Veritone Stock Surges 54% on AI Data Contract Wins

Veritone Inc. (VERI) shares skyrocketed 54% in extended trading Tuesday after announcing major contract wins for its Veritone Data Refinery (VDR) product with leading hyperscalers. The enterprise AI solutions provider also raised its Q3 2025 revenue guidance to $28.5-$28.7 million.

The company revealed its VDR solution is being deployed across multiple hyperscalers and venture-backed model developers, transforming unstructured data into license-ready intelligence for generative AI development. CEO Ryan Steelberg positioned Veritone as "a trusted partner for the unstructured training data ecosystem," with plans to formalize partnerships with nearly all major hyperscalers by 2025.

Recent contract wins have boosted Veritone's near-term VDR pipeline to $40 million - a 100% increase since August 2025. The surge reflects growing institutional demand for AI data infrastructure solutions as hyperscalers scramble to secure training data for generative AI models.