Veritone (NASDAQ: VERI) is an AI software company that provides artificial intelligence-powered software products and managed services across media and entertainment, public safety, legal, and talent acquisition markets. Revenue comes from two streams: Software Products & Services, sold on subscription and consumption-based pricing models, and Managed Services, which includes content licensing representation services. Total revenue was $92.2 million for the year ended December 31, 2025, essentially flat versus $92.6 million in FY2024. GAAP gross margin was 62.4% in FY2025, down from 66.6% in FY2024, with the compression driven by higher-volume, lower-margin consumption-based and VDR revenue. The Software Products & Services customer base stood at 2,978 as of December 31, 2025, an 8.0% decline from December 31, 2024. The company was led by CEO and Chairman Ryan Steelberg as of April 15, 2026. Its core AI platform, aiWARE, underpins products including iDEMS, VDR, Illuminate, and Redact, and is sold through a direct sales force and indirect channel partners including value-added resellers, distributors, and system integrators.

Revenue model

Software Products & Services revenue on subscription and consumption-based pricing; Managed Services revenue from content licensing representation. Channel includes direct sales and indirect partners (VARs, distributors, referral partners) under one-year auto-renewing agreements.

Products and services

aiWARE (core AI platform); iDEMS (digital evidence management); VDR (video digital rights, consumption-based); Illuminate (AI-powered eDiscovery media search and analytics); Redact (automated AI redaction of faces and sensitive information in audio, video, and images for law enforcement and judicial agencies); Talent Acquisition software (integrated with aiWARE); content licensing Managed Services.

Customers and end markets

2,978 Software Products & Services customers as of December 31, 2025. End markets include media and entertainment, public safety (law enforcement and judicial agencies), legal (eDiscovery), and talent acquisition (hiring agencies and enterprise employers). Smaller hiring agency customers experienced volume declines due to macroeconomic conditions as of FY2025.

Value-chain role

Software platform provider and managed services intermediary. Sits between AI infrastructure (AWS, Microsoft Azure) and end-market operators in media, public safety, legal, and HR tech. Acts as content licensing representative for media rights holders in Managed Services.

Geographic exposure

Primarily North America. Channel partner agreements extend into international markets. Content licensing Managed Services competition noted specifically in North America per the FY2025 10-K.

Competitors

IMG, Thomson Reuters, Getty Images, Shutterstock, Digital content management system providers in media and entertainment, Police body camera and content management providers in public safety, eDiscovery solution providers in the legal market

Source: SEC 10-K, filed 2026-04-15

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