STOCK TITAN

Veritone Achieves AWS Media and Entertainment Services Competency

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Veritone (NASDAQ: VERI) has achieved AWS Media and Entertainment Services Competency in Media Supply Chain and Data Science & Analytics, demonstrating its expertise in AI solutions for media and entertainment operations. This achievement provides customers with technical validation, support, and access to AWS' latest tools. The company becomes eligible for the AWS Migration Acceleration Program (MAP), helping customers migrate data workflows to AWS. Veritone's aiWARE™ platform integrates over 300 AI models across 20+ cognitive categories, offering enhanced data analysis and governance capabilities.

Veritone (NASDAQ: VERI) ha ottenuto la Competenza nei Servizi Media e Intrattenimento di AWS nella Catena di Fornitura Media e nella Scienza dei Dati e Analisi, dimostrando la sua expertise nelle soluzioni AI per le operazioni nel settore media e intrattenimento. Questo traguardo offre ai clienti una validazione tecnica, supporto e accesso agli ultimi strumenti di AWS. L'azienda diventa idonea per il Programma di Accelerazione della Migrazione AWS (MAP), aiutando i clienti a migrare i flussi di lavoro dei dati su AWS. La piattaforma aiWARE™ di Veritone integra oltre 300 modelli AI in più di 20 categorie cognitive, offrendo capacità avanzate di analisi e governance dei dati.

Veritone (NASDAQ: VERI) ha logrado la Competencia en Servicios de Medios y Entretenimiento de AWS en Cadena de Suministro de Medios y Ciencia de Datos y Análisis, demostrando su experiencia en soluciones de IA para operaciones en los medios y el entretenimiento. Este logro proporciona a los clientes validación técnica, soporte y acceso a las últimas herramientas de AWS. La empresa se vuelve elegible para el Programa de Aceleración de Migración de AWS (MAP), ayudando a los clientes a migrar flujos de trabajo de datos a AWS. La plataforma aiWARE™ de Veritone integra más de 300 modelos de IA en más de 20 categorías cognitivas, ofreciendo capacidades mejoradas de análisis y gobernanza de datos.

Veritone (NASDAQ: VERI)는 미디어 공급망 및 데이터 과학 및 분석 분야에서 AWS 미디어 및 엔터테인먼트 서비스 역량을 획득하여 미디어 및 엔터테인먼트 운영을 위한 AI 솔루션에서의 전문성을 입증했습니다. 이 성과는 고객에게 기술 검증, 지원 및 AWS의 최신 도구에 대한 접근을 제공합니다. 이 회사는 고객이 데이터를 AWS로 이전할 수 있도록 돕는 AWS 마이그레이션 가속 프로그램(MAP)에 적합합니다. Veritone의 aiWARE™ 플랫폼은 20개 이상의 인지 범주에서 300개 이상의 AI 모델을 통합하여 개선된 데이터 분석 및 거버넌스 기능을 제공합니다.

Veritone (NASDAQ: VERI) a obtenu la compétence AWS dans les services médias et divertissement pour la chaîne d'approvisionnement médiatique ainsi que pour la science des données et l'analyse, démontrant son expertise en solutions d'IA pour les opérations de médias et de divertissement. Cette réalisation offre aux clients une validation technique, un soutien et un accès aux derniers outils d'AWS. L'entreprise devient éligible pour le programme d'accélération de migration AWS (MAP), aidant les clients à migrer les flux de données vers AWS. La plateforme aiWARE™ de Veritone intègre plus de 300 modèles d'IA dans plus de 20 catégories cognitives, offrant des capacités améliorées d'analyse des données et de gouvernance.

Veritone (NASDAQ: VERI) hat die AWS Kompetenz für Medien- und Unterhaltungsdienste in der Medienversorgungskette sowie in Datenwissenschaft und Analytik erreicht, was seine Expertise in KI-Lösungen für Medien- und Unterhaltungsoperationen demonstriert. Diese Errungenschaft bietet Kunden technische Validierung, Unterstützung und Zugang zu den neuesten Werkzeugen von AWS. Das Unternehmen wird für das AWS Migrationsbeschleunigungsprogramm (MAP) berechtigt, das Kunden bei der Migration von Datenarbeitsabläufen zu AWS hilft. Die aiWARE™-Plattform von Veritone integriert über 300 KI-Modelle aus mehr als 20 kognitiven Kategorien und bietet verbesserte Datenanalyse- und Governance-Funktionen.

Positive
  • Achieved AWS Media and Entertainment Services Competency status
  • Access to AWS Migration Acceleration Program (MAP)
  • Advanced to AWS Advanced Tier Services Partner status
  • Secured three-year Strategic Collaboration Agreement with AWS
Negative
  • None.

Insights

The achievement of AWS Media and Entertainment Services Competency is a strategic enhancement to Veritone's market position, but its immediate financial impact is While this certification validates Veritone's technical capabilities and opens access to AWS's Migration Acceleration Program, it primarily strengthens an existing partnership rather than introducing new revenue streams.

The key value lies in Veritone's potential to capture a portion of the projected $543 billion cloud market opportunity by 2027. Their aiWARE platform, integrating over 300 AI models across 20 cognitive categories, positions them well for enterprise-scale deployments. However, the company's current $132 million market cap suggests significant execution challenges ahead in monetizing these opportunities.

Veritone expands leadership in AI, media and entertainment services

DENVER--(BUSINESS WIRE)-- Veritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced that it has achieved AWS Media and Entertainment Services Competency in Media Supply Chain and Data Science & Analytics, recognizing the company’s specialized expertise, technical proficiency and proven success in helping customers transform their media and entertainment operations with innovative cloud-based AI solutions.

Veritone achieving the AWS Media & Entertainment Services Competency provides customers with several benefits, including technical validation and support, and accelerated innovation and product development by having direct access to AWS’ latest tools, technologies and training. Additionally, the competency makes Veritone eligible for the AWS Migration Acceleration Program (MAP), to help customers accelerate the migration of their data workflows to AWS. MAP is a comprehensive and proven cloud migration program that helps partners support customers in building strong AWS foundations, accelerate migrations, reduce risk and offset initial migration costs.

“Achieving AWS Media and Entertainment Services Competency marks a significant step in delivering AI-driven capabilities for our customers, enabling them to harness Veritone's advanced AI models directly within AWS,” said Ryan Steelberg, president and chief executive officer, Veritone. “We’re enabling businesses across media, entertainment and sports to harness AI at scale with ease and flexibility, driving operational efficiency and growth.”

AI adoption using the cloud is greater than ever. According to IDC, end-user spend on cloud will be $1.3 trillion by 2027, representing a $543 billion incremental revenue opportunity for the total market. As customers migrate and modernize, Veritone can be a trusted partner to assist in their digital transformation journeys.

Veritone’s media and entertainment solutions are powered by Veritone’s leading enterprise AI platform, aiWARE™, which leverages the combined power of more than 300 pre-trained and trainable, best-of-breed cognitive AI and generative AI models across more than 20 cognitive categories in a single AI platform. Within aiWARE, Veritone’s ontology framework provides customers with several benefits, including the ability to conduct more complex data queries and analyses, derive deeper insights, improved data security and governance, enhanced collaboration and the ability to scale and easily change or add new data sources.

The AWS Media & Entertainment Services Competency further solidifies Veritone’s position as a key provider of AI solutions and services. Earlier this year, Veritone announced a three-year Strategic Collaboration Agreement (SCA) with AWS and advanced to the Advanced Tier Services Partner status. Veritone’s Media and Entertainment and Public Sector offerings are also available in AWS Marketplace.

For more information on Veritone as an AWS Partner, please visit: https://go.veritone.com/aws-partnership/p/1.

About Veritone

Veritone (NASDAQ: VERI) designs human-centered AI solutions. Serving customers in the talent acquisition, media, entertainment and public sector industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:

Valerie Christopherson or Lora Metzner

Global Results Comms (GRC)

+1 949 608 0276

Veritone@globalresultspr.com

Sarah Rich

Veritone

srich@veritone.com

Source: Veritone, Inc.

FAQ

What AWS competency did Veritone (VERI) achieve in 2024?

Veritone achieved AWS Media and Entertainment Services Competency in Media Supply Chain and Data Science & Analytics, demonstrating specialized expertise in AI solutions for media and entertainment operations.

How many AI models does Veritone's (VERI) aiWARE platform integrate?

Veritone's aiWARE platform integrates more than 300 pre-trained and trainable AI models across over 20 cognitive categories in a single AI platform.

What is Veritone's (VERI) partnership status with AWS?

Veritone is an AWS Advanced Tier Services Partner and has a three-year Strategic Collaboration Agreement with AWS, with offerings available in AWS Marketplace.

Veritone, Inc.

NASDAQ:VERI

VERI Rankings

VERI Latest News

VERI Stock Data

103.64M
32.97M
13.78%
31.1%
13.49%
Software - Infrastructure
Services-computer Processing & Data Preparation
Link
United States of America
DENVER