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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 (NASDAQ: VERI), a leader in enterprise AI solutions, announced its conference call scheduled for May 2, 2023, at 4:30 pm ET to discuss its Q1 2023 financial results. During the call, the company will update stakeholders on business performance and conduct a Q&A session. Interested participants can join through an audio webcast or a dial-in option. Veritone’s aiWARE™ platform facilitates AI-driven data management across various sectors, supporting brands in enhancing operational efficiency and profitability. The company's commitment to AI innovation positions it as a key player in the industry. For more details about their offerings, visit Veritone.com.
Veritone (NASDAQ: VERI) will showcase its generative AI solutions at the 2023 National Association of Broadcasters (NAB) Show from April 16 to 19 in Las Vegas. Veritone aims to demonstrate how its aiWARE platform can transform content creation, management, and monetization for media organizations. Key sessions include topics on personalization of content, diverse audience engagement, and accelerating content monetization. The presence of 100,000 attendees and numerous exhibitors highlights the event's significance. Veritone's innovative tools empower businesses to unlock new revenue streams while enhancing audience engagement.
Veritone, Inc. (NASDAQ: VERI) announced the granting of equity awards under its Inducement Grant Plan to four new employees. This includes options to purchase 189,942 shares of common stock and restricted stock units for 151,139 shares. The stock options have a ten-year term with an exercise price of $5.37 per share and vest over four years. The restricted stock units vest over a three or four-year period. Importantly, none of the new hires are executive officers. Veritone continues to strengthen its workforce as a leader in enterprise AI solutions, supporting various sectors with its aiWARE™ platform.
Veritone (NASDAQ: VERI) has announced an extension of its multi-year partnership with Augusta National, Inc., serving as the North American licensing agent for the Masters Tournament. This collaboration enhances Veritone's position in the digital asset management and licensing arena. Utilizing its advanced AI platform, Veritone will continue to manage and monetize archival video content for Augusta National, including the Masters Tournament and Augusta National Women’s Amateur events. The partnership, which dates back to 2009, is anticipated to generate incremental brand exposure and archival revenue for both entities.
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