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Veritone Awarded Sole Source Contract from the Department of the Air Force in Support of Air Force Office of Special Investigations

1. Veritone awarded a sole-source contract with U.S. Air Force. 2. The contract focuses on enhancing investigative capabilities using AI technology. 3. Veritone's aiWARE platform will process large volumes of unstructured data. 4. The agreement expands Veritone’s role in federal law enforcement and defense. 5. AI adoption in public sectors is expected to accelerate further.

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FAQ

Why Bullish?

The contract with AFOSI signifies strong government demand for Veritone’s AI technologies. Historical contracts in defense sectors often lead to increased investor confidence and stock appreciation.

How important is it?

The strategic contract with the Air Force significantly enhances Veritone’s market position and future potential. Given the growing importance of AI in national security, the developments could result in further business opportunities.

Why Long Term?

Successful execution of government contracts often results in long-term partnerships and recurring revenues, as seen in previous cases with similar companies like Palantir.

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Veritone’s AI-powered solutions to be implemented to meet Air Force’s Requirements for Law Enforcement, Counterintelligence & Security Missions DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), a leader in building human centered enterprise AI solutions, today announced it was awarded a sole source (one year plus four years) contract with the Air Force Office of Special Investigations (AFOSI). Under the contract, Veritone’s aiWARETM platform, Intelligent Digital Evidence Management System (iDEMS) and professional services will provide AFOSI with advanced investigative and information capabilities to enhance and accelerate data analysis and workflows, investigative activity across several mission areas, and situational awareness. Veritone’s aiWARE platform, which currently supports hundreds of enterprise customers, is an AI operating system that intelligently and securely orchestrates hundreds of best-of-breed cognitive and generative models in a single cloud-based or on-premise solution. It serves as the platform behind this initiative, enabling users to transform extensive volumes of textual data and unstructured video and audio data into actionable insights. Built on aiWARE, iDEMS is a comprehensive, purpose-built applications suite for the public sector that leverages AI to streamline the management and analysis of digital evidence, providing AFOSI with powerful forensic tools to handle vast amounts of data quickly and accurately. “We are honored to support the Air Force Office of Special Investigations with Veritone’s AI-powered solutions,” said Ryan Steelberg, chairman and chief executive officer, Veritone. “By combining AI-driven automation, digital evidence management, and near real-time tracking, we can help enhance decision-making, operational efficiency and investigative effectiveness for national security applications.” Jon Gacek, general manager, Public Sector, Veritone, commented, “This contract further expands Veritone’s existing role with AFOSI as a trusted solution provider for the U.S. Department of Defense and law enforcement agencies. By leveraging our aiWARE platform and iDEMS suite, we are equipping AFOSI with cutting-edge AI applications to modernize investigative workflows and strengthen operations. We look forward to supporting their mission with scalable, secure and rapidly deployable AI-powered capabilities.” The agreement marks another milestone in Veritone’s expanding role within U.S. federal law enforcement and defense agencies, providing AI-powered solutions tailored to mission-critical applications. Veritone recently achieved “Awardable” status through the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace, which includes the availability of Veritone’s Illuminate, Redact and Track solutions in the Tradewinds Marketplace. As AI adoption accelerates in the public sector, Veritone continues to deliver secure, scalable, and intelligent technologies that enhance operational effectiveness across investigative and defense landscapes. To learn more about Veritone’s Public Sector solutions, visit: https://www.veritone.com/solutions/public-sector/ About Veritone Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com. Safe Harbor Statement This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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