Veritone Expansion Fuels Growth in Thriving Latin American Market with FOX Sports Brasil Relationship

Latin American FOX Division Using Veritone Artificial Intelligence to
Extract New Value from Broadcast Content

COSTA MESA, Calif.--(BUSINESS WIRE)--$VERI #AI--Veritone®,
Inc
. (NASDAQ: VERI), a leading provider of artificial intelligence
(AI) insights and cognitive solutions, today announced that it has
continued to expand internationally by growing its presence in the Latin
American market, where the media and entertainment market in Brazil
alone is projected
to reach $43.7 billion by 2021
. Brazil’s leading sports broadcaster, FOX
Sports Brasil
, has selected an on-premise deployment version of the
Veritone aiWARE™ platform to cognitively enrich and index both archived
content and live streams.

“Our expansion into Latin America and our new relationship with FOX
Sports Brasil are part of our strategy to afford purpose-driven AI
services across the world, stay close to our clients, and foster
stronger relationships with international experts,” said Chad Steelberg,
chairman and chief executive officer of Veritone. “By having a presence
in Latin America, we are positioned to deliver premium services,
technology and partner support that will help us deliver unmatched
business value to customers in this market.”

Manuel
Monroy
is leading Veritone’s efforts in Latin America. Mr. Monroy is
a former cloud architect and product owner of RealSense, a computer
vision technology endeavor at Intel Corporation, and a former investment
director at Intel Capital. He has served as an advisor to businesses in
the U.S. and Latin America in the areas of strategic planning and
mergers and acquisitions.

The relationship with FOX Sports Brasil represents the first instance of
aiWARE for Xcellis® in partnership with Quantum. Supplied and integrated
by Seal Broadcast & Content for FOX Sports Brasil, aiWARE for Xcellis is
an award-winning
hybrid on-premise and cloud version of the AI platform from Veritone.

“Incorporating Veritone’s artificial intelligence capabilities into our
media workflows is an important step toward a smarter future in
broadcast media,” said Luis Santos, vice president of engineering and
operations at FOX Network Group Latin America. “With aiWARE, we will be
able to uncover previously-unavailable insights from our libraries of
archived media as well as from live content.”

The agreement with FOX Sports Brasil comes after Veritone’s recent new
agreements with CBS
RADIO
and most recently with iHeartMedia
to provide these market-leading broadcasters with near real-time ad and
content tracking, comprehensive analytics, faster content extension, and
smarter media management for their broadcasts.

Headquartered in Costa Mesa, Calif., Veritone has presence in New York,
Los Angeles, San Diego, Washington D.C., London and now Latin America.

About Veritone

Veritone (NASDAQ: VERI) is a leading artificial intelligence company
that has developed 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. The open
platform integrates an ecosystem of best-of-breed cognitive engines and
powerful applications, which can be orchestrated together to reveal
valuable, multivariate insights. aiWARE delivers unprecedented insights
by unlocking data from linear files such as radio and TV broadcasts,
surveillance footage and public and private content globally. To learn
more about Veritone, please visit Veritone.com.

Safe Harbor Statement

This news release contains forward-looking statements, including without
limitation statements regarding Veritone’s expansion in Latin America
and its resulting ability to deliver services to customers in that
market, the projected growth of the media and entertainment market in
Brazil, the Company’s international expansion strategy, the use of the
Veritone aiWARE platform by FOX Sports Brasil and the expected benefits.
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.


Contacts

BLASTmedia for Veritone, Inc.
Jake Doll, 317-806-1900 x122
jake@blastmedia.com