Veritone Stock Price, News & Analysis

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.

Veritone, Inc (NASDAQ: VERI) has partnered with Bauer Media UK to enhance its project management and strategy teams' capabilities through Veritone Discovery. This AI solution quickly retrieves audio content buried within extensive libraries. The deployment aims to streamline marketing campaigns and improve efficiency by automating the search for relevant material. Veritone Discovery enhances the ability to track broadcasts and reduce manual tasks, allowing teams to focus more on delivering high-value campaigns.

Veritone, Inc. (NASDAQ: VERI) will host a conference call on November 9, 2021, at 4:30 p.m. ET to discuss its third quarter 2021 financial results, update on business operations, and hold a Q&A session. Interested participants can join via webcast or dial-in. Pre-registration is available to facilitate access. Veritone specializes in enterprise artificial intelligence, empowering organizations with its aiWARE platform to enhance efficiency and decision-making.

Veritone, Inc. has announced its first enterprise agreement for Veritone Attribute in New Zealand with MediaWorks, enhancing access to data-driven advertising insights. This AI-driven application will initially be deployed across MediaWorks' radio brands, offering advertisers near-real-time performance metrics to optimize campaigns and improve ROI. The partnership underscores the significance of AI-powered analytics in broadcasting, marking a substantial step in Veritone's expansion in the Asia-Pacific region.

Veritone, Inc. (NASDAQ: VERI) has released its first nationwide Transparency and Trust Report, surveying 3,000 U.S. citizens on law enforcement relationships. Key findings include that only 1 in 5 people support defunding the police, while 67% trust law enforcement agencies. The report highlights the role of technology in enhancing transparency and efficiency. Notably, 61% of respondents support using facial recognition for public safety. The report aims to bridge the perception gap between communities and law enforcement, emphasizing the need for improved transparency.

Veritone, Inc (NASDAQ: VERI) has announced a new three-year exclusive international licensing agreement with CBS News. This partnership aims to enhance content search and discoverability, allowing easy access to millions of hours of archival and breaking news content for the global creative community. Veritone's aiWARE technology will aid in digitizing CBS News archives, improving the user experience through advanced transcription and AI-driven metadata. This agreement strengthens their long-standing collaboration and supports Veritone's international expansion efforts.

Veritone has completed its acquisition of PandoLogic for $150 million in a cash and stock deal, expected to enhance its AI and human capital management capabilities. PandoLogic generated over $50 million in SaaS revenues and $25 million in EBITDA in 2021. This strategic acquisition is anticipated to provide immediate accretion and diversify Veritone's revenue streams while addressing significant hiring challenges across industries.

Veritone announced a three-year agreement with RECUR to create NFTs using Pac-12 Networks athletics video content, enabling fans to own digital collectibles. Veritone will facilitate NFT creation by coordinating with student-athletes under the Pac-12 NIL Licensing Program. This partnership aims to democratize NFT access and enhance fan engagement by allowing them to collect and resell memorable college sports highlights through the new NFTU marketplace. Veritone's aiWARE technology will support this initiative, emphasizing the company's leadership in AI and digital content licensing.

Veritone, Inc. (Nasdaq: VERI) has expanded its engineering and product development teams by hiring five new senior members. The company’s Compensation Committee has granted equity awards comprising options for 93,000 shares and restricted stock units for 64,000 shares, with exercise prices ranging from $17.40 to $21.66. These options will vest over four years, while the restricted stock units will vest over two to four years, contingent on the employees’ ongoing employment. None of the new hires are executive officers.