# Veritone, Inc. (VERI) — capital_raise/atm_program [announced]
Source: sec.gov · situation sit_3bf9b09ca7b11158d419 · public 8534585116181397057 · retrieved 2026-08-19T11:35:51.608Z

## Overview
Veritone, Inc. is a leader in enterprise artificial intelligence (AI) software and solutions that transform unstructured data into actionable intelligence and dynamic workflows, with its proprietary AI operating system, aiWARE, orchestrating a diverse ecosystem of machine learning models and intelligent applications.

Veritone, Inc. announced completion of the first phase of a restructuring plan initiated in June 2026, delivering $11.3 million in annualized cost reductions, representing approximately 11% of annual operating expenses as compared to the trailing 12 months ended June 30, 2026. The company is targeting additional cost reductions of $3.5 million to $8.5 million by year-end 2026, representing total annualized operating expense reductions of approximately 15% to 20%, with further reductions planned for 2027. The restructuring is principally comprised of severance and transition expenses associated with planned reductions in employees.

## Terms
- Deal value: $11.3M

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001628280-26-056736): 8-K - Veritone, Inc. — *Veritone, Inc. is a leader in enterprise artificial intelligence (AI) software and solutions that transform unstructured data into actionable intelligence and dynamic workflows, with its proprietary AI operating system, aiWARE, orchestrating a diverse ecosystem of machine learning models and intelligent applications.* Veritone, Inc. announced completion of the first phase of a restructuring plan initiated in June 2026, delivering $11.3 million in annualized cost reductions, representing approximately 11% of annual operating expenses as compared to the trailing 12 months ended June 30, 2026. The company is targeting additional cost reductions of $3.5 million to $8.5 million by year-end 2026, representing total annualized operating expense reductions of approximately 15% to 20%, with further reductions planned for 2027. The restructuring is principally comprised of severance and transition expenses associated with planned reductions in employees.
  https://www.sec.gov/Archives/edgar/data/1615165/0001628280-26-056736.txt

## Citations
- 0001628280-26-056736 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026056736