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) has announced a major enhancement to its Veritone Contact solution with Contact Analytics, a tool designed to transform how law enforcement agencies analyze stop data. Built on the aiWARE enterprise AI platform, this solution enables agencies to access near real-time analytics on traffic and pedestrian stop data, supporting compliance with California's Racial and Identity Profiling Act (RIPA).
The new Contact Analytics feature allows agencies to instantly analyze their complete stop data repository, rather than waiting for annual reports from the California State Department of Justice. The system offers customizable filters for data analysis by various parameters including year, month, race, and use of force, along with detailed demographic breakdowns and comprehensive insights into stops, searches, and force metrics.
Veritone (NASDAQ: VERI) has announced a registered direct offering of 8,023,716 shares of common stock at $2.53 per share (or pre-funded warrants at $2.52) to Esousa Group Holdings, The offering is expected to generate approximately $20.3 million in gross proceeds before expenses.
The pre-funded warrants come with a $0.01 exercise price, are immediately exercisable, and have a five-year term. The offering is anticipated to close around January 3, 2025. Veritone plans to use the net proceeds for working capital, general corporate purposes, capital expenditures, debt service, repayment of indebtedness, and further development of its AI platform and applications.
The offering is being conducted under a shelf registration statement on Form S-3 that became effective on June 21, 2024.
Veritone (NASDAQ: VERI) has renewed its exclusive global licensing agreement with CBS News, expanding the partnership to include CBS Owned Stations' local news content. The multi-year contract renewal enables Veritone to continue providing content licensing solutions, giving creators access to millions of hours of CBS News archival and breaking news content.
CBS News and Stations will utilize Veritone's aiWARE enterprise AI platform, which enhances content accessibility across distribution channels and creates new monetization opportunities. The platform indexes the CBS library with time-correlated metadata, enabling precise search and retrieval of specific scenes, quotes, or highlights, while automating rights management and delivery.
Veritone (NASDAQ: VERI) has announced the availability of its Artificial Intelligence Solutions Group (AISG) offerings on the AWS Marketplace. This expansion allows organizations to access, purchase, and deploy Veritone's AI solutions directly within the AWS cloud environment.
The AISG offerings include Data/AI Enablement Workshops, AI Solution Development, Generative AI/Retrieval-Augmented Generation, Data Modernization, Data Analytics & Visualization, Database Migration & Optimization, and Database Governance. This move follows Veritone's three-year Strategic Collaboration Agreement with AWS and their achievement of AWS Advanced Tier Services Partner status within the AWS Partner Network.
Veritone (NASDAQ: VERI) has launched Veritone Data Refinery (VDR), a new solution that transforms unstructured data into AI-ready assets using their aiWARE™ platform. The solution addresses the predicted shortage of high-quality text data by 2026, enabling organizations to convert various data types into structured datasets for training Large Language Models and Large Multimodal Models.
VDR creates a centralized repository for managing and securing intellectual property, offering enterprise-grade encryption, GDPR compliance, and SOC2 certification. The platform allows organizations to extract value from Veritone's 20+ applications, develop custom AI solutions, and explore data monetization opportunities through third-party licensing.
Veritone (NASDAQ: VERI) has announced its participation in Needham's 6th Annual Virtual Infrastructure, Data Analytics Software, and Cloud Communications Conference. President and CEO Ryan Steelberg and CFO Mike Zemetra will deliver a presentation on November 20, 2024, at 1:30 PM ET, followed by a 15-minute Q&A session.
Investors can access the live webcast through the Veritone Investor Relations website under the News & Events section. Interested parties can arrange one-on-one meetings with management through their Needham representative or by contacting Veritone's investor relations directly.
Veritone (NASDAQ: VERI) has launched its AI-powered programmatic job advertising service in Australia. The solution optimizes recruitment by automating job ad placements across over 2,000 job boards in 180+ countries, integrating with 120+ application tracking systems. The service includes automated diversity job posting aligned with OFCCP standards. Aveo Group, an early adopter, reports significant improvements in application volume and quality, along with optimized recruitment costs through the implementation of Veritone's AI-driven solution.
Veritone (NASDAQ: VERI) has achieved AWS Media and Entertainment Services Competency in Media Supply Chain and Data Science & Analytics, demonstrating its expertise in AI solutions for media and entertainment operations. This achievement provides customers with technical validation, support, and access to AWS' latest tools. The company becomes eligible for the AWS Migration Acceleration Program (MAP), helping customers migrate data workflows to AWS. Veritone's aiWARE™ platform integrates over 300 AI models across 20+ cognitive categories, offering enhanced data analysis and governance capabilities.
Veritone (VERI) reported Q3 2024 revenue of $22.0 million, down 21% year-over-year. Software Products & Services revenue decreased 28% to $14.7 million, while Managed Services revenue was $7.3 million. The company reported a net loss of $21.7 million. Notable developments include the divestiture of Veritone One for up to $104 million and debt reduction of $30.5 million. The company maintains 3,291 Total Software Products & Services Customers with ARR of $63.3 million. Looking ahead, Veritone projects FY2025 revenue growth up to 30% year-over-year and over 45% improvement in Non-GAAP Net Loss compared to FY2024 guidance.
Veritone released its analysis of Q3 2024 U.S. Bureau of Labor Statistics jobs data and AI job growth trends. Total nonfarm payroll employment increased by 510,000 in Q3, down 4% from Q2, with unemployment steady at 4.1%. AI job vacancies reached 31,610, showing a 6.6% increase from Q2 and a 37.5% year-over-year growth. The median AI job salary was $158,298, up 4.0% year-over-year. AI roles commanded a 25% premium over non-AI IT positions, with AI software developers earning 19% more than their non-AI counterparts. California, New York, and Virginia showed the largest salary gaps between AI and non-AI IT roles.