Veritone is an AI software company built around its proprietary AI operating system, aiWARE, which ingests unstructured audio, video, images, and text, processes it through a library of AI models (speech recognition, facial recognition, object detection, NLP, and others), and outputs structured, searchable, and actionable data. Veritone operates two divisions: Commercial Enterprise and Public Sector. In Commercial Enterprise, Veritone sells aiWARE to media companies, broadcasters, and sports organizations to manage and monetize content archives; runs Veritone Data Refinery (VDR), which processes unstructured media into tokenized training data licensed to hyperscalers like NVIDIA, Amazon, Google, and Meta; operates Broadbean, a cloud-based job distribution and programmatic job advertising platform; and provides content licensing managed services. In Public Sector, Veritone sells digital evidence management software to law enforcement and federal defense agencies for redaction, facial recognition, and investigative workflows. Veritone generates revenue through SaaS subscriptions, consumption-based fees tied to data volumes processed, and managed services revenue shares. VDR is the primary near-term growth driver, where Veritone acts as an intermediary between content owners and AI model developers, though VDR revenue visibility is limited to 2-3 months given its project-driven nature. Veritone divested its advertising agency business in late 2024 to focus entirely on its core AI platform, with management targeting growth in VDR and public sector expansion as the two primary vectors going forward.