Veritone Sinks on War Dept. Connection

Veritone, Inc. (NASDAQ: VERI) shares skidded Wednesday. The company, a leader in building enterprise AI and data solutions, is equipped and positioned to advance the Department of War’s AI-first, modular open architecture strategy, issued Tuesday, which calls for accelerating AI adoption through “AI-first” operations and modular, open system architectures.

Built for operators and acquisition leaders, Veritone brings low-friction, mission-aligned infrastructure and data superiority, which already enable the U.S. Air Force and federal missions to move faster with trusted AI.

With more than a decade of operating history, Veritone’s aiWARE™ platform is a FedRAMP- approved, deployable, and interoperable AI operating system designed to orchestrate artificial intelligence models, data, and workflows across commercial and public sector environments. aiWARE supports organizations seeking to operationalize AI while maintaining flexibility, governance, and control.

“The Department of War’s strategy underscores the importance of deploying AI in ways that are secure, flexible, and operationally viable,” said CEO Ryan Steelberg.

“aiWARE is already entrusted by federal agencies, including the U.S. Air Force Office of Special Investigations, for its ability to transform large volumes of unstructured data, including digital evidence, into actionable intelligence. We look forward to continuing to expand our work to support and enhance the U.S. government’s rapid adoption of AI.”

VERI shares sank six cents, or 1.4%, to $4.58. to start Wednesday.

Tech Insider