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.
Company Size
201-500
Company Stage
IPO
Headquarters
Irvine, California
Founded
2014
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Veritone, a leader in enterprise AI solutions, announced a registered direct offering of 20 million shares of common stock. The offering is expected to close on or about 2 October 2026, subject to customary conditions. The company expects to raise approximately $15 million in gross proceeds before expenses. Needham & Company and A.G.P/Alliance Global Partners acted as co-placement agents for certain investors. Veritone intends to use the net proceeds, along with existing cash, to repay or restructure a portion of its convertible debt and for working capital and general corporate purposes. The offering is being conducted pursuant to a shelf registration statement filed with the Securities and Exchange Commission in June 2024.
Why Veritone (VERI) stock fell after announcing a $15 million equity offering. Veritone (VERI) shares fell 36.89% during regular trading on October 1, 2026 after the AI software company announced a $15.0 million equity offering, raising concerns about dilution and the company's financial position. Veritone (VERI) shares fell 36.89% during regular trading on October 1, 2026, after the AI software company announced a $15.0 million equity offering. The announcement, published by Business Wire at 11:45 AM ET, triggered a significant sell-off as investors reacted to dilution concerns and questions about the company's financial position. What happened. On October 1, 2026, Veritone issued a press release announcing an equity offering of $15.0 million. The announcement came during the trading day, causing an immediate and sharp decline in the stock price. By the end of regular trading hours, VERI had dropped from the previous close of $1.22 to $0.77, representing a loss of approximately 37% in a single session. The equity offering was announced via Business Wire, which distributed the company's formal disclosure to investors. Trading volume spiked to over 2.3 million shares, well below the stock's average daily volume of approximately 3 million shares, indicating concentrated selling pressure during the announcement. Why the stock moved. The primary concern driving the decline was shareholder dilution. When a company sells new shares to raise capital, existing shareholders own a smaller percentage of the company after the transaction closes. An offering of $15 million at current prices represents a substantial number of new shares relative to Veritone's existing share count of approximately 50.5 million shares. The announcement also raised questions about Veritone's financial position. The company's decision to pursue an equity offering rather than debt financing suggests management may be concerned about liquidity or balance sheet strength. In August 2026, Veritone reported second quarter results and provided an update on cost reduction efforts, indicating the company has been working to improve its financial position through expense management. The numbers. Veritone entered October 1 with a market capitalization near $62 million based on the previous close of $1.22. Following the 36.89% decline, the company's market cap fell to approximately $39 million. The stock closed at $0.77, its lowest level in recent trading history. Trading volume reached 2,310,410 shares during the session, representing approximately 77% of the stock's average daily volume of 3,002,752 shares. Short interest stands at 18,165,482 shares, with 6.05 days to cover based on average daily volume as of mid-September 2026. This elevated short interest suggests some traders had bet against the stock, potentially amplifying the decline. What to watch. Investors should monitor whether Veritone proceeds with the full $15.0 million offering or adjusts the size. The final pricing terms, including the number of shares issued and the discount to the pre-announcement price, will determine the full impact on existing shareholders. The company's cash position and runway will also be in focus following the offering. Veritone's recent cost reduction initiatives, including a partnership with Oracle targeting cost savings, suggest management has been working to improve operating efficiency. The equity raise may extend the company's financial runway while it pursues these efficiency measures. Any further disclosures from Veritone regarding the use of proceeds from the offering could provide additional clarity on the company's strategic priorities and financial health. For more details on Veritone's quote, filings, and news, visit the VERI quote page on Vantafin. Common questions. Why did Veritone (VERI) stock drop today? What is an equity offering and why does it hurt existing shareholders? Is Veritone (VERI) a profitable company?
Veritone strikes licensing deal for ATP Media tennis archive. [email protected] September 29, 2026 Veritone has signed a multi-year agreement with ATP Media to manage and license the organization's tennis archive to broadcasters, brands, production companies and content creators across North America. Under the agreement, Veritone will provide archiving, cloud hosting, artificial intelligence processing and licensing services for ATP Media, the broadcast production and distribution arm of the ATP Tour. The archive includes match highlights, notable moments, player features and other footage from ATP Tour events around the world. Veritone said the material will be available for licensing across documentaries, news programming, advertising campaigns and digital content. ATP Media's content will be managed through Veritone's AI-powered Digital Media Hub, which provides metadata tagging and search tools designed to help licensees find specific footage. The platform also incorporates e-commerce and rights management capabilities, allowing customers to search for footage, request licensing and complete transactions through the same system. "Every season adds new chapters to the ATP Tour's story, but the moments that define the sport continue to resonate long after the final point," Alan Bruno, the Head of Business Development at ATP Media, said in a statement. Bruno said the partnership is intended to expand access to ATP Media's archive among brands, editorial organizations and other video licensees in North America. The agreement expands Veritone's sports content licensing business, through which the company provides rights holders with tools to archive, manage and monetize their video libraries. "Some of the most memorable moments in sports deserve a life far beyond the live broadcast," Veritone Vice President of Sports Media and Commercial Partnerships Craig Caruso said on Tuesday. Veritone said its licensing platform is intended to give rights holders additional opportunities to generate revenue from archival footage while maintaining control over how their intellectual property is licensed and used.
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.