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 (VERI) leverages artificial intelligence to transform unstructured data through its aiWARE platform, serving commercial and government sectors worldwide. This news hub provides investors and professionals with essential updates on corporate developments, technological advancements, and strategic initiatives.
Access official press releases and curated analysis covering earnings announcements, product innovations, and strategic partnerships. Our repository enables efficient tracking of VERI's progress in cognitive computing solutions while maintaining compliance with financial disclosure standards.
Key updates include developments in AI-powered media analysis, government contract milestones, and platform enhancements. Regular monitoring of this page offers insights into how Veritone converts multimedia data into actionable intelligence for global enterprises.
Bookmark this page for streamlined access to VERI's latest corporate communications. Combine these updates with market analysis for informed perspective on the company's position within the competitive AI landscape.
Veritone, Inc (NASDAQ: VERI) has announced a new three-year exclusive international licensing agreement with CBS News. This partnership aims to enhance content search and discoverability, allowing easy access to millions of hours of archival and breaking news content for the global creative community. Veritone's aiWARE technology will aid in digitizing CBS News archives, improving the user experience through advanced transcription and AI-driven metadata. This agreement strengthens their long-standing collaboration and supports Veritone's international expansion efforts.
Veritone has completed its acquisition of PandoLogic for $150 million in a cash and stock deal, expected to enhance its AI and human capital management capabilities. PandoLogic generated over $50 million in SaaS revenues and $25 million in EBITDA in 2021. This strategic acquisition is anticipated to provide immediate accretion and diversify Veritone's revenue streams while addressing significant hiring challenges across industries.
Veritone announced a three-year agreement with RECUR to create NFTs using Pac-12 Networks athletics video content, enabling fans to own digital collectibles. Veritone will facilitate NFT creation by coordinating with student-athletes under the Pac-12 NIL Licensing Program. This partnership aims to democratize NFT access and enhance fan engagement by allowing them to collect and resell memorable college sports highlights through the new NFTU marketplace. Veritone's aiWARE technology will support this initiative, emphasizing the company's leadership in AI and digital content licensing.
Veritone, Inc. (Nasdaq: VERI) has expanded its engineering and product development teams by hiring five new senior members. The company’s Compensation Committee has granted equity awards comprising options for 93,000 shares and restricted stock units for 64,000 shares, with exercise prices ranging from $17.40 to $21.66. These options will vest over four years, while the restricted stock units will vest over two to four years, contingent on the employees’ ongoing employment. None of the new hires are executive officers.
Veritone, Inc. (NASDAQ: VERI) has announced a partnership with Mythical Entertainment, enabling the creation and management of synthetic voice models through its MARVEL.ai platform. With a reach of 75 million subscribers on YouTube, Mythical aims to enhance content monetization and localization using Veritone's voice-as-a-service (VaaS) solution. This collaboration is part of a rapidly growing voice commerce market, projected to reach $80 billion by 2023, and reflects Veritone's commitment to innovative content creation and licensing services.
Veritone (NASDAQ: VERI) announced the registration of its AI Object Notation (AION) as a standard internet media type by IANA. This media type, application/vnd.veritone.aion+json, simplifies AI development, expected to drive enterprise adoption of aiWARE™. AION enables seamless integration of various AI models, enhancing operational efficiencies in data extraction from unstructured content. Veritone aims to facilitate a unified approach to AI model deployment, minimizing programming efforts for developers. The company's focus on operationalizing AI across enterprises is underlined by this new development.
Veritone, Inc. (NASDAQ: VERI) reported record revenue of $19.2 million for Q2 2021, marking the fifth consecutive quarter of growth driven by its aiWARE SaaS Solutions and Advertising. Although GAAP net loss increased to $12.7 million, the non-GAAP net loss improved by $1.8 million year-over-year. The company announced plans to acquire PandoLogic for $150 million, aiming to expand its AI platform. Q3 revenue guidance expects $21.5 million to $22.5 million, while 2021 full-year revenue is projected at $96.5 million to $103.5 million, a significant growth of 73%.
Veritone (Nasdaq: VERI) announced its definitive agreement to acquire PandoLogic, a leader in intelligent hiring solutions, for $150 million in cash and stock. The acquisition is expected to enhance Veritone's market reach and revenue streams, with PandoLogic generating over $50 million in SaaS revenues and $25 million in EBITDA in 2021. The deal, valued at approximately three times PandoLogic's expected 2021 GAAP revenues, is anticipated to close by Q3 2021, subject to customary conditions.
Veritone (NASDAQ: VERI) has announced that law enforcement agencies acquiring body-worn cameras (BWCs) through a Bureau of Justice Assistance grant can access six months of its video redaction software at no cost. Veritone Redact simplifies the process of removing personal identifiable information (PII) from video evidence, enhancing transparency and trust between agencies and communities. The initiative addresses the rising demand for video release due to a 200% increase in public records requests since 2018, which has strained agency resources.
Veritone, Inc. (NASDAQ: VERI) is set to participate in two significant conferences this August: the D.A. Davidson Bison Select Virtual Conference on August 4 and the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11. The latter includes a presentation scheduled for 10:15 am PT. Both events will feature virtual 1x1 meetings. Interested parties can access presentations and webcasts for replay here. Veritone specializes in AI technology, powered by its operating system, aiWARE™.
