Veritone - M&A Summary and Business Overview

Information TechnologyCompany

Veritone M&A Summary

Veritone has acquired 7 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Veritone’s largest acquisition to date was in 2021, when it acquired PandoLogic for $150M. It’s largest disclosed sale occurred in 2024, when it sold Veritone One to Insignia Capital Group for $104M. Veritone has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include software (34%) and information technology (34%).

Veritone Business Overview

Where is Veritone headquartered?

Veritone is headquartered in Irvine, California.

What is Veritone’s revenue?

Veritone disclosed revenue of 128M USD for 2023 and 150M USD for 2022.

How many employees does Veritone have?

Veritone has 664 employees.

What sector is Veritone in?

Veritone is an information technology company.

When was Veritone founded?

Veritone was founded in 2014.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 6

Veritone

Veritone, Inc.

5291 California Ave., Ste. 350,
Irvine, California 92617
United States,
(888) 507-1737
www.veritone.com

Veritone is an artificial intelligence company that develops a unique platform, aiWARE, which unlocks the power of AI-based cognitive computing to transform and analyze unstructured public and private audio and video data for clients in a variety of markets, including media, politics, legal and government. Veritone was founded in 2014 and is headquartered in Irvine, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 3 - 1 1 1 - 6
vol $20M $150M $52M $222M
Sell (0.4/yr) # - - - - 1 1 2
vol $104M $104M
  8

Most Recent M&A

Company Date Value Type
Veritone One 2024-10-22 104M USD Divestiture
Irvine, California · www.veritoneone.com
Veritone - Energy Business 2023-07-10 - Divestiture
Costa Mesa, California
Broadbean Technology Ltd. 2023-05-31 52M USD Divestiture
London, United Kingdom · www.broadbean.com
VocaliD, Inc. 2022-06-16 - Add-on Acquisition
Belmont, Massachusetts · www.vocalid.ai
PandoLogic, Inc. 2021-07-22 150M USD Add-on Acquisition
New York, New York · www.pandologic.com
Machine Box, Inc. 2018-09-10 5M USD Add-on Acquisition
San Rafael, California · www.machinebox.io
T3Media, Inc. (Wazee Digital) 2018-08-13 15M USD Add-on Acquisition
Denver, Colorado · www.t3media.com
Atigeo Corp. - Advanced Data Analytics Software & Intellectual Property (IP) 2017-12-20 - Divestiture
Bellevue, Washington
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 2 (33%) 5M (2%) - -
Software 2 (33%) 52M (23%) - -
Internet Software and Services 1 (17%) 15M (7%) 1 (50%) -
Marketing 1 (17%) 150M (68%) 1 (50%) 104M (100%)
Total 6 $222M 2 $104M

By Geo

State/Country Buy Value Sell Value
United States 5 170M 2 104M
  California 1 5M 2 104M
  Massachusetts 1 - - -
  Colorado 1 15M - -
  Washington 1 - - -
  New York 1 150M - -
United Kingdom 1 52M - -
Domestic 5 (83%) 170M (77%) 2 (100%) 104M (100%)
Cross-border 1 (17%) 52M (23%) - -
Total 6 $222M 2 $104M

Top M&A Advisors

Financial Deals
UBS Investment Bank
1
Canaccord Genuity Corp.
1
PwC Corporate Finance LLC
1
Legal Deals
Cooley
2
Reed Smith
1
Meitar Liquornik Geva Leshem Tal
1

Deal Values

buy # Total
$100M to $1B 1 $150M
< $100M 3 $72M
TOTAL $222M
Largest PandoLogic, Inc.
$150M (2021-07-22)
sell # Total
$100M to $1B 1 $104M
TOTAL $104M
Largest Veritone One
$104M (2024-10-22)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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