Veritone, Inc. develops enterprise artificial intelligence and data solutions for commercial, government and regulated-sector customers. Its updates center on the aiWARE platform, which orchestrates machine learning models for audio, video and other data, along with industry applications such as Broadbean by Veritone for job distribution, iDEMS for investigative digital evidence management, and Discovery Content Intelligence for media archives.
Recurring news also covers Veritone Data Refinery and Veritone Data Marketplace, privacy and redaction tools for unstructured data, customer deployments in public-sector and enterprise markets, technology partnerships, and quarterly operating updates. Company announcements frequently connect its AI software, data services and managed services to hiring workflows, digital evidence, media analysis, data preparation and cloud infrastructure.
Veritone (NASDAQ: VERI) has announced a strategic partnership with Alteryx (NYSE: AYX) to enhance data analysis capabilities. This collaboration integrates Veritone's aiWARE operating system with the Alteryx platform, enabling users to convert unstructured data into actionable insights. As over 80% of global data is unstructured, this integration is set to unlock numerous applications across various industries. Veritone's AI tools are now available for Alteryx users to facilitate rapid analytics, providing a significant expansion in market reach for Veritone.
Veritone, Inc. (NASDAQ: VERI) will participate in the 23rd Annual Needham Virtual Growth Conference from January 11-15, 2021. Veritone's management is set to present on January 11 at 1:15 pm PT / 4:15 pm ET, with a webcast available for replay here. One-on-one meetings with management will also take place on the same day. Veritone is known for its aiWARE™ operating system that delivers AI solutions across various industries.
Veritone, Inc. (NASDAQ: VERI) has launched Veritone Automate Studio, a low-code workflow designer integrated with aiWARE, enabling rapid deployment of AI-powered workflows. This tool supports organizations in intelligent process automation (IPA) and hyperautomation, facilitating the integration of AI insights into existing business processes. Features include pre-integrated AI models, event-driven workflows, and ready-to-deploy templates for diverse applications. The launch aims to democratize AI access, enhancing operational efficiency and offering a competitive edge across industries.
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.