Veritone

Veritone

The world’s first Cognitive Media Platform. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212022202320242025
Revenues49.6m57.7m115m150m128m138m141m
% growth84 %16 %100 %30 %(15 %)8 %2 %
EBITDA(58.1m)(41.3m)(58.2m)(14.4m)(64.2m)--
% EBITDA margin(117 %)(72 %)(50 %)(10 %)(50 %)--
Profit(62.1m)(47.9m)(70.6m)(25.2m)(58.6m)(53.2m)(51.6m)
% profit margin(125 %)(83 %)(61 %)(17 %)(46 %)(39 %)(37 %)
EV / revenue0.3x13.5x6.3x1.0x1.0x0.9x0.9x
EV / EBITDA-0.3x-18.9x-12.6x-10.3x-2.0x--
R&D budget23.8m14.4m25.1m43.6m42.1m--
R&D % of revenue48 %25 %22 %29 %33 %--
  • Edit
DateInvestorsAmountRound

$15.0m

Late VC

$50.0m

-
N/A

$37.5m

Valuation: $208m

IPO
N/A

$23.6m

Post IPO Equity
N/A

$35.2m

Post IPO Equity
*

$6.5m

Post IPO Debt
N/A

$63.8m

Post IPO Equity
N/A

$201m

Post IPO Debt
*

$3.9m

Grant
Total Funding€62.6m

Recent News about Veritone

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More about Veritoneinfo icon
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Veritone, Inc. (NASDAQ: VERI), headquartered in Costa Mesa, California, is a prominent player in the artificial intelligence (AI) technology sector. The company specializes in providing AI-powered solutions through its proprietary operating system, aiWARE. This platform is designed to help businesses and government organizations transform their audio, video, and other data sources into actionable insights, which were previously difficult to access.

Veritone's aiWARE acts as an operating system for AI, orchestrating a wide range of machine learning models to process and analyze data. This enables the company to offer a variety of AI applications and intelligent process automation solutions. Essentially, Veritone helps its clients make better decisions by turning complex data into clear, actionable information.

The company serves a diverse clientele, including commercial enterprises and government agencies. These clients span multiple industries, such as media and entertainment, legal, compliance, and public safety. By providing industry-specific AI solutions, Veritone helps these organizations optimize their operations and improve decision-making processes.

Veritone operates in the rapidly growing AI market, which is characterized by increasing demand for advanced data analytics and automation solutions. The company's business model revolves around licensing its aiWARE platform and offering customized AI solutions. Revenue is generated through subscription fees, licensing agreements, and professional services.

In summary, Veritone is a leading AI technology provider that leverages its proprietary aiWARE platform to offer specialized AI solutions to a wide range of clients. The company transforms complex data into actionable insights, helping organizations make better decisions and improve efficiency.

Keywords: AI technology, aiWARE, machine learning, data analytics, automation, commercial enterprises, government agencies, decision-making, data insights, Veritone.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Veritone

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Broadbean
ACQUISITION by Veritone May 2023
VocaliD
ACQUISITION by Veritone Jun 2022
PandoLogic (formerly RealMatch)
ACQUISITION by Veritone Jul 2021
Wazee Digital
ACQUISITION by Veritone Aug 2018
Performance Bridge
ACQUISITION by Veritone Aug 2018