Veritone Inc. (VERI): AI Operating System Transforming Businesses

Veritone Inc. (VERI) is a leader in designing human-centered AI solutions, offering an enterprise-grade AI platform called aiWARE. This platform enables organizations to deploy AI solutions quickly and without significant machine learning expertise. Veritone's aiWARE platform differentiates itself from other AI solutions through its modular and customizable nature, access to hundreds of cognitive engines, real-time processing, expanded cognitive capabilities, turnkey applications, and industry-specific solutions.

Veritone's aiWARE platform is most effective in industries where there is a need to extract insights from large amounts of unstructured data, such as audio, video, and text. Key use cases and industries where Veritone's AI operating system is most effective include Media and Entertainment, Government, Legal and Compliance, and Sports. For instance, the Los Angeles Chargers use Veritone's aiWARE platform to analyze metadata from games, enabling them to gain insights into player performance and make data-driven decisions. Additionally, the Lake Stevens Police Department uses Veritone Redact to automatically redact sensitive information from body-worn camera footage, increasing productivity by 90%.

Veritone's business model balances subscription-based and consumption-based revenue streams to provide a diversified and stable revenue base. As of Q1 2024, Veritone's ARR (Annual Recurring Revenue) from subscription-based customers was $48.6 million, representing 67% of the total ARR. This demonstrates the significance of subscription-based revenue in Veritone's business model. Veritone also generates revenue through consumption-based services, such as Managed Services, which contributed $16.4 million to the overall revenue mix in Q1 2024.

Veritone's aiWARE platform offers a range of prebuilt and custom solutions and applications, platform technology, and services to help organizations meet their advertising, operational, recruitment, and content goals. These include Veritone ONE, Veritone Licensing, PandoLogic, Broadbean, and more. Veritone's dedicated experts can work with organizations to develop custom solutions that meet their specific needs, ensuring that the platform is tailored to their unique requirements.



In conclusion, Veritone Inc. (VERI) is a leader in designing human-centered AI solutions, offering an enterprise-grade AI platform called aiWARE. This platform is most effective in industries where there is a need to extract insights from large amounts of unstructured data, such as audio, video, and text. Veritone's business model balances subscription-based and consumption-based revenue streams to provide a diversified and stable revenue base. The aiWARE platform offers a range of prebuilt and custom solutions and applications, platform technology, and services to help organizations meet their advertising, operational, recruitment, and content goals. Veritone's dedicated experts can work with organizations to develop custom solutions that meet their specific needs, ensuring that the platform is tailored to their unique requirements.