Business
Veritone Announces Strategic Agreement with Oracle to Accelerate Enterprise AI and AI Data Economy
Multi-year partnership will support Veritone’s global growth and AI expansion across commercial and public sectors, Veritone Data Refinery, and Veritone Data
About this update from Veritone, Inc.
[{"type":"text","content":"\nMulti-year partnership will support Veritone’s global growth and AI expansion across commercial and public sectors, Veritone Data Refinery, and Veritone Data Marketplace\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nVeritone, Inc. (NASDAQ: VERI), a leader in building enterprise AI and data solutions, today announced that it has signed a multi-year agreement with Oracle to migrate Veritone AI solutions to Oracle Cloud Infrastructure (OCI). By adopting OCI as a preferred cloud and infrastructure provider, Veritone will enhance the scalability, security, and performance of its AI offerings, including its aiWARE platform, Veritone Data Refinery (VDR) and Veritone Data Marketplace (VDM).\n\n\nAs the demand for scalable, secure, and sovereign AI infrastructure continues to grow, Veritone plans to use OCI’s high-performance AI infrastructure to power its aiWARE platform. In addition, Veritone will leverage OCI’s distributed cloud – spanning the edge, a customer’s datacenter multi-cloud environments, and the public cloud – to help meet security and data residency requirements.\n\n\n“Through this partnership with Oracle, we are strengthening our leadership in managing unstructured data and complex, multi-model AI workflows while reinforcing our commitment to delivering robust, dynamic AI solutions,” said Ryan Steelberg, President and Chief Executive Officer of Veritone. “By migrating and expanding some of our most critical workloads to OCI, we expect to further support our commercial and public sector customers with the performance, security, and scalability they require to stay ahead in an AI-driven world and further scale VDR.”\n\n\nSupporting Veritone Customers Across Key Industries\n\n\nWith this partnership, Veritone will be able to expand its services and grow its business across three core areas:\n\n\n\nCommercial (Media, Sports, Entertainment, and News): Veritone plans to use OCI’s low-latency networking and high-performance storage to enhance the performance and scale of its Digital Media Hub (DMH) and content licensing services. Together, Veritone and Oracle enable media partners like NCAA, CBS News, Augusta National, and ESPN to more intelligently search, manage, and monetize their archives while unlocking richer audience insights and more effective content personalization.\n\n\n\n\nPublic Sector: Veritone plans to deploy its AI-...