OverviewSuggest Edit

Veritone is a cloud-based cognitive software company, which develops an artificial intelligence platform for various markets. Its operating system, aiWARE, orchestrates an ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. The Company also offers media agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics to manage, deliver, optimize, verify, and quantify advertising campaigns and content distribution for various clients across multiple channels comprising broadcast radio, satellite audio, streaming audio, broadcast and cable television, digital video, and podcasting.

TypePublic
Founded2014
HQCosta Mesa, CA, US
Websiteveritone.com
Employee Ratings3
Overall CultureD

Latest Updates

Employees (est.) (Feb 2019)317(+45%)
Revenue (FY, 2018)$27 M(+88%)
Share Price (Sept 2021)$25(+16%)
Cybersecurity ratingBMore
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Key People/Management at Veritone

Jeff P. Gehl

Jeff P. Gehl

Director
Ryan Steelberg

Ryan Steelberg

President & Director
Knute P. Kurtz

Knute P. Kurtz

Director
Chad Steelberg

Chad Steelberg

Chairman & CEO
Nayaki R. Nayyar

Nayaki R. Nayyar

Director
Richard H. Taketa

Richard H. Taketa

Director
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Veritone Office Locations

Veritone has offices in Costa Mesa, Arlington, Binghamton, Denver and in 4 other locations
Costa Mesa, CA, US (HQ)
575 Anton Blvd #100
Arlington, VA, US
1100 Wilson Blvd
Binghamton, NY, US
218 Water St #230
Denver, CO, US
1515 Arapahoe St tower 3, suite 400
New York, NY, US
368 9th Ave #1000
San Diego, CA, US
3560 Dunhill St #120
Show all (8)

Veritone Financials and Metrics

Veritone Revenue

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View revenue for all periods
Veritone's revenue was reported to be $27.05 m in FY, 2018 which is a 87.7% increase from the previous period.
USD

Revenue (Q3, 2019)

12.8m

Gross profit (Q3, 2019)

8.0m

Gross profit margin (Q3, 2019), %

62.9%

Net income (Q3, 2019)

(14.2m)

EBIT (Q3, 2019)

(16.2m)

Market capitalization (23-Sept-2021)

708.1m

Closing stock price (23-Sept-2021)

25.0

Cash (30-Sept-2019)

49.2m
Veritone's current market capitalization is $708.1 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

8.9m14.4m27.0m

Revenue growth, %

(36%)62%88%

Cost of goods sold

1.6m1.1m6.5m

Gross profit

7.3m13.3m20.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

3.1m4.1m3.7m4.4m4.2m7.5m12.1m12.3m12.8m

Cost of goods sold

196.0k336.0k292.0k564.0k820.0k1.6m3.9m4.6m4.8m

Gross profit

2.9m3.8m3.4m3.8m3.3m6.0m8.3m7.7m8.0m

Gross profit Margin, %

94%92%92%87%80%79%68%63%63%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

12.1m29.5m37.5m

Accounts Receivable

4.8m7.7m29.1m

Prepaid Expenses

1.1m2.8m3.6m

Current Assets

21.4m83.8m86.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

8.8m65.9m20.8m21.0m52.7m46.1m39.8m40.3m49.2m

Accounts Receivable

7.7m12.2m10.1m9.7m11.6m21.7m26.4m26.8m28.9m

Prepaid Expenses

3.2m2.4m2.8m2.3m3.0m3.7m2.9m3.6m4.8m

Current Assets

24.5m88.8m78.5m71.6m97.8m98.3m87.3m80.5m89.0m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(27.0m)(59.6m)(61.1m)

Depreciation and Amortization

151.0k253.0k3.7m

Accounts Payable

(9.2m)1.0m13.1m

Cash From Operating Activities

(26.8m)(31.9m)(42.2m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(5.8m)(27.4m)(46.8m)(13.0m)(27.4m)(43.3m)(16.3m)(33.0m)(47.2m)

Depreciation and Amortization

59.0k119.0k176.0k355.0k828.0k1.4m1.1m2.7m4.3m

Accounts Payable

4.3m6.0m3.5m913.0k2.4m6.0m(8.0m)(10.3m)(5.3m)

Cash From Operating Activities

(5.1m)(16.5m)(20.4m)(13.2m)(21.3m)(25.0m)(4.6m)(16.6m)(18.4m)
USDFY, 2016

Debt/Equity

-0.3 x

Debt/Assets

0.6 x

Financial Leverage

-0.5 x
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Veritone Operating Metrics

Q1, 2017Q2, 2017Q3, 2017FY, 2017FY, 2018

Resellers

15223739

Patents (US)

8991822

Patent Applications

6352493839

AI Cognitive Engines

120180
Show all operating metrics

Veritone Acquisitions / Subsidiaries

Company NameDateDeal Size
PandoLogicSeptember 14, 2021
Machine BoxSeptember 10, 2018
Performance Bridge MediaAugust 13, 2018
Wazee Digital, Inc.August 13, 2018$15 m
T3Media Europe Limited
Veritone Alpha
Veritone Consumer
Veritone Enterprise
Veritone Finance
Veritone, LLC
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Veritone Revenue Breakdown

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Veritone revenue breakdown by business segment: 14.6% from aiWARE Content Licensing and Media Services, 22.0% from aiWARE SaaS Solutions and 63.4% from Advertising

Veritone Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Veritone Online and Social Media Presence

Embed Graph

Veritone Company Culture

  • Overall Culture

    D

    61/100

  • CEO Rating

    A

    78/100

  • Compensation

    D-

    50/100

Learn more on Comparably

Veritone News and Updates

Veritone aiWARE Now Available on Carahsoft GSA Schedule

New Award Expands aiWARE Availability for US Federal, State and Local Agencies New Award Expands aiWARE Availability for US Federal, State and Local Agencies

Veritone One Subscribes To Nielsen's Podcast Buying Power Service

NEW YORK, Aug. 12, 2020 /PRNewswire/ -- Nielsen (NYSE: NLSN) today announced that Veritone One, Inc. is now a subscriber to Nielsen's Podcast Buying Power service. With headquarters in Costa Mesa, Calif., Veritone One is one of the world's largest full-service performance-based audio...

Thinking about trading options or stock in Veritone Inc, Six Flags Entertainment, Facebook, Vivint Solar, or Southwest Airlines?

NEW YORK, July 9, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for VERI, SIX, FB, VSLR, and LUV. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Veritone – Too High To Enter?

After a 700% rally from 23rd March, we believe Veritone’s stock does not have room to grow based on its valuation. Veritone’s stock has rallied from $2 to $17 off the recent bottom compared to the S&P which moved 38%. The recovery was first seen after the company announced that it will be...

Thinking about trading options or stock in Spotify, Veritone Inc, Yum China, JetBlue Airways, or Penn National Gaming?

NEW YORK, June 19, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SPOT, VERI, YUMC, JBLU, and PENN. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

New AI eDiscovery tool “reduces legal review hours by 99 percent” – we speak to Veritone

California AI specialist Veritone has launched a new eDiscovery tool, Veritone Illuminate, which searches, analyses, culls and explores audio and video evidence as well as text evidence. It's unusual to see facial recognition as part of an eDiscovery package: we speak to Chris Ricciuti, vice preside…
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Veritone Blogs

Breaking Down Synthetic Voice And Its Use Cases

In the previous chapters, we talked about text-to-speech AI, voice cloning, and deepfake voice. In this article, we’ll talk about synthetic voice and where it fits in the conversation. Continue to read or jump around to learn about: What’s a synthetic voice? How do you create a custom artificial voi…

Understanding Text-to-Speech AI

As the third installment in our Deepfake Voice series, we will focus on text-to-speech synthesis and how artificial intelligence (AI) has evolved to make accurate, realistic voice outputs. Briefly touched on in our previous blog on voice cloning, text-to-speech is an approach that has historically b…

Veritone Becomes First Multi Cloud AI Platform Provider Approved for Use Across the Entire US Department of Justice

Expands from Executive Office for the United States Attorneys to All 59 DOJ Agencies Latest Authority To Operate (ATO) Expands Support to Microsoft Azure Government Cloud Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, announced today the expanded availabi…

Bauer Media UK Signs With Veritone to Supercharge Audio and Video Campaigns

Veritone Discovery Offers a Comprehensive, Customisable Analytics Suite for Audio and Video Data Veritone, Inc. (NASDAQ: VERI), creator of aiWARE, a hyper-expansive Enterprise AI platform, today announced a new collaborative effort with Bauer Media UK, part of the Bauer Media Group, to have their pr…

Why Veritone is Going Pink

Did you know, according to the American Cancer Society, breast cancer accounts for 29% of newly diagnosed cancers? Did you also know men can get breast cancer? About 2,150 are diagnosed annually—or about 1 in 1,000 men. We’re going pink for October and here’s why: simply put, it’s Breast Cancer Awar…

What Is Voice Cloning And How Does It Work?

In the second installment to our deepfake voice series, we will explore voice cloning by defining what it is, how it works, and the benefits of this new technology. As we progress through this series, we’ll delve into more detail on synthetic voice content, how you can create one, and ways to addres…
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Veritone Frequently Asked Questions

  • When was Veritone founded?

    Veritone was founded in 2014.

  • Who are Veritone key executives?

    Veritone's key executives are Jeff P. Gehl, Ryan Steelberg and Knute P. Kurtz.

  • How many employees does Veritone have?

    Veritone has 317 employees.

  • What is Veritone revenue?

    Latest Veritone annual revenue is $27 m.

  • What is Veritone revenue per employee?

    Latest Veritone revenue per employee is $85.3 k.

  • Who are Veritone competitors?

    Competitors of Veritone include Tremor International, FICO and Absolutdata.

  • Where is Veritone headquarters?

    Veritone headquarters is located at 575 Anton Blvd #100, Costa Mesa.

  • Where are Veritone offices?

    Veritone has offices in Costa Mesa, Arlington, Binghamton, Denver and in 4 other locations.

  • How many offices does Veritone have?

    Veritone has 8 offices.