Veritone Achieves a Three-Peat in the Deloitte Technology Fast 500™ Awards
November 08 2023 - 7:30AM
Business Wire
Recognized as one of the most innovative
technology companies in North America for the third consecutive
year
Veritone, Inc. (NASDAQ: VERI), a leader in designing
human-centered AI solutions, is a 2023 winner in the Deloitte
Technology Fast 500, which recognizes the most innovative,
fastest-growing technology companies in North America for
advancements in technology, media, life sciences, fintech and
energy tech. The award ranks each company out of the 500 winners
based on a company’s percentage of revenue growth from the 2019 to
2022 fiscal years.
For almost a decade, Veritone has consistently delivered
award-winning solutions across various business sectors. This
year’s prize recognized Veritone Generative AI, the company’s
enterprise-grade Platform-as-a-Service (PaaS), which enables the
creation and extension of content and data at exceptional
scale.
“Our recognition in the Deloitte Technology Fast 500 underscores
Veritone’s commitment to innovation and sustained growth,” said
Ryan Steelberg, President and CEO of Veritone. “We are dedicated to
delivering AI solutions that advance human potential to help
organizations solve problems and achieve more than ever
before.”
The company’s growth is fueled in part by the successful
introduction of Veritone Generative AI, which seamlessly integrates
public large language models like GPT-3 and ChatGPT with
domain-specific models, offering organizations new possibilities
for predictive AI-generated content, enhanced audience engagement
and diversified revenue streams.
The Veritone Public Sector business recently secured a $15
million Blanket Purchase Agreement with the U.S. Department of
Justice (DOJ), streamlining access to Veritone’s AI-powered
software and services across all DOJ agencies to rapidly
transcribe, translate, locate, redact and extract critical evidence
for various projects and initiatives.
Additionally, Veritone closed the acquisition of Broadbean, a
global leader in software-as-a-service (SaaS) technology for talent
acquisition and engagement. This strategic move is expected to
generate annualized SaaS revenues over $35 million, strengthening
Veritone’s position in the human resources solutions market, where
it operates as Veritone Hire and combines the strengths of
Broadbean and PandoLogic (acquired by Veritone in 2021) to promote
a deeper, global commitment to AI-powered HR solutions.
Veritone remains dedicated to driving technological innovation,
empowering organizations to unlock new possibilities and realize
their full potential by leveraging the power of AI.
To learn more, please visit: https://www.veritone.com.
About Veritone
Veritone (NASDAQ: VERI) designs human-centered AI solutions.
Serving customers in the talent acquisition, media, entertainment
and public sector industries, Veritone's software and services
empower individuals at the world’s largest and most recognizable
brands to run more efficiently, accelerate decision making and
increase profitability. Veritone’s leading enterprise AI platform,
aiWARE™, orchestrates an ever-growing ecosystem of machine learning
models, transforming data sources into actionable intelligence. By
blending human expertise with AI technology, Veritone advances
human potential to help organizations solve problems and achieve
more than ever before, enhancing lives everywhere. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231108384732/en/
Valerie Christopherson or Lora Metzner Global Results Comms
(GRC) +1 949 608 0276 Veritone@globalresultspr.com
Sarah Rich Veritone srich@veritone.com
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