COSTA MESA: Veritone Inc. has commenced an underwritten public offering of shares of its common stock, a news release said.
Veritone Inc. also expects to grant the underwriters for the offering a 30-day option to purchase additional shares of its common stock.
Stifel is acting as the lead book-running manager for the offering. JMP Securities and Roth Capital Partners are acting as joint book-running managers for the offering.
Veritone Inc. is a leading provider of AI technology and solutions. Veritone, Inc.’s proprietary operating system, aiWARE powers a diverse set of AI applications and intelligent process automation solutions that are transforming both commercial and government organizations.
aiWARE orchestrates an expanding ecosystem of machine learning models to transform audio, video, and other data sources into actionable intelligence.
Veritone, Inc.’s AI developer tools enable its customers and partners to easily develop and deploy custom applications that leverage the power of AI to dramatically improve operational efficiency and unlock untapped opportunities.
Veritone, Inc. is headquartered in Costa Mesa, California, and has offices in Denver, London, New York and San Diego.