Veritone Inc (Veritone) is a provider of artificial intelligence (AI) technology and solutions. The company through its proprietary AI operating system, aiWARE, enables users to transform unstructured data into structured form and helps in analyzing and optimizing data to drive business processes insights. Its major client base includes government, legal and compliance, energy, and other vertical markets.

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Veritone R&D activities focuses on advancement of its core AI platform and developing new applications and capabilities for its customers. The company focuses on development of new features and expansion of core technologies to enhance functionality, usability, reliability, performance, and flexibility of the aiWARE platform. It aims to invest in enhancing the capabilities of aiWARE by refining its machine learning algorithms, expanding language processing and computer vision capabilities, and improving its data analytics and insights generation. The company’s R&D team comprises software, quality and data engineers, data scientists, product managers, and user experience designers. The company focuses on developing advanced AI models and techniques to extract more valuable information from audio, video, and other forms of unstructured data. As of March 2024, the company had 33 patents issued and 14 patent applications pending for examination in the US. In FY2023, Veritone’s R&D incurred expenses of US$42 million, which as a percentage of revenue stood at 32.9%.