Credit: Shutterstock photoVeritone, which is developing a platform that analyzes unstructured media data, filed on Wednesday with the SEC to raise up to $15 million in an initial public offering. The company claims that its proprietary artificial intelligence platform unlocks the power of cognitive computing.
The Newport Beach, CA-based company was founded in 2014 and booked $9 million in revenue for the 12 months ended December 31, 2016. It plans to list on the Nasdaq under the symbol VERI. Veritone filed confidentially on November 14, 2016. Wunderlich Securities and Craig-Hallum Capital Group are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Machine learning to IPO: Veritone files for a $15 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
