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) 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.
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.
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.
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.
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.
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.
Veritone, Inc. (Nasdaq: VERI) has secured three new patents for its battery control technology, increasing its total to 13 patents with 16 applications pending. These innovations enable real-time synchronization and control of batteries, enhancing power distribution, safety, and efficiency in green energy grids. Veritone's technologies address challenges in Distributed Energy Resource integration, aiding utilities and battery providers in optimizing operations. CEO Chad Steelberg emphasized the importance of AI in overcoming technical barriers in energy storage and distribution.
Veritone, Inc. (Nasdaq: VERI) has launched a comprehensive audio content monetization and licensing service, targeting podcasters, broadcasters, and audio advertisers. Their extensive library includes millions of hours of AI-searchable historic and current audio content, already utilized by significant media brands like CBS News and NCAA. This new initiative allows audio creators to access premium audio clips and monetize their archives. Leading companies like Stitcher and Audible are among the initial customers benefiting from this service, aimed at enhancing the storytelling experience in podcasting.
Veritone, Inc. (Nasdaq: VERI) announced a renewed content licensing agreement with CBS News, enhancing access to millions of archival and breaking news content for content creators. This multi-year agreement aims to increase available footage while utilizing Veritone's AI technology to streamline content search and discovery. The CBS News Archives boasts over 2.5 million hours of iconic programming, including historic content from renowned shows. The partnership signifies a decade-long collaboration focused on empowering creatives with premium content licensing.
Veritone, Inc. (Nasdaq: VERI) has announced a strategic partnership with GovQA, LLC, aimed at enhancing transparency and efficiency in public record requests for government agencies. This collaboration integrates Veritone Redact with GovQA's Public Records Management Solution, enabling quicker processing of records requests while ensuring compliance with privacy laws. The surge in public records requests, which has risen by 56% since March, underscores the importance of this partnership for public safety agencies, helping them manage workloads effectively and maintain public trust.
