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. (NASDAQ: VERI) is a pioneering technology company specializing in artificial intelligence (AI) and cognitive computing solutions. Founded in 2014, Veritone has developed a proprietary cloud-based platform, aiWARE, that revolutionizes the way unstructured audio and video data is processed, analyzed, and transformed into actionable intelligence. This innovative platform integrates an extensive ecosystem of best-of-breed cognitive engines, enabling seamless orchestration to derive multivariate insights from vast amounts of multimedia data.
Core Business Areas
Veritone operates across two primary business segments: Software Products and Services and Managed Services. The Software Products and Services segment generates revenue by providing AI-powered solutions to Commercial Enterprises and Government and Regulated Industries, leveraging its aiWARE platform. This includes subscription-based software offerings, support and maintenance services, and professional services for deployment and implementation. The Managed Services segment focuses on content licensing, advertising agency services, influencer management, and related solutions tailored to Commercial Enterprise clients.
Technological Ecosystem
The aiWARE platform is a cloud-based, open architecture system designed to integrate a wide variety of cognitive engines. This modular approach allows clients to customize and scale their AI solutions based on specific needs, making it a versatile tool for industries dealing with large volumes of unstructured data. By automating the analysis of audio and video content, Veritone enables organizations to uncover valuable insights, improve operational efficiency, and enhance decision-making processes.
Market Applications
Veritone’s solutions are widely applicable across multiple industries, including media and entertainment, legal, law enforcement, and government. For media companies, the platform facilitates content indexing, licensing, and monetization. In the legal and law enforcement sectors, it aids in evidence analysis and case management by processing audio and video recordings. Government agencies leverage Veritone’s AI capabilities for surveillance, compliance, and operational intelligence.
Global Presence
Headquartered in the United States, Veritone has expanded its footprint globally, with operations in the United Kingdom, France, Australia, Israel, and India. This international presence underscores its commitment to serving a diverse client base and addressing the growing demand for AI-driven solutions worldwide.
Competitive Differentiation
What sets Veritone apart in the competitive AI landscape is its focus on unstructured multimedia data and its ability to integrate multiple cognitive engines within a single platform. This flexibility and scalability make aiWARE a compelling choice for organizations seeking to harness the power of AI without being locked into a single technology provider. Additionally, the company’s expertise in both commercial and government sectors positions it uniquely to address complex and varied client needs.
Awards and Recognition
Veritone’s innovative approach has earned it accolades from prestigious industry forums, including the Red Herring Top 100 Award, Edison Awards, and the SIIA Business Technology CODiE Award for Best Native Advertising Platform or Service. These recognitions highlight its contributions to advancing AI technology and its practical applications.
In summary, Veritone, Inc. is a transformative force in the AI and cognitive computing space, enabling organizations to unlock the full potential of their audio and video data. Its proprietary aiWARE platform, diverse revenue streams, and global reach make it a key player in the ongoing digital transformation of industries worldwide.
Veritone (NASDAQ: VERI) will conduct a virtual Analyst Update and Tech Demo on
Veritone (NASDAQ: VERI) will co-host a virtual panel on November 9th, titled "US Law Enforcement Agency Transparency & How Technology Can Help." This initiative follows a national survey commissioned by Veritone, addressing LEA transparency and technology usage. The panel, featuring notable law enforcement leaders, aims to discuss survey findings and strategies to enhance transparency through technology. Jon Gacek of Veritone emphasized the increasing demand for tools that enable agencies to address public calls for transparency while managing manual labor requirements for compliance.
Veritone (NASDAQ: VERI) announced the full integration of its MARVEL.ai synthetic voice solution with the Wade & Wendy conversational AI platform, enhancing automated human voice interactions. This development aims to streamline recruitment processes, allowing organizations to make quicker and more informed hiring decisions. Terry Baker, CEO of PandoLogic, emphasized the integration's potential for expansion into virtual realities, while Ryan Steelberg, co-founder of Veritone, noted its ability to improve connections in recruitment and metaverse experiences.
Veritone, Inc (NASDAQ: VERI) has launched Veritone Contact, a software solution that streamlines RIPA (Racial Identity and Profiling Act) data collection for California law enforcement. With over 70 agencies already onboard, Veritone expects nearly 100 agencies to adopt this technology by early 2022, significantly reducing data collection time by 50%. This efficiency could save approximately
Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI solutions, will participate in several virtual investor events in November and December 2021. Key events include the Stifel Midwest One-on-One Growth Conference on November 11, the Needham Virtual Conference on November 17, and the Roth Technology Event on November 18. Additionally, Veritone will host a Virtual Analyst Update on November 19 and attend the UBS Global TMT Conference from December 6-8. For more details, visit Veritone's website.
Veritone, Inc. (NASDAQ: VERI) has announced its third quarter 2021 financial results conference call, scheduled for November 9, 2021, at 4:30 p.m. Eastern Time. The call will cover the company's financial performance, updates on business operations, and a Q&A session. Investors can participate via a live audio webcast or by dialing in, with pre-registration encouraged to avoid delays. Veritone is known for its aiWARE platform, which provides AI solutions for various sectors, enhancing operational efficiency and decision-making capabilities.
Veritone, Inc. (NASDAQ: VERI) announces an expansion of its aiWARE Government platform across all components of the U.S. Department of Justice (DOJ), achieving widespread Authority to Operate (ATO) for its AI solutions. This development includes support for Microsoft Azure Government, allowing DOJ agencies to efficiently process large data volumes. The federal government is set to invest over $6 billion in AI R&D in 2021, indicating significant growth potential for Veritone as it leads in AI adoption within federal applications.
Veritone, Inc (NASDAQ: VERI) has partnered with Bauer Media UK to enhance its project management and strategy teams' capabilities through Veritone Discovery. This AI solution quickly retrieves audio content buried within extensive libraries. The deployment aims to streamline marketing campaigns and improve efficiency by automating the search for relevant material. Veritone Discovery enhances the ability to track broadcasts and reduce manual tasks, allowing teams to focus more on delivering high-value campaigns.
Veritone, Inc. (NASDAQ: VERI) will host a conference call on November 9, 2021, at 4:30 p.m. ET to discuss its third quarter 2021 financial results, update on business operations, and hold a Q&A session. Interested participants can join via webcast or dial-in. Pre-registration is available to facilitate access. Veritone specializes in enterprise artificial intelligence, empowering organizations with its aiWARE platform to enhance efficiency and decision-making.
Veritone, Inc. has announced its first enterprise agreement for Veritone Attribute in New Zealand with MediaWorks, enhancing access to data-driven advertising insights. This AI-driven application will initially be deployed across MediaWorks' radio brands, offering advertisers near-real-time performance metrics to optimize campaigns and improve ROI. The partnership underscores the significance of AI-powered analytics in broadcasting, marking a substantial step in Veritone's expansion in the Asia-Pacific region.
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