Veritone (NASDAQ:VERI) operates an artificial intelligence (AI) software and services business designed to help organizations derive actionable insights from unstructured data. The company’s flagship offering, aiWARE, is an AI operating system that orchestrates multiple machine learning models—referred to as “engines”—to transform audio, video, text and other data types into structured, searchable information. Clients in media and entertainment, legal and compliance, government, advertising, and energy sectors use aiWARE to automate transcription, translation, object recognition, sentiment analysis and more.
In the media and entertainment space, Veritone’s solutions enable broadcasters, rights holders and production houses to index and monetize content by extracting metadata that streamlines editing, licensing and distribution workflows. Legal professionals and compliance officers leverage Veritone’s eDiscovery and case management applications to accelerate investigations and ensure regulatory compliance through rapid review of recorded communications. In the public safety and government markets, the company’s software assists law enforcement agencies with real-time audio and video analysis to support criminal investigations and public safety operations.
Founded in 2014 and headquartered in Costa Mesa, California, Veritone has expanded its global footprint through strategic partnerships and a network of certified channel partners. The company’s leadership team includes co-founders Chad Steelberg and Ryan Steelberg, who serve as executive chairman and president respectively, and bring decades of experience in technology entrepreneurship. Under their guidance, Veritone has continued to innovate its AI platform, adding new engines and applications that address emerging market needs such as environmental monitoring, intellectual property protection and advertising optimization.
Veritone generates revenue through subscription-based software licenses, usage fees for individual AI engines and professional services that support custom deployments and model training. By offering a scalable, multitenant architecture, Veritone positions aiWARE as a flexible solution for enterprises looking to harness the growing power of AI and machine learning without the complexity of managing disparate tools and infrastructure in-house.