Veritone Secures $28.75 Million for Human-Centered AI Innovation

Veritone (NASDAQ: VERI) has secured $28,750,000 in investment capital from investors. This significant funding round will support the company's strategic objectives as it continues to develop and deploy its enterprise AI solutions. Veritone specializes in building human-centered enterprise AI solutions, serving customers across the media, entertainment, public sector, and talent acquisition industries. Its software and services are designed to empower individuals within major brands, helping them operate more efficiently, accelerate decision-making, and enhance profitability. Central to its offerings is aiWARE™, Veritone’s leading enterprise AI platform, which orchestrates an ever-growing ecosystem of machine learning models to transform data sources into actionable intelligence. The newly raised capital is expected to fuel Veritone’s ongoing innovation in artificial intelligence and expand its market footprint. While specific plans for the utilization of the funds were not detailed, companies typically leverage such investments for product enhancement, research and development, and scaling customer support infrastructure. This financial infusion positions Veritone to accelerate its growth trajectory and reinforce its leadership in the AI solutions space. This funding round underscores investor confidence in Veritone's vision of blending human expertise with AI technology to advance human potential. The company aims to continue enhancing lives everywhere by helping organizations solve complex problems and achieve greater outcomes through its sophisticated AI platform, looking ahead to sustained expansion and innovation in the AI sector.