Veritone Receives FedRAMP Authorization for its aiWARE™ Government Platform
March 20 2019 - 8:00AM
Business Wire
aiWARE Now Available in the FedRAMP Marketplace
to Support U.S. Federal Agencies With Their Artificial Intelligence
Needs
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 future-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 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 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.
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Veritone Contact:Mike MorperVP, Product MarketingTel: +1 888 507
1737 option 3Email: mmorper@veritone.comWeb: www.veritone.com
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