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Veritone Becomes First Multi Cloud AI Platform Provider Approved for Use Across the Entire US Department of Justice
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Rhea-AI Summary
Veritone, Inc. (NASDAQ: VERI) announces an expansion of its aiWARE Government platform across all components of the U.S. Department of Justice (DOJ), achieving widespread Authority to Operate (ATO) for its AI solutions. This development includes support for Microsoft Azure Government, allowing DOJ agencies to efficiently process large data volumes. The federal government is set to invest over $6 billion in AI R&D in 2021, indicating significant growth potential for Veritone as it leads in AI adoption within federal applications.
Positive
Expanded ATO allows all DOJ components to utilize Veritone's aiWARE Government platform.
Unique position as the first DOJ-wide AI platform available on both Microsoft Azure Government and AWS GovCloud.
Alignment with federal government plans to increase AI adoption, tapping into over $6 billion in AI-related federal funding.
Negative
None.
Expands from Executive Office for the United States Attorneys to All 59 DOJ Agencies
Latest Authority To Operate (ATO) Expands Support to Microsoft Azure Government Cloud
DENVER--(BUSINESS WIRE)--
Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, announced today the expanded availability of aiWARE Government for all components of the U.S. Department of Justice (DOJ). Originally sponsored by the Executive Office for United States Attorneys (EOUSA) within the DOJ, Veritone has obtained an expanded, enterprise-wide Authority to Operate (ATO) from the FedRAMP authorization board for its aiWARE™ Government platform. Included in this expanded ATO is support for Microsoft Azure Government, thereby making Veritone aiWARE Government the first DOJ-wide AI platform approved and available on both Microsoft Azure Government as well as AWS GovCloud environments, uniquely providing all 59 DOJ agencies the flexibility they require to meet their AI-based missions.
A 2021 report released by Bloomberg Government indicates the federal government is expected to invest more than $6 billion in AI-related research and development projects in 2021. However, according to a report released in March by the National Security Commission on AI, the U.S. government is under prepared to defend the country in the coming age of AI. To mitigate these risks, the report calls for widespread AI adoption across the Department of Defense by 2025 as the need for AI grows across several federal agencies.
FedRAMP authorization accelerates adoption of cloud computing in the federal government by creating transparent standards and processes for security authorizations. As more government agencies look to adopt AI, Veritone aiWARE Government is at the forefront of providing cloud-based AI-solutions at the federal level as one of the only AI platforms in the FedRAMP Marketplace today.
Earning this authorization required Veritone to undergo a stringent security audit and allows other DOJ components to use Veritone without needing to take additional steps. Veritone’s cloud-based, AI-enabled solutions are already deployed by the Tax Division and the Executive Office for United States Attorneys (EOUSA). This latest expansion for Veritone includes new engagements with many additional components within the DOJ, including the FBI, DHS, BOP, and DEA among others.
“The data explosion is not limited to the private business sector -- DOJ agencies are faced with a daunting task of processing massive amounts of time-sensitive, unstructured data at the core of protecting US national security,” Jon Gacek, head of government, legal and compliance at Veritone. “Veritone aiWARE can ingest, give structure to, analyze, discover, transcribe and translate data thousands of times faster, more accurately, and at a significantly lower cost than manual labor alternatives.”
“Leveraging Microsoft Azure Government, Veritone offers DOJ agencies the ability to quickly and accurately understand vast amounts of data that would otherwise take humans years to process,” said Jason Payne, Chief Technology Officer, Microsoft Federal at Microsoft Corp. “Without Veritone’s underlying aiWARE operating systems for AI and its readily available applications benefitting from Azure’s infinite compute capabilities, both US government and public safety customers alike would be relegated to building bespoke applications from the ground up -- something that takes a lot of time, money, and support. The combined power of Azure and aiWARE is the ability to meet demand without any disruption to the applications or processes.”
Veritone’s government solutions built for justice systems, law enforcement and intelligence agencies, rapidly extract actionable intelligence from large amounts of data, including video and audio evidence used in investigations, surveillance, and criminal justice. Included in this latest ATO are each of Veritone’s key applications for judicial and law enforcement agencies:
Veritone Automate enables agencies to rapidly build and deploy AI-powered workflows that transform audio, video, text, and data into actionable intelligence at scale, with no AI expertise required.
Veritone Illuminate enables public safety and justice agencies to transcribe, translate, and analyze video, audio and text evidence.
Veritone Redact enables public justice agencies and public safety agencies to quickly redact sensitive items within audio, video and image-based evidence to meet timely requests.
Veritone aiWARE for Relativity helps ediscovery teams transcribe, translate and perform object detection across audio, video and text-based files within Relativity, one of the premiere ediscovery platforms.
Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s hyper-expansive Enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve the problems of today and tomorrow.
This news release contains forward-looking statements, including without limitation statements regarding Veritone’s Transparency and Trust Report, the expected capabilities of Veritone’s aiWARE platform and the potential benefits of its use for law enforcement agencies and the communities they serve. 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.
What is the recent development involving Veritone on the DOJ platform?
Veritone has expanded its aiWARE Government platform to all components of the U.S. Department of Justice, receiving an enterprise-wide Authority to Operate (ATO).
How does Veritone's AI platform support government agencies?
Veritone's aiWARE Government platform aids DOJ agencies in processing large amounts of unstructured data efficiently, utilizing Microsoft Azure Government.
What is the significance of the $6 billion investment in AI by the federal government?
This investment reflects a growing demand for AI solutions, presenting significant growth opportunities for companies like Veritone.
When did Veritone receive the expanded ATO for its AI platform?
Veritone announced the expanded ATO for its aiWARE Government platform on October 14, 2021.
