| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Ai |
| Collapse type | Mass Layoff Spiral |
| Founder | Chad Steelberg |
Veritone (AIWare Enterprise Division)
"Projected $100M in enterprise AI revenue, delivered $12M — Nasdaq delisting warnings followed."
Cascading layoffs that accelerated the decline
Key Events Timeline
Veritone's AIWare enterprise licensing division, launched in 2018 to sell its AI orchestration infrastructure to Fortune 1000 companies, burned $60M over four years without achieving breakeven.
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