Veritone® Launches AI-Based Object Detection and Tracking Solution for Developers to Rapidly and Accurately Detect Objects in Visual Media

Without Requiring Data Science Expertise, Objectbox™ Provides
Developers a Means to Easily Train and Deploy Highly Customized
Cognitive Engines

COSTA MESA, Calif.–(BUSINESS WIRE)–Veritone Inc. (Nasdaq: VERI), the creator of the world’s first operating
system for artificial intelligence, aiWARE™, today announced the launch
of Objectbox, aiWARE’s newest cognitive engine in the Veritone Machine
Box suite. Objectbox is state-of-the-art machine learning technology
that developers can use to train their own custom object detection
engines. It is a unique tool in the market, accessible to those without
data science expertise, combining advanced object detection capabilities
with a user-friendly interface that allows users to get immediate
feedback on detection efficacy. Objectbox has applications across all
industries utilizing video and image content. It can be deployed with
aiWARE in the cloud or hybrid environments without the need to send data
outside an organization’s firewall.

Object detection is a rapidly growing part of the computer vision
industry, which is projected to grow to $48.6
billion by 2022. Objectbox can quickly detect selected objects with
precision, saving users valuable time and resources. In the media and
entertainment industry, for example, a broadcaster using Objectbox
within aiWARE can inform its advertising clients when their logo
appeared during a sporting event broadcast, how long it appeared on
screen and how big the logo was, and can provide audience analytics —
valuable information that helps the broadcaster demonstrate their
client’s ad spend ROI. Unlike many cognitive engines, Objectbox can run
locally, avoiding the need to publish the user’s content to the cloud,
which helps to address many privacy or legal concerns. This is of
particular importance for government, legal and law enforcement users
relying on the technology to aid efforts like eDiscovery, surveillance
and suspect identification.

“At Veritone, we are democratizing AI and believe that it will play an
increasingly larger role in helping to solve some of our world’s most
complicated challenges. Our unique AI operating system, aiWARE, together
with the hundreds of powerful cognitive engines like Objectbox, and the
growing list of applications on the platform, provides a configurable AI
infrastructure that is steadily changing how people and organizations
understand and extract valuable insights from their ever-growing volumes
of data,” said Chad Steelberg, Veritone Co-Founder and CEO. “Augmenting
our AI platform with Objectbox offers our customers an incredibly
easy-to-use solution for culling through vast amounts of video and
imagery to find the objects they are seeking faster, accelerating and
augmenting their business-critical workflows.”

How Objectbox Works

Objectbox allows developers to train detectors with their own content
containing the desired objects to be detected, then deploy the resulting
customized cognitive engine within aiWARE. Accuracy can be extremely
high because the developer can use samples from their own video and
image data to train the detector via a simple user interface, which
provides immediate feedback and allows for additional training to
further improve detection accuracy, if desired. After training against a
few examples of objects in each scenario, Objectbox learns what that
object looks like and can detect it in future images or video with great
precision. For example, users can quickly and easily add a new brand or
logo to their library, and train the engine to identify partial faces or
body parts or highlight only certain sections of a video frame such as a
scoreboard or news ticker.

Once trained on a customer’s data, Objectbox is easily deployable. The
developer downloads the training file with one-click in the user
interface and stores it in a location of their choice with a link
accessible to aiWARE. When combined with aiWARE, Objectbox users will
benefit from a production-ready environment with object detection output
leverageable in an AI-enabled application or custom workflow. With the
Veritone Ecosystem, users have the option to use Objectbox or a
third-party engine partner for object detection based on their use case.

Objectbox is the first new cognitive engine released by Machine Box for
aiWARE since its acquisition
by Veritone in September 2018. Two of Veritone’s newest industry
applications, Veritone
IDentify and Veritone
Redact, are already leveraging Objectbox, enabling users to identify
objects and faces in visual media rapidly and with ease.

About Objectbox

Objectbox is aiWARE’s newest cognitive engine for object detection and
can be easily trained with developers’ specific data sets to yield
greater accuracy. Key benefits include:

• Ease of use — Simple to train on customer data and easy to
  deploy regardless of skill level or knowledge.
• Fast to market — Can be downloaded, trained and deployed in
  minutes.
• Accuracy through trainability — User interface allows users to
  train Objectbox with use case-specific data sets and receive immediate
  feedback.
• Portable deployment — Multiple deployment models available for
  cloud and hybrid environments.

To see an online demo of the product, please visit the Veritone
website.

Objectbox will be made available as a part of the Veritone Cognitive
Engine Ecosystem for existing and new aiWARE accounts to leverage.
Developers can trial Objectbox in minutes for free at machinebox.io/docs/objectbox.
To get started, contact Veritone about deploying Objectbox within the
aiWARE enterprise-ready production environment at unlock.veritone.com/machine-box-enterprise.

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 growth of the
computer vision industry and the expected benefits to customers of
Veritone’s Objectbox technology. 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.

Contacts

VERITONE
RAISE Communications
Cari Sommer, 646.480.6783
cari@raisecg.com