Veritone Expands Its Authorization To Operate With The EOUSA, Now Includes Veritone's Illuminate, Track, Redact, Intelligent Digital Evidence Management System And Automate Studio, In Addition To Its Current aiWARE For Relativity Integration
Portfolio Pulse from Benzinga Newsdesk
Veritone, Inc. (NASDAQ: VERI) has expanded its Authorization to Operate (ATO) with the Executive Office of the U.S. Attorneys (EOUSA), a subagency of the Department of Justice (DOJ). The ATO now includes Veritone's Illuminate, Track, Redact, and Automate Studio solutions, in addition to its current aiWARE for Relativity integration. This expansion follows a $15 million Blanket Purchase Agreement (BPA) with the DOJ issued last year.
August 06, 2024 | 5:04 pm
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Veritone, Inc. has expanded its Authorization to Operate with the EOUSA, adding several new solutions to its existing aiWARE for Relativity integration. This expansion follows a $15 million BPA with the DOJ.
The expansion of Veritone's ATO with the EOUSA to include additional AI solutions is likely to positively impact the company's stock price in the short term. This move not only strengthens Veritone's relationship with a significant government agency but also potentially increases its revenue through the expanded use of its products.
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