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Veritone provides AI-powered solutions through its aiWARE platform, which helps businesses and government organizations turn audio, video, and other data into actionable insights. aiWARE acts as an operating system for AI, coordinating many different machine‑learning models to process data and run AI apps and automation. This approach lets users apply industry-specific AI tools to improve operations in areas like media, legal, compliance, and public safety. The company differentiates itself by offering a centralized AI platform that orchestrates multiple models and specializes its solutions for both commercial and government clients, rather than focusing on a single AI product. Veritone’s goal is to help organizations make better decisions and operate more efficiently by turning complex data into clear, insightful information.
Industries
Data & Analytics
Government & Public Sector
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
IPO
Headquarters
Irvine, California
Founded
2014
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Total Funding
$567.1M
Above
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Funded Over
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Veritone will showcase its enterprise AI solutions at IBC2026 in Amsterdam from 11-14 September. The company will demonstrate Veritone Video Intelligence, which uses multimodal indexing and natural language search to help media organisations discover and monetise video content. The platform integrates vision-language models with specialised cognitive tools including face, logo, and object recognition. Users can search entire libraries using natural language queries to retrieve time-coded moments and metadata. Veritone will also present its Digital Media Hub for content distribution and ArchiveIQ for analysing dark archives. The company's Data Marketplace offers rights-cleared content for AI training whilst allowing rightsholders to maintain asset control. Chief Revenue Officer Sean King will speak on two panels discussing AI-ready media infrastructure and content monetisation workflows. The company aims to help organisations transform unstructured media libraries into searchable, monetisable intelligence at enterprise scale.
Veritone gives its FOIA redaction software an AI boost. Public agencies and police face more pressure to release more documents to residents and others. That has opened up a business opportunity for gov tech software suppliers. August 26, 2026 - The latest product play from Veritone aims to reduce the pain of redactions as public officials face more demands to release police and other records. The California-based company, known for its artificial intelligence tools, said in a statement it has added "AI-powered document redaction" to Veritone Redact, which automates the removal of sensitive information according to Freedom of Information Act (FOIA) regulations. Redaction can apply to information gained via police body cameras and other video sources, audio information, images and documents. Clients from the federal government down to the smallest school district or police department can use such technology as they work to fulfill Freedom of Information Act requests from citizens, activists, journalists, businesses and others. Veritone emphasizes the human review stands as a vital part of the redaction process, even when it involves AI. The company also touts the ability of its new AI redaction tool to function as what the statement called an "all-in-one suite capable of now handling image, audio, video, and document redaction" from a single hub. "We control the whole stack," CEO Ryan Steelberg said. "It's really a one-stop shop." The tool can help agencies clear evidence backlogs and meet deadlines that govern when information is released to the public. Requests for public data, including from police, have been steadily rising at all levels of government, according to various reports and surveys - underscoring the business case for redaction tools. In July, for instance, the U.S. Department of Justice reported that FOIA requests to the federal government increased nearly 14 percent year over year in fiscal 2025, hitting a "record-setting" 1.7 million requests. The previous five years brought steady growth in such requests and there are no signs that activity will slow. Similar data from state, regional and local agencies is harder to come by but evidence points to similar FOIA growth at those levels of government. For example, data from Washington state shows that records requests have increased after declining during the COVID-19 pandemic - and that means agencies are taking longer to release records, with legally mandated or allowed redactions contributing to delays. Experts have pointed to automation software, more data-driven journalism and political tensions as some of the reasons for the across-the-board spike in public agency information requests. According to Steelberg, this new Veritone tool also shows how the company can gain clients that tend to use software and gear from single providers, including in the public safety space. "Horizontal complimentary software can break in assuming you have a good product and price point," he said.
IBC 2026: MultiDyne MRMC to exhibit for first time as part of MultiDyne organization. 20/08/2026 MultiDyne Video and Fiber Optic Systems will demonstrate camera robotics and motion control at IBC2026, with MRMC (MultiDyne Robotics Motion Control) exhibiting for the first time as part of the MultiDyne organization. MRMC will have a dedicated presence in Hall 12 (Stand 12.H11), alongside MultiDyne's existing Hall 11 stand (11.C12). IBC gives us an important opportunity to reinforce that MRMC remains the same innovative business our customers know, says Neil Maycock, Managing Director, MultiDyne MRMC. We have preserved the respected MRMC brand along with its core technologies, intellectual property, manufacturing capabilities and key engineering expertise. Customers will see familiar faces, established products and the same commitment to exceptional engineering and support. The Hall 12 exhibit will cover three MRMC product families. Cinebot Nano is a nine-axis robot supporting cameras up to 7kg with one meter of reach, designed for filmmakers and smaller production teams. It supports PushMoco control for recording keyframes by physical positioning, and includes Flair Lite software for creating repeatable camera moves. The system can be mounted to pedestals, tripods, tables, carts, vehicles, or in an inverted configuration. StudioBot is a robotic arm for broadcast production, available in multiple configurations and controlled via Robokam software for creating and editing shots, moves, and playlists across multiple robotic systems. Slidekamera by MRMC extends the portfolio into rail-based motion systems, ranging from modular sliders to PTZ camera movers. The ATLAS platform supports both cinematic moves and automated studio workflows in modular configurations. MRMC gives MultiDyne a presence at the very beginning of the content creation chain, and that creates tremendous possibilities for what these technologies can ultimately accomplish together, says Frank Jachetta, CEO, MultiDyne. Our immediate priority is to strengthen MRMC through investment, resources and scalable processes while protecting everything that has made the brand successful. At the same time, we are building the foundation for powerful integrated solutions that unite camera robotics with the broader production workflow. 05/01/2027. Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be... 07/10/2026. Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build... 06/09/2026. June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl... 20/08/2026. From host-broadcaster and rightsholder support in June and July to MLS, NWSL, US... 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VERI stock slides as Veritone warns on 2026 revenue and faces fraud suit. MATT MONACO - UPDATED AUG. 16, 2026, 10:06 AM ET Veritone Inc. stocks have been trading down by -22.15 percent amid heightened concerns over its AI monetization strategy and profitability. What traders need to know. * Q2 results showed a larger-than-expected loss and a revenue miss, while 2026 revenue guidance of $100M-$115M came in well under the roughly $135M Wall Street was looking for. * Management at Veritone Inc. is pushing a turnaround story built on restructuring, cost cuts, and public-sector VDR growth, targeting operating profitability by the first half of 2027. * A pending securities-fraud class action alleges misreported revenue and costs, overstated financial metrics, and weak internal controls, with expected restatements covering 2025-2026. * The company has admitted prior financials were materially misstated, including improper revenue accounting under ASC 606 and software valuation errors, triggering multiple 2026 disclosures and sharp share price drops. * Several shareholder-rights firms highlight a July 20, 2026 lead-plaintiff deadline tied to the alleged fraud period, keeping legal and governance risk front and center for VERI. Weekly Update Aug 10 - Aug 14, 2026: On Sunday, August 16, 2026 Veritone Inc. stock [NASDAQ: VERI] is trending down by -22.15%! Discover the key drivers behind this movement as well as its expert analysis in the detailed breakdown below. Technology industry expert: Analyst sentiment - negative Veritone occupies a niche AI-enabled media and public-sector software position but is fundamentally weak and capital constrained. Revenue of ~$92M with a five-year CAGR near 7% is overshadowed by deeply negative margins (EBIT margin -116%, FCF sharply negative, cash flow from operations -$10.6M in Q2). Gross margin is a strong 68.5%, yet ROE of roughly -350% and ROA around -63% underscore severe value destruction. Liquidity is tight: current ratio 0.5, working capital deficit ~$53M, and cash of only ~$12M against current debt of ~$45M. Technically, VERI trades as a low-priced, high-volatility name with a clear short-term downtrend. The weekly tape shows a failed push above $1.50 (1.49-1.52 range) followed by a sharp air pocket to $1.13 and a tepid bounce to $1.16, indicating aggressive supply above $1.50 and weak dip buying. Intraday 5-minute action confirms fading rallies with volume expanding on down moves. The key actionable level is $1.50: below this, bias remains short; only sustained closes above $1.50 would signal a tradable squeeze. Catalysts are decisively negative: multiple securities class actions over revenue misstatements and weak internal controls compound credibility risk, while Q2 results delivered another large loss, revenue miss, and FY26 guidance of $100-115M, well below consensus. Compared with Technology and Software & IT Services peers, VERI's growth, profitability, and balance sheet quality are bottom decile. Even assuming restructuring and a 2027 profitability target, risk-adjusted return is poor. My verdict: avoid or underweight; trading range $0.75-$1.75 near term, resistance $1.50, support ~$1.00. Quick financial overview. Veritone Inc. is trying to sell a restructuring and cost-cutting story into very weak numbers. The latest quarter showed total revenue of about $24.3M, but operating income was a loss of roughly $22.1M and net income a loss of about $22.2M. Key ratios confirm the pressure: profit margins are deeply negative, with EBIT margin around -115.7% and profit margin near -123.8%, even though gross margin is a healthy 68.5%. For traders, that means the core product has pricing power, but overhead and restructuring are crushing the bottom line. Cash flow and the balance sheet also flag risk. Operating cash flow was about -$10.6M for the quarter, with free cash flow near -$12.1M, only partly offset by roughly $9.3M of financing inflows. Cash ended around $12.7M against current debt near $45.5M and a current ratio of 0.5, showing tight liquidity. Enterprise value is roughly $148.6M on revenue of about $92.2M, which translates to a price-to-sales ratio near 1.28x, but that multiple sits on top of heavy losses and negative cash flow. On the tape, VERI is trading like a damaged story. Weekly data show the stock slipping from the mid-$1.50s toward the low-$1 range, with a sharp drop to about $1.13 before a small bounce to roughly $1.16. That intraday candle with a low near $1.10 and a spike up toward $1.29 suggests aggressive selling into strength, likely as traders fade any short-lived bounces. With financial restatements and class-action headlines still in play, this price action fits a pattern where every rally is a potential liquidity event for trapped holders. Conclusion. This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. 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Veritone reported Q2 2026 revenue of $24.3 million, up 20% sequentially and 5% year-over-year. The AI solutions company achieved $11.3 million in annualised cost reductions, targeting $15-20 million by year-end. The quarter saw gross margin compress to 58.5%, down 900 basis points year-over-year. Net loss was $22.2 million, though excluding $4.5 million in restructuring charges, the loss would have been $17.7 million. Veritone reduced total debt to $45 million from $130 million a year earlier, lowering annual debt costs by over $13 million. Cash holdings fell to $12.7 million from $27.7 million at year-end 2025. The company revised 2026 revenue guidance to $100-115 million, citing delayed public sector budgets from the Department of Defence due to the Iran conflict. Annual recurring revenue reached $62 million.
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Industries
Data & Analytics
Government & Public Sector
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
IPO
Headquarters
Irvine, California
Founded
2014
Find jobs on Simplify and start your career today