NASDAQ: VERI) has partnered with Empower Energies to provide an optimized distributed energy resource (DER) sizing solution for a multi-facility project in the Electric Reliability Council of Texas (ERCOT). Utilizing the AI-driven iDERMS Designer, Veritone aims to enhance battery energy storage system performance, reduce energy costs, and maximize revenue opportunities through energy arbitrage and demand response programs. This collaboration highlights Veritone's commitment to advancing renewable energy technologies and supporting grid stability.
Veritone, Inc. (NASDAQ: VERI) has scheduled its second quarter financial results conference call for August 9, 2022, at 4:30 p.m. ET. This call will include a discussion of the company’s Q2 results, business updates, and a Q&A session. Participants can join via a live audio webcast or by pre-registering to obtain a dial-in number. Veritone is a leader in enterprise AI software, helping organizations enhance efficiency and decision-making through its aiWARE platform, which integrates various machine learning models.
Veritone, Inc. (NASDAQ: VERI) has been recognized in the 2022 Guidehouse Insights Leaderboard Report for Virtual Power Plant (VPP) Platform Vendors. Its intelligent distributed energy resource management solution, iDERMS, leverages AI for real-time energy forecasting and control, enhancing reliability and supporting resilient power grids. The report evaluated 16 vendors based on criteria such as market strategy and technology scope, highlighting Veritone’s strength and contributions to energy transformation.
Veritone has partnered with PROGRESS to enhance its operations by utilizing the Veritone Digital Media Hub for its historic German film archive. This integration allows PROGRESS to automate cataloging and licensing, translating its user interface into German as the first of six planned languages for 2022. The Digital Media Hub provides real-time indexing, enabling efficient tagging and monetization of over 20,000 films. This advancement is aimed at improving access for German-speaking historians, broadcasters, and filmmakers, ultimately streamlining workflows and enhancing customer experience.
Veritone, Inc. (NASDAQ: VERI) has announced the hiring of seven individuals for its synthetic voice solution business. As part of their employment, the Board of Directors granted equity awards including stock options for a total of 19,500 shares and restricted stock units for 32,425 shares. The stock options have a ten-year term with an exercise price of $6.61 per share and vest over four years. The restricted stock units vest over two years. The new hires are not executive officers, indicating a focus on enhancing operational capabilities in AI solutions.
Veritone, Inc. (NASDAQ: VERI) has acquired VocaliD, Inc., enhancing its Veritone Voice offerings for commercial enterprises. This acquisition allows Veritone to manage the entire voice creation lifecycle, integrating VocaliD's robust voice models and technology. The partnership aims to create a synthetic voice model of Walter Cronkite for educational projects. With this acquisition, Veritone expands its addressable market and enhances client services by offering more sophisticated voice solutions.
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