Veritone Stock Price, News & Analysis

Veritone (NASDAQ: VERI) has announced the award of its 14th US patent for its Conductor technology, enhancing the aiWARE platform. This technology utilizes a proprietary deep neural network to dynamically analyze data and orchestrate optimal AI models, improving efficiency in model selection across various cognitive categories. Veritone aims to democratize AI, enabling faster deployment and cost-effective model performance. Notable clients like Bloomberg and the San Francisco Giants utilize aiWARE for transforming diverse data sources into actionable insights.

Veritone (NASDAQ: VERI) is set to participate in two significant virtual conferences this June 2021. The first is the 2021 Virtual Cross Sector Insight Conference, where they will present on June 10 from 2:40 - 3:10 PM ET. The second event is the Roth Virtual London Conference, scheduled for June 21-23, during which one-on-one meetings will be held. Interested parties can find webcasts of the presentations on the investor events section of Veritone's website, and may contact the IR team for meeting arrangements.

Veritone, Inc. has launched MARVEL.ai, an innovative Voice-as-a-Service (VaaS) solution aimed at helping media companies, brands, and influencers create, manage, and monetize synthetic voices. This platform combines text-to-speech and speech-to-speech capabilities and is built on Veritone's aiWARE operating system. MARVEL.ai empowers users to effortlessly produce content, reduce time-to-market, and explore new revenue avenues while ensuring compliance and rights management. Veritone's expertise in artificial intelligence and digital content licensing positions it as a leader in the synthetic voice ecosystem.

Veritone (NASDAQ: VERI) has announced enhancements to its aiWARE™-powered Digital Media Hub, aimed at improving media management for content creators. This update includes new features such as the Annotation Tool, which allows users to tag and save information for media segments, and the Data Export Tool, enabling precise exports of content data. These enhancements are designed to boost content discoverability and operational efficiency, addressing challenges posed by COVID-19, and are anticipated to create additional licensing and revenue opportunities.

Veritone, Inc. (NASDAQ: VERI) will participate in the 16th Annual Needham Technology & Media Conference from May 17-20, 2021. Management is set to present on May 18, 2021, at 9:45 am PT/12:45 pm ET. The presentation will be available for replay online. Additionally, Veritone is hosting a Virtual Investor Day and Technology Expo on May 14, 2021, at 9:00 am PT/12:00 pm ET. For further details or to schedule a meeting with management, attendees can contact their Needham representative or Veritone's IR team via email.

Veritone (NASDAQ: VERI) has unveiled its Interaction Analytics solutions, designed to enhance customer interaction insights. These pre-configured AI tools utilize Veritone's proprietary aiWARE system to automatically analyze unstructured data from various communication channels in near-real-time. The launch includes three key solutions: Contact Center Compliance, Contact Center Insight, and Social Media Insight, enabling businesses to boost revenue, reduce operational costs, and improve customer satisfaction. This innovation aims to unlock valuable insights previously trapped in unstructured data.

Veritone, Inc. (NASDAQ: VERI) reported record revenue of $18.3 million for Q1 2021, a 54% year-over-year increase, driven by strong growth in its aiWARE SaaS Solutions and advertising sectors. Despite a GAAP net loss of $30.6 million, the company showed an improvement in non-GAAP net loss, narrowing it to $3.9 million. With over $125 million in cash and no debt, Veritone anticipates Q2 revenue of $18.8 million to $19.2 million. Notable partnerships and awards were highlighted as key business developments.

Veritone, Inc. (Nasdaq: VERI) announces its support for AWS for Media & Entertainment, aimed at enhancing media content management. This initiative offers new services like Amazon Nimble Studio, enabling rapid studio setup, and integrates various AWS capabilities to streamline content production and analytics. Veritone's AI-powered Digital Media Hub will facilitate efficient content distribution and monetization, processing vast amounts of media data monthly. This collaboration is positioned to drive revenue potential for media companies, ensuring secure and accessible content management.

Veritone, Inc (NASDAQ: VERI) has launched its new Grid Reliability in Device (GRID) initiative, aiming to embed intelligent predictive controllers into renewable energy assets like solar inverters and battery systems. This effort is designed to enhance the integration of distributed energy resources, improve grid resilience, and extend the lifespan of these assets. The initiative seeks to address reliability challenges faced by utilities and independent power producers in managing green energy sources, especially during extreme weather events.