[March 20, 2019] |
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Veritone Receives FedRAMP Authorization for its aiWARE™ Government Platform
Veritone Inc. (Nasdaq: VERI), the creator of the world's first operating
system for artificial intelligence, aiWARE™, today announced that it has
received Federal Risk and Authorization Management Program (FedRAMP)
Authorization for its aiWARE™
Government platform. The Department of Justice (DOJ) served as
Veritone's initial sponsor agency partner, and aiWARE Government is now
available in the FedRAMP
Marketplace for other federal agencies to use.
FedRAMP is a U.S. government-wide program that provides a third-party
standardized approach to security assessment, authorization, and
continuous monitoring for cloud products and services. Earning this
authorization required Veritone to undergo a stringent assessment of the
data security and data governance capabilities and practices related to
its aiWARE Government offering from FedRAMP officials.
"Achieving a FedRAMP Authorization is a huge milestone for Veritone and
validates our AI platform as a viable and secure option for federal
agencies to leverage artificial intelligence to accomplish their
missions more efficiently and effectively," said Ryan Steelberg,
president of Veritone. "Because our aiWARE Government platform fulfilled
the rigorous security requirements to achieve a FedRAMP Authorization,
individual agencies can now expedite the procurement and use of our AI
offerings."
Not only will AI help government agencies work faster and more
efficiently, but it will also change the game for public safety and
national security missions. From securing a public figure to identifying
connections to extremist organizations to uncovering immediate insights
in voluminous data sets, AI can be leveraged as an entrusted resource
and provide agencies with greater and faster data-driven insights than
ever before. Veritone is passionate about building a futre-proof AI
platform and solutions that not only swiftly evaluate and course correct
key missions and procedures but also pave the way for an AI-connected
government.
A report
released in 2017 by Deloitte (News - Alert) Insights indicated that AI could
potentially save Federal Government agencies up to 1.2 billion hours
annually within the next five to seven years, translating into $41.1
billion in potential cost savings and more time for agencies to innovate
and provide services.
"In the past 18-24 months, we've seen the government's interest in AI
move from interest to pilot projects to now looking to scale AI," said
Patrick McColloch, managing director, Deloitte Transactions and Business
Analytics LLP. "Because of the government's increasing demand,
Veritone's FedRAMP Authorization can be instrumental to government
bringing the power of AI to its many missions."
About Veritone
Veritone (Nasdaq: VERI) is a leading provider of artificial intelligence
(AI) technology and solutions. The company's proprietary operating
system, aiWARE™, orchestrates an expanding ecosystem of machine learning
models to transform audio, video and other data sources into actionable
intelligence. aiWARE can be deployed in a number of environments and
configurations to meet customers' needs. Its open architecture enables
customers in the media and entertainment, legal and compliance, and
government sectors to easily deploy applications that leverage the power
of AI to dramatically improve operational efficiency and effectiveness.
Veritone is headquartered in Costa Mesa, California with over 300
employees, and has offices in Denver, London, New York, San Diego, and
Seattle. To learn more, visit Veritone.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
without limitation statements regarding the expected benefits to
government customers of Veritone's aiWARE Government platform and the
expected time and cost savings to Federal government agencies resulting
from the use of AI. 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 (News - Alert) 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.
Please see www.deloitte.com/us/about
for a detailed description of Deloitte's legal structure.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190320005132/en/
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