MASHINIi

Veritone, Inc..

VERI.US | Computer programming activities

Veritone, Inc. is a leading provider of artificial intelligence (AI) computing solutions. The company's aiWARE platform orchestrates a diverse ecosystem of AI models to transform audio, video, and other data sources into actionable intelligence. Veritone's solutions are used by organizations across ...Show More

Ethical Profile

Mixed.

Veritone, Inc. shows a mixed ethical profile. Its involvement with the military, including a contract with the Air Force Office of Special Investigations and a $249 million Blanket Purchase Agreement for AI technology, raises concerns as its aiWARE platform has dual-use potential. Employee sentiment is mixed; Glassdoor reviews show a 3.1/5 rating, with compensation and career opportunities rated 2.8/5, and reports of layoffs. Yet, Comparably awards recognized Veritone for culture, leadership, and career growth. The company upholds strong anti-corruption policies (French Sapin II, US FCPA, UK Bribery Act) and verifies voice owner approval for AI voice projects, alongside verifying explainability and lack of bias in hiring AI.

Value Scores

Better Health for All10
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing-20
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons-50
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

10

Veritone's privacy policy, updated February 2024, details its data collection, use, sharing, storage, and security practices, including cross-border data transfers, retention periods, and user rights.

1
The company states compliance with applicable laws, specifically mentioning the California Consumer Privacy Act (CCPA)/California Privacy Rights Act (CPRA) and data protection laws in the European Economic Area (EEA), United Kingdom (UK), and Switzerland.
2
The policy specifies a retention period of 3 years for biometric data such as voice recordings and custom voice models.
3

Fair Money & Economic Opportunity

0

No evidence available to assess Veritone, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

10

CEO Ryan Steelberg's total compensation for 2023 was $2,350,171.

1
The median estimated annual employee salary is $123,259, resulting in a CEO to median employee pay ratio of approximately 19.06:1.
2
Employee satisfaction with benefits is reported by 83% of employees.
3
The overall employee rating on Glassdoor is 3.1 out of 5 stars (62%), which is lower than the Information Technology industry average of 3.9 stars.
4
Only 42% of employees would recommend Veritone to a friend.
5
Employee satisfaction with compensation is reported by 70% of employees, with reviews citing issues with pay not keeping pace with the market and a lack of bonuses and raises.
6
The employee rating for compensation and benefits is 2.8 out of 5 stars.
7
The company has received Comparably Awards for Best Company Culture 2021, Best Company for Women 2021, Best Career Growth 2022, and Best Leadership Teams 2022.
8

Fair Trade & Ethical Sourcing

-20

Veritone, Inc. does not currently have active systems for supplier diligence or audits to mitigate modern slavery risks.

1
Due to its AI-focused business model, which does not involve traditional manufacturing, the company does not procure or trade physical commodities.
2
This means there is no material sourcing of at-risk inputs and no supply chain tiers to map for fair trade certifications or traceability.
3
The Modern Slavery Statement for the financial year ending December 31, 2024, asserts a relatively low risk of modern slavery but provides no quantitative data on forced or child labor incidents, remediation speed, ethical clause coverage, or supplier diversity spend.
4

Honest & Fair Business

-20

Veritone has a Code of Business Conduct and Ethics that includes a whistleblower policy, which is communicated through multiple channels including a secure, anonymous third-party hotline (Navex/Openboard.info) with international coverage (US, UK/Northern Ireland, Israel).

1
The company explicitly forbids any retaliation against whistleblowers.
2
Veritone has an anti-corruption policy that prohibits bribes, kickbacks, or other improper payments, and commits to complying with various international anti-corruption laws such as the US FCPA, UK Bribery Act, and French Sapin II law.
3
However, there is no evidence of training frequency or effectiveness metrics for this policy. The company uses third-party service providers for receiving and processing confidential complaints and for identifying, assessing, and managing cybersecurity risks.
4
It also verifies explainability and lack of bias in hiring AI, publishes audit results for this technology, and complies with CJIS and FedRAMP for government solutions.
5
One other accounting firm participated in the audit, representing less than 5% of total audit hours, indicating that the primary auditor, Grant Thornton LLP, covered at least 95% of the audit.
6

Kind to Animals

0

No evidence available to assess Veritone, Inc. on Kind to Animals.

No War, No Weapons

-50

Veritone has a contract with the Air Force Office of Special Investigations (AFOSI) to implement its aiWARE platform, iDEMS, and professional services, indicating involvement with the military sector

1
. The aiWARE platform, used for AI/ML model testing and evaluation, has dual-use potential, which could be adapted for military purposes
2
. While the company has AI principles for responsible AI development
3
, insufficient evidence exists regarding specific ethical safeguards for military applications or the percentage of revenue derived from defense contracts. The $249 million BPA for AI technology also points to significant government contracts
4
. Given the AFOSI contract and dual-use potential, a score of -50 reflects a partial misalignment with the 'No War, No Weapons' value. Further investigation is needed to determine the existence of ethical red lines coded to prevent military use and the exact revenue from defense contracts.

Planet-Friendly Business

0

The provided articles do not contain specific, quantifiable data regarding Veritone, Inc.'s own operational environmental performance. While the company's AI solutions are designed to help customers reduce energy costs and carbon footprints

1
, and its former energy business (acquired by GridBeyond in June 2023)
2
focused on clean energy transition
3
, there is no evidence on Veritone's direct greenhouse gas emissions, renewable energy usage, water consumption, waste diversion, or any other internal environmental stewardship metrics
4
. Article 5, a proxy statement, explicitly notes the absence of ESG data, SBTi targets, and renewable energy data for the company itself
5
.

Respect for Cultures & Communities

0

No evidence available to assess Veritone, Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

0

No evidence was found in the provided articles to assess Veritone, Inc. against any of the Safe & Smart Tech KPIs. discusses aTyr Pharma's research

1
, and was unable to retrieve data due to throttling.
2

Zero Waste & Sustainable Products

0

No specific, concrete data points were found in the provided articles regarding Veritone, Inc.'s performance on waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.

1
The articles primarily focus on the company's AI software and services
2
or an overall ESG risk rating
3
without delving into specific sustainability metrics relevant to this value.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.