Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Veritone ( (VERI) ) has shared an update.
Veritone, Inc. has announced a registered direct offering of common stock and pre-funded warrants to raise approximately $20.3 million, with Esousa Group Holdings, LLC as the purchaser. The company intends to use the proceeds for working capital, general corporate purposes, and to further develop its AI platform and applications, potentially impacting its market positioning by expanding its solutions and financial flexibility.
More about Veritone
Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions, serving customers in the media, entertainment, public sector, and talent acquisition industries. Its software and services, including the aiWARE platform, empower individuals at major brands to enhance efficiency, decision-making, and profitability by transforming data sources into actionable intelligence.
Average Trading Volume: 1,064,469
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $125.7M
Learn more about VERI stock on TipRanks’ Stock Analysis page.