Veritone Inc (VERI)

[NetworkNewsWire]

VERI Completes $25.8M Public Offering

Veritone (NASDAQ: VERI) recently successfully completed an underwritten public offering of 1,121,250 shares of its common stock which includes the underwriters’ fully exercised option to purchase 146,250 shares at the public offering price. Shares were sold at $23.00 per share resulting in the gross proceeds of approximately $25.8 million. Veritone intends to use the net proceeds of the offering toward working capital and other general corporate purposes, such as potential acquisitions, investments, services, technologies and intellectual property rights. ROTH Capital Partners and Craig-Hallum Capital Group LLC acted as joint book-running managers for the offering.

To view the full press release, visit http://nnw.fm/7bBnN

About Veritone, Inc.

Veritone is a leading artificial intelligence company that has developed a unique platform, aiWARE, which unlocks the power of AI-based cognitive computing to transform and analyze unstructured public and private audio and video data for clients in a variety of markets, including media, politics, legal and government. The open platform integrates and orchestrates an ecosystem of best-of-breed cognitive engines, together with a suite of powerful applications, to reveal valuable, multivariate insights. aiWARE delivers unprecedented insights by unlocking data from linear files such as radio and TV broadcasts, surveillance footage and public and private content globally. For more information, visit the company’s website at www.Veritone.com.