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    VERI   US92347M1009

VERITONE, INC.

(VERI)
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Veritone Named Winner in the 2021 Deloitte Technology Fast 500

11/17/2021 | 07:05am EST

For being one of the most innovative, fastest-growing technology companies in North America

Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, is a 2021 winner in Deloitte’s Technology Fast 500. The program recognizes the most innovative, fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, ranking each company out of 500 winners. Deloitte bases the ranking on a company’s percentage of revenue growth from the 2017-2020 fiscal years.

Veritone continues to evolve its portfolio of technology solutions and its rich ecosystem of clients and partners, including some of the most recognizable brands in commercial and regulated sectors. From launching MARVEL.ai, a groundbreaking synthetic voice solution winning the 2021 Product of the Year Award from NAB, to the acquisition of PandoLogic, a leading provider of intelligent AI hiring solutions, Veritone is helping brands take the next steps beyond digital transformation. Part of this strategy includes delivering the metaverse to global enterprises through its synthetic voice and conversational AI solutions.

“We’re pleased to be named in the top 500 in North America for this award along with other leading companies such as Snowflake and Alteryx,” Ryan Steelberg, president of Veritone. “This further validates how much we’ve grown in the last year and gives us the confidence to continue investing in our innovative AI services and solutions.”

AI adoption is growing exponentially across energy, healthcare, and other regulated verticals. This is especially apparent with government agencies. Veritone Contact, a recently announced intelligent stop data collection application developed in close collaboration with the California State DOJ, has received the fastest adoption in the company’s history. Meeting the technology demands of agencies head on, Veritone recently became the first multi-cloud AI provider approved for use across the entire Department of Justice.

“While the growth in data has been widely talked about in commercial industries, the regulated sectors, particularly with government agencies, has only recently started receiving serious attention,” Jon Gacek, head of government, legal and compliance at Veritone. “aiWARE, the Veritone Enterprise AI platform, is providing the technological foundation to prepare government agencies for the future with AI."

With the addition of PandoLogic, winner of the 14th Annual 2021 Woman World Awards for best technology to combat and reduce the impact of COVID-19, Veritone continues to lead the way in inspiring the future for everyone through the power of AI. Through its Enterprise AI platform, aiWARE, its industry-focused solutions and applications, experience-driven professional and managed services, and growing partner ecosystem, Veritone is helping build a safer, more vibrant, transparent, and empowered society.

About Veritone

Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s hyper-expansive Enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve the problems of today and tomorrow.

To learn more, visit Veritone.com.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


ę Business Wire 2021
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Analyst Recommendations on VERITONE, INC.
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Financials (USD)
Sales 2021 105 M - -
Net income 2021 -55,0 M - -
Net Debt 2021 - - -
P/E ratio 2021 -8,09x
Yield 2021 -
Capitalization 461 M 461 M -
Capi. / Sales 2021 4,39x
Capi. / Sales 2022 2,60x
Nbr of Employees 308
Free-Float 86,0%
Chart VERITONE, INC.
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Veritone, Inc. Technical Analysis Chart | VERI | US92347M1009 | MarketScreener
Technical analysis trends VERITONE, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 13,22 $
Average target price 34,80 $
Spread / Average Target 163%
EPS Revisions
Managers and Directors
Chad Edward Steelberg Chairman & Chief Executive Officer
Ryan S. Steelberg President & Director
Michael L. Zemetra Chief Financial Officer, Treasurer & Executive VP
Albert Brown Senior Vice President-Engineering
Scott Bogdan Senior Vice President-Operations
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