NEWPORT BEACH, CALIF.--(BUSINESS WIRE)--
Veritone, Inc., a leading provider of cloud-based artificial intelligence (“AI”) analytics and cognitive solutions, today announced that it has signed an agreement with TuneIn, the world’s largest audio streaming network with over 60 million monthly active users. The agreement provides TuneIn a license to Veritone’s first-of-its-kind Cognitive Media Platform™ (CMP) to index, analyze, search and share TuneIn’s owned and operated content.
The Veritone platform provides near real-time, AI-based media capture, indexing and search capabilities to its clients in the media, sports and broadcast industries. An innovative leader in audio streaming, TuneIn is one of the latest companies to team with Veritone to revolutionize the digital broadcast and streaming industry utilizing innovative AI-based search technologythat provides a secure, scalable and cost-effective platform for managing audio programming.
The Cognitive Media Platform™ enables media organizations to analyze audio and video in near real-time, providing a 360-degree understanding of their media and its value. For TuneIn, being powered by Veritone means they can ensure content yield is being maximized, translating to a higher level of program quality and unlocking creative revenue streams.
As an audio streaming network with a global reach in more than 230 countries and territories, TuneIn offers the world’s best audio experience across sports, news, music and talk genres. Its diverse mix of content includes over 100,000 live radio stations and 5.7 million on-demand programs from podcasts to audiobooks.
With the launch of its Premium subscription service in 2015, TuneIn has ramped up its sports content offerings by securing partnerships with the NFL, NBA, MLB and NHL for carriage of live game broadcasts. These partnerships sparked the launch of TuneIn original programs “NFL No Huddle,” “1st & Goal,” and “MLB on TuneIn LIVE,” and Veritone’s technology will play an instrumental role in growing awareness of these new brands.
“We are excited to leverage the Veritone platform to gain near real-time access to our vast sports, news, talk and music programming,” said Andrew Bock, TuneIn Director of Content Operations. “Veritone’s platform is revolutionary for us. It offers a more efficient way to store, utilize and share our content on a larger scale, which will allow us to better meet the needs of our customers.”
The Veritone platform currently ingests thousands of hours of audio and video content daily, leveraging its powerful suite of over 40 integrated cognitive engines, including natural language processing, logo detection, facial recognition, object detection and more, creating a metadata rich and actionable index.
“Our partnership with TuneIn is significant and groundbreaking for us, as it marks our first streaming customer,” said Ryan Steelberg, President at Veritone. “We are excited to provide market leaders like TuneIn with the ability to analyze their media at scale and in near real-time, freeing them from legacy workflows so they can focus on content creation and revenue generation.”
See Veritone President Ryan Steelberg discuss How AI Impacts the Media Industry.
Veritone, Inc. is a leading cloud-based Artificial Intelligence (AI) technology company which has developed a proprietary Veritone Artificial Intelligence Platform™. The platform unlocks the power of AI-based cognitive computing to process, transform and analyze data in a seamless, automated manner, enabling clients in the media, enterprise, politics, legal and law enforcement markets to generate actionable intelligence from the world’s public and private audio and video content, which comprises the majority of all global data produced each year. Founded in 2014, Veritone has won several of the industry’s most prestigious awards, including the 2016 Red Herring Top 100 North America Award and the 2016 SIIA Business Technology CODiE Award for Best Native Advertising Platform or Service. To learn more about Veritone, visit www.veritone.com.
TuneIn is the most popular way to listen to streaming audio from around the world. With more than 60 million monthly active users, TuneIn lets people listen to the world’s sports, news, talk, and music from wherever they are. TuneIn has over 100,000 radio stations and more than 5.7 million on-demand programs from around the world, and is available for free across many connected devices. TuneIn Premium lets subscribers listen to the NFL, MLB, NBA, over 60k audiobooks, and commercial-free music stations. TuneIn has venture funding from Comcast Ventures, IVP, Sequoia Capital, Google Ventures, General Catalyst Partners, and Icon Ventures, and is headquartered in San Francisco, California.
Copyright Business Wire 2017