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 sold its media agency, Veritone One, to Insignia Capital Group for up to $104 million. The divestiture aims to focus Veritone's strategy as a leading enterprise AI software provider. Key points include:
1. Net proceeds will be used to retire a significant portion of Veritone's term debt and fund future operations.
2. The transaction strengthens Veritone's balance sheet and liquidity.
3. Veritone will concentrate on accelerating the growth of its enterprise AI software and solutions, powered by its aiWARE platform.
4. The company exits the divestiture with over 3,000 enterprise AI & software customers across commercial and public sectors.
5. Insignia Capital Group simultaneously acquired Oxford Road, another leading audio advertising agency.
CEO Ryan Steelberg stated that this move is transformative for Veritone's mission to accelerate growth and focus on enterprise AI, positioning the company to capitalize on the growing demand for AI solutions.
Veritone, Inc. (NASDAQ: VERI) announced that Getac Technology will offer its customers Veritone Redact, an AI-powered software for streamlining the redaction process of video evidence from body-worn cameras, in-car video, interview rooms, and transport cameras. This integration into Getac's Evidence Management System will provide law enforcement agencies with an advanced tool for managing video evidence while ensuring compliance with privacy regulations.
Veritone Redact automatically detects and blurs sensitive information, reducing the time and effort required for manual redaction. This partnership aims to enhance transparency in law enforcement while maintaining privacy standards. The solution will be demonstrated at the International Association of Chiefs of Police (IACP) Annual Conference and Exposition in Boston, October 19-22.
Veritone, Inc. (NASDAQ: VERI) has announced its participation at the International Association of Chiefs of Police conference from October 19 to 22 in Boston. The company will showcase its AI solutions for law enforcement at booth 2201 in the Boston Convention and Exhibition Center. These solutions aim to help public safety agencies accelerate investigations, increase case clearance rates, and enhance public trust, transparency and operational efficiency.
Veritone will demonstrate several key products, including:
- Intelligent Digital Evidence Management System (iDEMS)
- AI-Powered Investigations tool Veritone Illuminate
- Redaction and Privacy Protection Tools
- Person and Vehicle Tracking with AI
- Advanced Transcription and Translation Services
- Suspect Identification tool Veritone IDentify
- Stop Data Collection with Veritone Contact
- HR & Talent Acquisition solutions
These AI-powered solutions are designed to help law enforcement agencies automate workflows, process data more efficiently, and comply with legal requirements while maintaining data security and privacy.
Veritone, Inc. (NASDAQ: VERI) has expanded automated data integrations for its Intelligent Digital Evidence Management System (iDEMS) to include Axon's Evidence.com and Milestone Systems XProtect. iDEMS leverages AI to streamline digital evidence management for law enforcement agencies, offering a central hub for disparate data sets with cognitive and generative AI processing at scale.
The system is platform agnostic and available on secure clouds and on-premises systems. iDEMS now supports data from various sources, including device extraction tools, home security systems, drone manufacturers, body & dash cameras, video management systems, and more. Powered by Veritone's aiWARE™ platform, iDEMS utilizes over 300 AI models across 20+ cognitive categories.
Veritone, Inc. (NASDAQ: VERI) has announced a partnership with Midwest Public Safety to offer AI-powered applications for law enforcement and judicial agencies across the Midwest. This collaboration will bring Veritone's iDEMS solution, including Veritone Investigate and Veritone Redact, to Midwest Public Safety's clients.
The partnership aims to help agencies streamline digital evidence management, accelerate investigations, and improve public safety while enhancing transparency. Veritone Investigate allows for quick searching and discovery of critical evidence using AI technologies like transcription, object detection, and facial recognition. Veritone Redact offers advanced audio and video redaction for public records requests.
This collaboration expands Veritone's reach in the Midwest and reinforces its commitment to providing law enforcement with innovative AI-driven tools for more effective and efficient community service.
Veritone, Inc. (NASDAQ: VERI) has announced the integration of its global job distribution software with Eightfold AI's talent intelligence platform. This collaboration aims to enhance recruitment efficiency by providing a unified, AI-powered solution for job distribution and candidate sourcing. Veritone's software allows organizations to post job openings across over 2,000 job boards in more than 180 countries, optimizing placement for target audiences.
The integration enables Eightfold customers to leverage AI for matching job postings to relevant candidates and engaging them throughout the recruitment cycle. The combined solution offers predictive analytics, advanced candidate matching, and personalized outreach tools. Additionally, Veritone's job distribution solutions provide Office of Federal Contract Compliance Programs (OFCCP) compliance, promoting diversity in talent acquisition.
Veritone (NASDAQ: VERI) will showcase its AI-powered talent acquisition solutions at HR Tech 2024 in Las Vegas from September 24-26. The company will demonstrate how its Veritone Hire suite can help reduce costs and improve efficiency in hiring processes. Alex Fourlis, general manager of Veritone Hire, will present a case study on September 26, highlighting how a global talent team cut recruitment costs by over 80% using Veritone's AI solutions.
At booth 9709, Veritone will exhibit its suite of solutions including:
- Programmatic job advertising with down-funnel reporting
- Job distribution to over 2,000 job boards in 180+ countries
- Diversity and compliance tools
- Media planning and buying support
These AI-driven solutions aim to optimize recruiting strategies and deliver precise, efficient hiring outcomes for talent acquisition teams.
Veritone (NASDAQ: VERI) has announced the deployment of its AI-powered intelligent digital evidence management system, Veritone iDEMS, to assist universities, school campuses, and public safety agencies in modernizing investigations. The system streamlines workflows for audio and video redaction, potentially valuable for handling campus protests and active shooter incidents. iDEMS is based on Veritone Investigate, which serves as a central evidence hub to store, manage, analyze, and share digital evidence files.
The system connects to various data sources, ingests media files, and uses AI models to catalog and tag unstructured data, leading to actionable insights. This technology enhances the ability of institutions like Illinois State University to comply with legal requirements and better protect their communities.
Veritone (NASDAQ: VERI) announced its participation at IBC2024 in Amsterdam from September 13-16. The company will showcase AI solutions for content monetization, advertising performance, and localization at its stand in Hall 1, A.21 at the RAI convention center. Key offerings include:
1. Monetization Assessment
2. Veritone Digital Media Hub
3. Veritone Data Refinery
4. Media Intelligence and Reporting
5. Veritone Advertising Intelligence Suite
6. Voice Cloning and Localization Solutions
As an AWS Advanced Tier Services Partner, Veritone will also demonstrate its AI solutions in the AWS Partner Village. The company's General Manager, Sean King, will participate in a panel discussion on data management for AI adoption in media companies.
Veritone (NASDAQ: VERI) has been selected by pocket.watch as its AI partner to expand contextual targeting across content from pocket.watch's creator network, which boasts over one billion YouTube subscribers. Veritone's aiWARE platform will automate contextual ad targeting and content categorization for pocket.watch's vast library of kids and family entertainment, generating over 10 billion monthly views.
This partnership aims to enhance pocket.watch's ability to distribute and monetize content more efficiently. Veritone's AI Solutions Group will create a custom solution to provide pocket.watch with structured data for managing and scaling their digital influencer content. The collaboration is expected to help pocket.watch meet the growing demand for innovative entertainment while maintaining child-safety standards in advertising.
FAQ
What is the current stock price of Veritone (VERI)?
What is the market cap of Veritone (VERI)?
What does Veritone, Inc. do?
What is the aiWARE platform?
In which industries does Veritone operate?
Where is Veritone based?
How does Veritone generate revenue?
What awards has Veritone won?
What recent developments are there at Veritone?
What services does Veritone's Managed Services include?
How does Veritone support its AI solutions?