Veritone and Nuix Combine AI Expertise to Offer Turn-Key Solutions for Growing Volumes of Video and Audio Data
22 August 2024 - 9:00PM
Business Wire
Veritone integrates its extensive AI-enabled
redaction capabilities into Nuix’s NEO Platform and ecosystem to
optimize audio and visual workflows
Veritone, Inc. (NASDAQ: VERI), a leader in building
human-centered enterprise AI solutions, today announced a strategic
partnership with Nuix (ASX: NXL), a leading provider of
investigative analytics and intelligence software, to leverage
industry-leading technology from both organizations to help
maximize value for their customers’ investigations, eDiscovery
and compliance initiatives.
Nuix Neo is a unified platform delivering solutions for data
privacy, cyber-breach response, investigations, and an end-to-end
eDiscovery solution for the legal industry. The partnership
combines Nuix’s Neo unified platform and Veritone’s ecosystem of
300+ AI models, known as aiWARE™, to offer a turn-key solution to
handle audio and textual data and the increased volume of
evidentiary media files, including body-worn camera footage,
car-dashcam video, CCTV surveillance footage and jailhouse phone
calls. The solution will also help customers meet public records
requests or judiciary deadlines for turning over redacted
evidentiary media files, ensuring personally identifiable
information is completely removed.
“Combining Nuix’s powerful capabilities to understand high
volumes of unstructured data with forensic rigor with Veritone’s
industry-leading capabilities in handling audio and video data
allows us to provide a complete, compelling solution to our
customers,” says Jonathan Rubinsztein, Group CEO Nuix.
“Our agreement with Nuix is a testament to the distinct value
of aiWARE, which is a scalable AI platform that can be easily
integrated into third-party solutions to meet a variety of use
cases and needs,” said Jon Gacek, general manager of Veritone
Public Sector. “Additionally, this agreement expands the global
footprint of our audio and video capabilities in the areas of
criminal investigations and data privacy, while laying the
foundation for future expansion opportunities with Nuix given the
breadth of models we offer.”
Built on aiWARE, Veritone Redact enables users to manually
define sensitive imagery and objects and then automatically
redact this information from audio, video and image-based
evidence. From there, the redacted evidence can quickly be
downloaded with logs to support chain-of-custody
requirements and shared with colleagues, public defenders and
other stakeholders. It also enables searches for keywords and
phrases captured within the recorded audio and quick redaction of
those items.
To learn more, visit:
https://www.veritone.com/applications/redact and
https://www.nuix.com/nuix-neo
About Veritone
Veritone (NASDAQ: VERI) builds human-centered enterprise AI
solutions. Serving customers in the media, entertainment, public
sector and talent acquisition industries, Veritone’s software and
services empower individuals at the world’s largest and most
recognizable brands to run more efficiently, accelerate decision
making and increase profitability. Veritone’s leading enterprise AI
platform, aiWARE™, orchestrates an ever-growing ecosystem of
machine learning models, transforming data sources into actionable
intelligence. By blending human expertise with AI technology,
Veritone advances human potential to help organizations solve
problems and achieve more than ever before, enhancing lives
everywhere. To learn more, visit Veritone.com.
About Nuix
Nuix Limited is a leading provider of investigative analytics
and intelligence software, with the vision of “being a force for
good by finding truth in a digital world”. Nuix helps customers to
process, normalise, index, enrich and analyse data from a multitude
of different sources, solving many of their complex data
challenges. The Nuix platform supports a range of use cases,
including criminal investigations, financial crime, litigation
support, employee and insider investigations, legal eDiscovery,
data protection and privacy, and data governance and regulatory
compliance. For further information, please visit www.nuix.com
Safe Harbor Statement
This news release contains forward-looking statements. 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
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240820391490/en/
Valerie Christopherson or Lora Metzner Global Results Comms
(GRC) +1 949 608 0276 Veritone@globalresultspr.com
Sarah Rich Veritone srich@veritone.com
Veritone (NASDAQ:VERI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Veritone (NASDAQ:VERI)
Historical Stock Chart
From Nov 2023 to Nov 2024