Welcome to our dedicated page for Veritone news (Ticker: VERI), a resource for investors and traders seeking the latest updates and insights on Veritone stock.
Veritone, Inc. (NASDAQ: VERI) is a software publisher in the information sector that focuses on enterprise AI and data solutions. The VERI news feed on Stock Titan surfaces company announcements, earnings-related releases, contract updates, product news, and partnership disclosures drawn from Veritone’s public communications and SEC filings.
Recent Veritone news emphasizes its aiWARE™ AI operating system, which orchestrates multiple machine learning models to transform structured and unstructured data into actionable intelligence. Coverage includes announcements about aiWARE’s role in advancing an AI-first, modular open architecture strategy for defense-related agencies, its FedRAMP-authorized status for government use, and its availability on platforms such as the DoD Platform One Solutions Marketplace and the CDAO Tradewinds Solutions Marketplace.
Investors and followers of VERI can also expect news on public safety and digital evidence solutions, including the Intelligent Digital Evidence Management System (iDEMS) and the Veritone Redact application. Releases have detailed new AI-powered features such as voice masking, inverse blur, and multilingual transcription, as well as partnerships that position iDEMS as a lead investigations solution within broader public safety programs.
Financial and capital markets updates are another key component of Veritone’s news flow. The company regularly issues press releases and Form 8-K filings discussing quarterly results, non-GAAP performance metrics, registered direct offerings, amendments to credit agreements, and transactions involving term loan repayment and convertible note repurchases. News items also highlight developments in Veritone Data Refinery (VDR), media and entertainment contracts, and collaborations that extend aiWARE to edge environments and live-event production.
By reviewing the VERI news page, readers can track how Veritone’s AI platform, sector focus, and financial decisions evolve over time across the media, public sector, and talent acquisition markets.
Veritone (NASDAQ: VERI) announced that the Environmental Protection Agency (EPA) will utilize its aiWARE™ platform to automate the redaction of personally identifiable information in video and audio recordings. The growing volume of public records requests has made manual redaction impractical, prompting the EPA to adopt Veritone's technology for faster and more accurate processing. This contract complements existing uses of aiWARE within other federal departments. Veritone's solutions, including Veritone Redact, significantly reduce redaction time by up to 90% compared to manual methods.
Veritone, Inc (NASDAQ: VERI) has been recognized in Deloitte’s Technology Fast 500 as one of the fastest-growing technology companies in North America. This accolade reflects Veritone's significant revenue growth from 2017 to 2020. The company continues to innovate with offerings like MARVEL.ai and the acquisition of PandoLogic. Veritone is also notable for its AI adoption in regulated sectors, exemplified by its collaboration with the California DOJ. The company aims to enhance its AI services to support clients, including government agencies.
Veritone, Inc. (NASDAQ: VERI) announced a private placement of $175 million in 1.75% convertible senior notes due 2026, an increase of $25 million from the previous offering. The offering is set to close on November 19, 2021. The notes will accrue interest semi-annually and have an initial conversion rate of 27.2068 shares per $1,000 principal amount, representing a conversion price of approximately $36.76 per share. Net proceeds are expected to be $169.5 million, to be used for general corporate purposes and acquisitions.
Veritone, Inc. (NASDAQ: VERI) has announced its intention to offer
Veritone reported a record revenue of $22.7 million for Q3 2021, reflecting a 44% year-over-year growth. This growth is driven by a 169% increase in software product and services revenue, reaching $9.0 million. Gross profit rose to $16.8 million, up 50% year-over-year. However, the GAAP net loss was $11.4 million, slightly worse than last year. The company raised its full-year guidance, anticipating revenues between $103.0 million and $105.5 million, marking an 81% increase year-over-year, and expects Q4 revenue to reach $43.8 million to $45.3 million.
Veritone (NASDAQ: VERI) will conduct a virtual Analyst Update and Tech Demo on
Veritone (NASDAQ: VERI) will co-host a virtual panel on November 9th, titled "US Law Enforcement Agency Transparency & How Technology Can Help." This initiative follows a national survey commissioned by Veritone, addressing LEA transparency and technology usage. The panel, featuring notable law enforcement leaders, aims to discuss survey findings and strategies to enhance transparency through technology. Jon Gacek of Veritone emphasized the increasing demand for tools that enable agencies to address public calls for transparency while managing manual labor requirements for compliance.
Veritone (NASDAQ: VERI) announced the full integration of its MARVEL.ai synthetic voice solution with the Wade & Wendy conversational AI platform, enhancing automated human voice interactions. This development aims to streamline recruitment processes, allowing organizations to make quicker and more informed hiring decisions. Terry Baker, CEO of PandoLogic, emphasized the integration's potential for expansion into virtual realities, while Ryan Steelberg, co-founder of Veritone, noted its ability to improve connections in recruitment and metaverse experiences.
Veritone, Inc (NASDAQ: VERI) has launched Veritone Contact, a software solution that streamlines RIPA (Racial Identity and Profiling Act) data collection for California law enforcement. With over 70 agencies already onboard, Veritone expects nearly 100 agencies to adopt this technology by early 2022, significantly reducing data collection time by 50%. This efficiency could save approximately
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