STOCK TITAN

Veritone and Nuix Combine AI Expertise to Offer Turn-Key Solutions for Growing Volumes of Video and Audio Data

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

Veritone (NASDAQ: VERI) and Nuix (ASX: NXL) have announced a strategic partnership to combine their AI expertise in handling growing volumes of video and audio data. Veritone is integrating its AI-enabled redaction capabilities into Nuix's NEO Platform, offering a turn-key solution for investigations, eDiscovery, and compliance initiatives.

The partnership leverages Nuix's unified platform and Veritone's aiWARE ecosystem of 300+ AI models to process various types of evidentiary media files, including body-worn camera footage, car-dashcam video, and CCTV surveillance footage. This collaboration aims to help customers meet public records requests and judiciary deadlines while ensuring the removal of personally identifiable information.

Veritone (NASDAQ: VERI) e Nuix (ASX: NXL) hanno annunciato una partnership strategica per combinare la loro expertise nell'IA nella gestione di crescenti volumi di dati video e audio. Veritone sta integrando le sue capacità di redazione abilitate dall'IA nella piattaforma NEO di Nuix, offrendo una soluzione chiavi in mano per indagini, eDiscovery e iniziative di conformità.

La partnership sfrutta la piattaforma unificata di Nuix e l'ecosistema aiWARE di Veritone, che conta oltre 300 modelli di IA per elaborare vari tipi di file multimediali probatori, inclusi i filmati delle telecamere indossate, video delle dashcam delle auto e riprese della videosorveglianza. Questa collaborazione mira ad aiutare i clienti a soddisfare le richieste di accesso ai documenti pubblici e le scadenze giudiziarie, garantendo al contempo la rimozione delle informazioni personali identificabili.

Veritone (NASDAQ: VERI) y Nuix (ASX: NXL) han anunciado una asociación estratégica para combinar su experiencia en inteligencia artificial en el manejo de volúmenes crecientes de datos de video y audio. Veritone está integrando sus capacidades de redacción habilitadas por IA en la plataforma NEO de Nuix, ofreciendo una solución llave en mano para investigaciones, eDiscovery e iniciativas de cumplimiento.

La asociación aprovecha la plataforma unificada de Nuix y el ecosistema aiWARE de Veritone, que cuenta con más de 300 modelos de IA para procesar varios tipos de archivos de medios probatorios, incluidos los videos de cámaras corporales, videos de dashcams y grabaciones de CCTV. Esta colaboración tiene como objetivo ayudar a los clientes a cumplir con las solicitudes de registros públicos y los plazos judiciales, asegurando al mismo tiempo la eliminación de información personal identificable.

Veritone (NASDAQ: VERI)과 Nuix (ASX: NXL)는 증가하는 비디오 및 오디오 데이터 양을 처리하기 위해 AI 전문성을 결합하는 전략적 파트너십을 발표했습니다. Veritone은 Nuix의 NEO 플랫폼에 AI 기반의 수정 기능을 통합하여 조사, eDiscovery 및 컴플라이언스 이니셔티브를 위한 완결적인 솔루션을 제공합니다.

이 파트너십은 Nuix의 통합 플랫폼과 Veritone의 aiWARE 생태계에 있는 300개 이상의 AI 모델을 활용하여 바디캠 영상, 차량 대시캠 비디오 및 CCTV 감시 영상을 포함한 다양한 유형의 증거 미디어 파일을 처리합니다. 이 협업은 고객이 공개 기록 요청 및 사법 기한을 충족하도록 도우며, 개인 식별 정보를 제거하도록 보장하는 것을 목표로 합니다.

Veritone (NASDAQ: VERI) et Nuix (ASX: NXL) ont annoncé un partenariat stratégique pour combiner leur expertise en IA dans le traitement de volumes croissants de données audio et vidéo. Veritone intègre ses capacités de révision activées par l'IA dans la plateforme NEO de Nuix, offrant une solution clé en main pour les enquêtes, l'eDiscovery et les initiatives de conformité.

Ce partenariat exploite la plateforme unifiée de Nuix et l'écosystème aiWARE de Veritone, qui comprend plus de 300 modèles d'IA, pour traiter divers types de fichiers de médias probatoires, y compris les images des caméras corporelles, les vidéos des dashcams des voitures et les enregistrements de vidéosurveillance. Cette collaboration vise à aider les clients à répondre aux demandes de dossiers publics et aux délais judiciaires tout en garantissant la suppression des informations personnelles identifiables.

Veritone (NASDAQ: VERI) und Nuix (ASX: NXL) haben eine strategische Partnerschaft angekündigt, um ihre AI-Expertise im Umgang mit wachsenden Mengen an Video- und Audio-Daten zu kombinieren. Veritone integriert seine KI-gestützten Schwärzungsfunktionen in die NEO-Plattform von Nuix und bietet eine schlüsselfertige Lösung für Ermittlungen, eDiscovery und Compliance-Initiativen.

Die Partnerschaft nutzt die einheitliche Plattform von Nuix sowie das aiWARE-Ökosystem von Veritone mit über 300 KI-Modellen, um verschiedene Arten von beweisführenden Mediendateien zu verarbeiten, darunter Aufnahmen von tragbaren Kameras, Videomaterial von Dashcams und CCTV-Überwachungsvideos. Diese Zusammenarbeit zielt darauf ab, den Kunden zu helfen, öffentliche Aufzeichnungen und Gerichtstermine einzuhalten, während gleichzeitig die Entfernung von personenbezogenen Daten sichergestellt wird.

Positive
  • Strategic partnership between Veritone and Nuix to offer enhanced AI solutions
  • Integration of Veritone's redaction capabilities into Nuix's NEO Platform
  • Expansion of Veritone's global footprint in criminal investigations and data privacy
Negative
  • None.

Insights

The partnership between Veritone and Nuix represents a strategic move in the AI-powered data analysis sector. By integrating Veritone's AI-enabled redaction capabilities into Nuix's NEO Platform, they're addressing the growing challenge of managing large volumes of audio and video data in investigations and compliance. This collaboration could potentially streamline workflows for law enforcement, legal professionals and compliance officers.

The integration of Veritone's aiWARE ecosystem, boasting 300+ AI models, with Nuix's data analytics prowess, creates a powerful tool for handling diverse data types. This could significantly reduce processing times and improve accuracy in tasks like redacting personally identifiable information from evidentiary media files. However, the real test will be in the seamless integration and user adoption of this combined solution.

While this partnership shows promise, investors should monitor its market reception and any potential revenue impact in upcoming financial reports. The success of this venture will depend on how well it addresses real-world challenges in data privacy and investigation processes.

This collaboration between Veritone and Nuix addresses critical challenges in the legal tech landscape, particularly in eDiscovery and compliance. The integration of AI-powered redaction capabilities into Nuix's platform could significantly expedite the processing of sensitive information in legal proceedings and investigations.

The ability to quickly redact personally identifiable information from various media types, including body-cam footage and jailhouse calls, is important for maintaining data privacy and meeting legal deadlines. This solution could potentially reduce the risk of privacy breaches and associated legal liabilities.

However, the legal community will need assurances about the accuracy and reliability of the AI models in handling sensitive data. Any errors in redaction could have serious legal implications. It will be essential to monitor how courts and regulatory bodies accept evidence processed through this AI-powered system. The success of this partnership in the legal sector will hinge on its ability to maintain the integrity of the chain of custody while significantly improving efficiency.

Veritone integrates its extensive AI-enabled redaction capabilities into Nuix’s NEO Platform and ecosystem to optimize audio and visual workflows

DENVER--(BUSINESS WIRE)-- Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced a strategic partnership with Nuix (ASX:​ ​NXL), a leading provider of investigative analytics and intelligence software, to leverage industry-leading technology from both organizations to help maximize value for their customers’ investigations, eDiscovery​​ and compliance initiatives.

Nuix Neo is a unified platform delivering solutions for data privacy, cyber-breach response, investigations, and an end-to-end eDiscovery solution for the legal industry. The partnership combines Nuix’s Neo unified platform and Veritone’s ecosystem of 300+ AI models, known as aiWARE™, to offer a turn-key solution to handle audio and textual data and the increased volume of evidentiary media files, including body-worn camera footage, car-dashcam video, CCTV surveillance footage and jailhouse phone calls. The solution will also help customers meet public records requests or judiciary deadlines for turning over redacted evidentiary media files, ensuring personally identifiable information is completely removed.

“Combining Nuix’s powerful capabilities to understand high volumes of unstructured data with forensic rigor with Veritone’s industry-leading capabilities in handling audio and video data allows us to provide a complete, compelling solution to our customers,” says Jonathan Rubinsztein, Group CEO Nuix.​​

“Our agreement with Nuix is a testament to the distinct value​​ ​of ​aiWARE​​, which is a scalable AI platform that can be easily integrated into ​third-party​​​ solutions to meet a variety of use cases and needs,” said Jon Gacek, general manager of Veritone Public Sector. “Additionally, this agreement ​​expands the global footprint ​of​​​ our audio and video capabilities in the areas of ​​criminal investigations and data privacy​​, while laying the foundation for future expansion opportunities with Nuix given the breadth of models we offer.”

Built on ​​aiWARE​​, Veritone Redact enables users to manually define sensitive imagery and objects​ and​​​ then automatically redact​​ this information from audio, video​​ and image-based evidence. From there, the redacted evidence can quickly be downloaded with logs to support chain​-​​​of​-​​​custody requirements and shared with colleagues, public defenders​​ ​and​​​ other ​​stakeholders. It also enables searches for keywords and phrases captured within the recorded audio and quick redaction of those items.

To learn more, visit: https://www.veritone.com/applications/redact and https://www.nuix.com/nuix-neo

About Veritone

Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition 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.

About Nuix

Nuix Limited is a leading provider of investigative analytics and intelligence software, with the vision of “being a force for good by finding truth in a digital world”. Nuix helps customers to process, normalise, index, enrich and analyse data from a multitude of different sources, solving many of their complex data challenges. The Nuix platform supports a range of use cases, including criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. For further information, please visit www.nuix.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.

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 is the purpose of the Veritone and Nuix partnership?

The partnership aims to combine Veritone's AI-enabled redaction capabilities with Nuix's NEO Platform to offer turn-key solutions for handling growing volumes of video and audio data in investigations, eDiscovery, and compliance initiatives.

How does the Veritone-Nuix solution handle evidentiary media files?

The solution processes various types of evidentiary media files, including body-worn camera footage, car-dashcam video, CCTV surveillance footage, and jailhouse phone calls, while ensuring the removal of personally identifiable information.

What is Veritone's stock symbol?

Veritone's stock symbol is VERI, traded on NASDAQ.

What is aiWARE in the context of the Veritone-Nuix partnership?

aiWARE is Veritone's ecosystem of 300+ AI models that is being integrated with Nuix's NEO Platform to enhance audio and visual workflows in data processing and analysis.

Veritone, Inc.

NASDAQ:VERI

VERI Rankings

VERI Latest News

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
DENVER