Monday, August 13, 2018

Wazee Digital Acquired By Veritone

Denver-based Wazee Digital, which provided cloud-based video management and licensing services, has been acquired by Veritone, a developer of artificial intelligence software used to analyze audio, video and other data sources. Veritone said it paid $15.0M for Wazee Digital, split between $7.5M in cash and $7.5M in Veritone common stock. Wazee Digital had net revenues of over $19M in 2017, according to the companies. Wazee Digital was advised by Waller Capital Partners in the deal; Veritone was advised by GCA Advisors.