Veritone

Veritone

AI-powered data analytics and insights platform

About Veritone

Simplify's Rating
Why Veritone is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

AI & Machine Learning

Company Size

201-500

Company Stage

IPO

Total Funding

$67M

Headquarters

Costa Mesa, California

Founded

2014

Overview

Veritone provides AI-powered solutions through its proprietary platform, aiWARE, which helps businesses and government organizations convert audio, video, and other data into actionable insights. The aiWARE system orchestrates various machine learning models to analyze data, enabling clients to make informed decisions based on complex information. Unlike many competitors, Veritone focuses on industry-specific applications, serving clients in sectors such as media, legal, and public safety. The company's goal is to optimize operations and enhance decision-making processes for its diverse clientele by offering customized AI solutions and intelligent process automation.

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Significant Headcount Growth
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Funded Recently
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for AI analytics in law enforcement boosts Veritone's Contact Analytics tool.
  • Integration with AWS Marketplace expands Veritone's reach and accessibility for AI services.
  • Veritone's Data Refinery addresses the need for transforming unstructured data into AI-ready assets.

What critics are saying

  • Increased competition from AI providers like C3.ai and Palantir Technologies.
  • Potential over-reliance on partnerships with large platforms like AWS.
  • Expansion into international markets may lead to regulatory and compliance challenges.

What makes Veritone unique

  • Veritone's aiWARE platform orchestrates diverse machine learning models for data analysis.
  • The company offers industry-specific AI solutions for media, legal, and public safety sectors.
  • Veritone transforms complex data into actionable insights, enhancing decision-making for clients.

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Funding

Total Funding

$67M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Competitive salary

Flexible PTO

Remote first environment

Recognition programs

Stock options

Mindfulness resources

401K matching

Medical, dental, & vision coverage

Growth & Insights and Company News

Headcount

6 month growth

14%

1 year growth

12%

2 year growth

12%
Stock Titan
Jan 9th, 2025
Veritone Introduces Contact Analytics for California Law Enforcement to Enhance Real-Time Data Insights and Strengthen Public Trust

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.

Business Wire
Jan 3rd, 2025
Veritone Announces Pricing of $20.3 Million Registered Direct Offering

Veritone, Inc. (NASDAQ: VERI) (“Veritone” or the “Company”), a leader in building human-centered enterprise AI solutions, today announced that it has

Veritone
Dec 5th, 2024
Veritone Announces AI Services Now Available on AWS Marketplace

Generative AI / Retrieval-Augmented Generation - Veritone's comprehensive generative AI services, integrated with AWS' robust AI and machine learning stack, empower organizations to transform their vast repositories of data and content into actionable assets through custom, domain-specific large language models and knowledge graphs.

Insider Monkey
Nov 24th, 2024
Veritone (VERI) Launches Data Refinery: Transforming Unstructured Data for AI

Veritone (VERI) launches Data Refinery: transforming unstructured data for AI.

AiThority
Nov 20th, 2024
Veritone Unveils Data Refinery to Power Next-Generation AI Technology

Veritone, a leader in building enterprise AI solutions, today announced the launch of Veritone Data Refinery (VDR) a groundbreaking offering designed to help enterprises transform vast amounts of unstructured data into high-quality, AI-ready assets.

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