Veritone Stock Price, News & Analysis

Veritone, Inc. (Nasdaq: VERI) has announced the hiring of five senior members for its Engineering and Product teams, enhancing its capabilities. These new hires, coming from reputable firms such as Google and GE, are a strategic move to bolster the company's technological prowess. In conjunction, the Compensation Committee has granted equity awards totaling options for 83,000 shares and restricted stock units for 39,000 shares, designed to incentivize and retain the new talent. The stock options have varying exercise prices and vesting schedules.

Veritone, Inc. (NASDAQ: VERI) has announced a new content licensing agreement with Brave Bison, expanding its library of user-generated content. This marks Veritone’s third such agreement this year and the first with an international entity. The partnership aims to meet the growing demand for high-quality user-generated content in entertainment and advertising. Brave Bison's assets will enhance Veritone's offerings, providing creators access to over 5,000 high-quality video assets, which will be updated weekly. This collaboration is expected to bolster Veritone's global reach in the content licensing arena.

Veritone, Inc. (Nasdaq: VERI) successfully completed an upsized public offering of 3,450,000 shares at $18.50 each, raising approximately $63.8 million in gross proceeds. This offering included the full exercise of an option by underwriters. The shares were issued under an effective registration statement filed with the SEC. The offering was managed by Stifel, JMP Securities, and Roth Capital Partners, highlighting Veritone's strong market position in AI technology and solutions.

Veritone, Inc. (NASDAQ: VERI) has achieved the Amazon Web Services (AWS) Public Safety & Disaster Response (PSDR) Competency status, recognizing its proven AI technologies for public safety. This designation highlights Veritone's expertise as an AWS Technology Partner, demonstrating technical proficiency in developing public safety solutions on AWS. Veritone's aiWARE solutions enhance operational efficiency by extracting actionable intelligence from vast data, including videos and audio. The company emphasizes its commitment to improving public safety and transparency.

Veritone, Inc. (Nasdaq: VERI) has priced its underwritten public offering of 3,000,000 shares at $18.50 per share, with gross proceeds expected to reach $55.5 million before expenses. The offering includes a 30-day option for underwriters to purchase an additional 450,000 shares. Closing is anticipated on December 7, 2020, subject to customary conditions. Stifel, JMP Securities, and Roth Capital Partners serve as joint book-running managers. The offering is registered under SEC Form S-3, and a final prospectus will be filed shortly.

Veritone, Inc. (Nasdaq: VERI) has initiated an underwritten public offering of its common stock, with a 30-day option for underwriters to purchase additional shares. The offering's completion is contingent on market conditions and other factors, with no assurances on timing, size, or terms. Stifel leads the offering, supported by JMP Securities and Roth Capital Partners. The offering will follow a previously filed registration statement with the SEC, effective since June 13, 2018. Details will be outlined in a final prospectus supplement that will also be available on the SEC’s website.

Veritone, Inc. (Nasdaq: VERI) has announced enhancements to its AI-powered applications, Veritone Discovery and Veritone Attribute, aimed at improving campaign analytics for existing and new customers. These enhancements include earned media monitoring, expanded Nielsen data, and improved AI models for increased accuracy. The upgrades enhance user experience and operational efficiency, making it easier for broadcasters to track performance and ad revenue. Veritone's tools currently serve nearly 1,500 global stations, showcasing their significant role in media analytics.

Veritone, Inc. (Nasdaq: VERI) has announced that its AI operating system, aiWARE™, now supports the NVIDIA CUDA platform. This advancement allows organizations to execute intensive AI and machine learning tasks utilizing NVIDIA GPUs, whether on-premises or in cloud environments such as Microsoft Azure and Amazon Web Services. This integration enables faster processing of video, audio, and text data, optimizing performance across various sectors, including energy, security, smart cities, media, and industrial applications.

Veritone, Inc. (Nasdaq: VERI) has secured three new patents for its battery control technology, increasing its total to 13 patents with 16 applications pending. These innovations enable real-time synchronization and control of batteries, enhancing power distribution, safety, and efficiency in green energy grids. Veritone's technologies address challenges in Distributed Energy Resource integration, aiding utilities and battery providers in optimizing operations. CEO Chad Steelberg emphasized the importance of AI in overcoming technical barriers in energy storage and distribution.