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Veritone, Inc. - VERI STOCK NEWS

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.

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Veritone, Inc. (NASDAQ: VERI) will participate in the 23rd Annual Needham Virtual Growth Conference from January 11-15, 2021. Veritone's management is set to present on January 11 at 1:15 pm PT / 4:15 pm ET, with a webcast available for replay here. One-on-one meetings with management will also take place on the same day. Veritone is known for its aiWARE™ operating system that delivers AI solutions across various industries.

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Veritone, Inc. (NASDAQ: VERI) has launched Veritone Automate Studio, a low-code workflow designer integrated with aiWARE, enabling rapid deployment of AI-powered workflows. This tool supports organizations in intelligent process automation (IPA) and hyperautomation, facilitating the integration of AI insights into existing business processes. Features include pre-integrated AI models, event-driven workflows, and ready-to-deploy templates for diverse applications. The launch aims to democratize AI access, enhancing operational efficiency and offering a competitive edge across industries.

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Veritone, Inc. (Nasdaq: VERI) has announced the hiring of five senior members for its Engineering and Product teams, enhancing its capabilities. These new hires, coming from reputable firms such as Google and GE, are a strategic move to bolster the company's technological prowess. In conjunction, the Compensation Committee has granted equity awards totaling options for 83,000 shares and restricted stock units for 39,000 shares, designed to incentivize and retain the new talent. The stock options have varying exercise prices and vesting schedules.

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Veritone, Inc. (NASDAQ: VERI) has announced a new content licensing agreement with Brave Bison, expanding its library of user-generated content. This marks Veritone’s third such agreement this year and the first with an international entity. The partnership aims to meet the growing demand for high-quality user-generated content in entertainment and advertising. Brave Bison's assets will enhance Veritone's offerings, providing creators access to over 5,000 high-quality video assets, which will be updated weekly. This collaboration is expected to bolster Veritone's global reach in the content licensing arena.

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Veritone, Inc. (Nasdaq: VERI) successfully completed an upsized public offering of 3,450,000 shares at $18.50 each, raising approximately $63.8 million in gross proceeds. This offering included the full exercise of an option by underwriters. The shares were issued under an effective registration statement filed with the SEC. The offering was managed by Stifel, JMP Securities, and Roth Capital Partners, highlighting Veritone's strong market position in AI technology and solutions.

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Veritone, Inc. (NASDAQ: VERI) has achieved the Amazon Web Services (AWS) Public Safety & Disaster Response (PSDR) Competency status, recognizing its proven AI technologies for public safety. This designation highlights Veritone's expertise as an AWS Technology Partner, demonstrating technical proficiency in developing public safety solutions on AWS. Veritone's aiWARE solutions enhance operational efficiency by extracting actionable intelligence from vast data, including videos and audio. The company emphasizes its commitment to improving public safety and transparency.

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Veritone, Inc. (Nasdaq: VERI) has priced its underwritten public offering of 3,000,000 shares at $18.50 per share, with gross proceeds expected to reach $55.5 million before expenses. The offering includes a 30-day option for underwriters to purchase an additional 450,000 shares. Closing is anticipated on December 7, 2020, subject to customary conditions. Stifel, JMP Securities, and Roth Capital Partners serve as joint book-running managers. The offering is registered under SEC Form S-3, and a final prospectus will be filed shortly.

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Veritone, Inc. (Nasdaq: VERI) has initiated an underwritten public offering of its common stock, with a 30-day option for underwriters to purchase additional shares. The offering's completion is contingent on market conditions and other factors, with no assurances on timing, size, or terms. Stifel leads the offering, supported by JMP Securities and Roth Capital Partners. The offering will follow a previously filed registration statement with the SEC, effective since June 13, 2018. Details will be outlined in a final prospectus supplement that will also be available on the SEC’s website.

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Veritone, Inc. (Nasdaq: VERI) has announced enhancements to its AI-powered applications, Veritone Discovery and Veritone Attribute, aimed at improving campaign analytics for existing and new customers. These enhancements include earned media monitoring, expanded Nielsen data, and improved AI models for increased accuracy. The upgrades enhance user experience and operational efficiency, making it easier for broadcasters to track performance and ad revenue. Veritone's tools currently serve nearly 1,500 global stations, showcasing their significant role in media analytics.

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Veritone, Inc. (Nasdaq: VERI) has announced that its AI operating system, aiWARE™, now supports the NVIDIA CUDA platform. This advancement allows organizations to execute intensive AI and machine learning tasks utilizing NVIDIA GPUs, whether on-premises or in cloud environments such as Microsoft Azure and Amazon Web Services. This integration enables faster processing of video, audio, and text data, optimizing performance across various sectors, including energy, security, smart cities, media, and industrial applications.

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FAQ

What is the current stock price of Veritone (VERI)?

The current stock price of Veritone (VERI) is $2.31 as of December 23, 2024.

What is the market cap of Veritone (VERI)?

The market cap of Veritone (VERI) is approximately 87.0M.

What does Veritone, Inc. do?

Veritone, Inc. specializes in AI computing solutions and services, focusing on processing and analyzing unstructured audio and video data through its aiWARE platform.

What is the aiWARE platform?

The aiWARE platform is Veritone's proprietary AI-based cognitive computing system that integrates various cognitive engines to generate actionable insights from multimedia data.

In which industries does Veritone operate?

Veritone serves Commercial Enterprises and Government and Regulated Industries, offering solutions in content licensing, advertising, influencer management, and more.

Where is Veritone based?

Veritone is based in the United States and has a global presence, including in the United Kingdom, France, Australia, Israel, and India.

How does Veritone generate revenue?

Veritone generates revenue through its Software Products and Services, which include aiWARE platform solutions, support and maintenance, and related professional services, as well as its Managed Services.

What awards has Veritone won?

Veritone has received several prestigious awards, including the Red Herring Top 100 Award, the Edison Awards, and the SIIA Business Technology CODiE Award for Best Native Advertising Platform or Service.

What recent developments are there at Veritone?

Veritone is continually enhancing its aiWARE platform to provide deeper intelligence from multimedia data, ensuring it stays at the forefront of AI technology innovation.

What services does Veritone's Managed Services include?

Veritone's Managed Services include content licensing, advertising agency operations, influencer management, and related services.

How does Veritone support its AI solutions?

Veritone supports its AI solutions with comprehensive support and maintenance services, as well as professional services related to deployment and implementation.

What is the significance of Veritone's aiWARE platform?

The aiWARE platform is significant because it enables automated, seamless processing and analysis of large volumes of unstructured multimedia data, providing valuable insights for businesses.

Veritone, Inc.

Nasdaq:VERI

VERI Rankings

VERI Stock Data

86.97M
34.40M
13.78%
31.1%
13.49%
Software - Infrastructure
Services-computer Processing & Data Preparation
Link
United States of America
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