Home Financial Markets Veritone, Inc. (VERI) Won $1.3 Million Subcontracts For aiWARE

Veritone, Inc. (VERI) Won $1.3 Million Subcontracts For aiWARE

Veritone, Inc. (VERI) this week come announcing securing important U.S. Air Force project subcontracts for its aiWARE artificial intelligence (AI) operating system.

The system is the world’s first operating system for artificial intelligence created by Veritone. It will be used in the project to further enhance the speed and accuracy of project’s overhead imagery for a better analysis.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Subcontracts of worth $1.3 million have been awarded to Veritone for its technology development services and software license. The award has been supported by Small Business Innovation Research (SBIR) program of Air Force’s innovation unit (AFWERX). A Pahse II contract is awarded to alYnmnt as a prime contractor under the SBIR program of AFWERX.

AFWERX and the Air Force Research Laboratory team up to make the SBIR process more efficient. They are in efforts to accelerate that program and also trying to include more such projects.

Chad Steelberg, CEO of Veritone called it exciting and privileging to be part of winning team which secured this contract from one of the most esteemed and technically advanced U.S. government agencies. The award of subcontracts further testifies the strength of our international level AI Operating System aiWARE. The system makes a diverse ecosystem of machine learning methods to converts several types of data sources whether audio, video, text or any other form into actionable intelligence.

As part of the Phase II contract, alYnmnt will develop software that could be integrated with Veritone’s aiWARE to process overhead imagery. This will use multiple AI object detection engines by combining them in a way best possible. The contract awarding units are expecting aiWARE to provide pre-processing imagery and video with object detection engines. This will significantly increase the speed, accuracy, processing time and efficiency of those analyzing the imagery.

Head of Government, Legal and Compliance at Veritone, Jon Gacek mentioned the subcontracts award as a massive win for aiWARE. He counted the Phase II project a big success for the country and its national security.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

Immunovant Inc. (IMVT) stock plunge during current market. What’s happening?

Immunovant Inc. (NASDAQ: IMVT) stock declines by 23.42% in the current market trading. Immunovant is a clinical-stage pharmaceutical firm dedicated to helping individuals with...

Viracta Therapeutics Inc. (VIRX) stock decline during pre-market, prior to no recent update

Viracta Therapeutics Inc. (NASDAQ: VIRX) stock decline during pre-market by 2.32%. Viracta is a precision oncology firm that focuses on virus-related cancers. In two...

why Abraxas Petroleum Corporation (AXAS) stock plummeted on Friday?

Abraxas Petroleum Corporation (AXAS) shares plummeted 17.03% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $1.90 per share. However,...

ImmunoPrecise Inc. (IPA) stock fell during pre-market. What’s the update?

ImmunoPrecise Inc. (NASDAQ: IPA) stock declined by 8.39% at last close while the IPA stock-price plunge by 4.87% in pre-market as well. ImmunoPrecise is...

ECMOHO Ltd. (MOHO) stock plunged during pre-market. Let’s see what’s happening?

ECMOHO Ltd. (NASDAQ: MOHO) stock gained by 7.05% at last close, while during pre-market MOHO stock has been seen declining by 7.75%. In China's...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam