Veritone, Inc. filed an amendment to its June 10, 2026 Form 8-K to provide estimated costs for a restructuring plan initiated on that date. The company estimates total charges of $4.6 million to $5.3 million, comprising $3.9 million to $4.5 million in employee transition and severance costs, and $0.7 million to $0.8 million in exit costs from terminating third-party agreements. Veritone has already incurred $4.5 million of these restructuring charges through June 30, 2026, with the remainder expected through the first half of 2027. The company operates in the artificial intelligence industry, providing an AI-powered operating system for enterprise data management and automation.

Veritone, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 4.6% year-over-year to $24.3 million, while Annual Recurring Revenue (ARR) remained flat at $62.0 million. The company completed the first phase of its restructuring plan, incurring $4.5 million in expenses that delivered $11.3 million in annualized cost reductions. Management targets an additional $3.5 million to $8.5 million in savings by year-end 2026. Full-year 2026 revenue guidance is set between $100 million and $115 million, with a projected non-GAAP net loss of $22.0 million to $32.0 million. Veritone operates in the enterprise artificial intelligence software industry, providing AI solutions that transform unstructured data into actionable intelligence.

On July 14, 2026, Ryan Steelberg, the President, CEO, and Chairman of the Board, voluntarily reduced his annual salary by 50%, decreasing it from $665,000 to $332,500. This action aims to support the company's cost reduction initiatives following a realignment of its business and operating cost structure. Veritone, Inc. provides artificial intelligence software and services.

At its annual meeting on July 7, 2026, Veritone, Inc. stockholders approved an amendment to the Certificate of Incorporation increasing the number of authorized shares of Common Stock from 150,000,000 to 225,000,000, effective July 10, 2026. Stockholders also approved the Second Amended 2023 Equity Incentive Plan, which increases the shares authorized for issuance under the plan by 3,000,000. Additionally, the company approved the grant of time-based and performance-based RSU awards to CEO Ryan Steelberg. Veritone operates in the technology industry, providing AI-powered software for audio and video intelligence.

Veritone, Inc. announced a restructuring plan initiated on June 10, 2026, to reduce operating expenses by up to 30% through a workforce reduction of at least 25% and lower third-party costs. The workforce reduction is expected to be substantially completed by late July 2026. Veritone, Inc. is an artificial intelligence software company.