TLDR: Veritone, Inc. (NASDAQ: VERI) has been awarded a sole-source contract by the U.S. Air Force Office of Special Investigations (AFOSI) to deploy its AI-powered aiWARE platform and Intelligent Digital Evidence Management System (iDEMS). This five-year potential agreement, initially for one year with four option years, aims to modernize AFOSI’s investigative workflows, enhance data analysis, and improve real-time situational awareness for critical law enforcement, counterintelligence, and security missions.
DENVER, CO – Veritone, Inc. (NASDAQ: VERI), a leader in human-centered enterprise AI solutions, announced on June 25, 2025, that it has secured a significant sole-source contract with the U.S. Air Force Office of Special Investigations (AFOSI). This strategic agreement is set to revolutionize AFOSI’s investigative capabilities through the deployment of Veritone’s cutting-edge aiWARE platform and Intelligent Digital Evidence Management System (iDEMS), complemented by professional services.
The contract, which spans an initial one-year term with four additional option years, provides a potential five-year engagement, underscoring the long-term commitment to enhancing national security and law enforcement operations within the Department of Defense. The implementation of Veritone’s AI tools is designed to significantly improve how AFOSI handles investigations and security tasks, offering advanced capabilities for data analysis and workflow acceleration.
Veritone’s aiWARE platform serves as an AI operating system, intelligently and securely orchestrating hundreds of best-of-breed cognitive and generative models. It is adept at transforming vast amounts of unstructured data, including text, audio, and video, into actionable intelligence. Built upon aiWARE, the iDEMS suite is a comprehensive, purpose-built application designed specifically for the public sector. It leverages AI to streamline the management and analysis of digital evidence, providing AFOSI with powerful forensic tools to process large datasets quickly and accurately.
This deployment will enable AFOSI to automate work, manage digital evidence more rapidly, and track important data in real-time across various mission areas, including counterintelligence, security, and international investigations. The initiative aligns with the Department of Defense’s broader efforts to modernize law enforcement and strengthen national security, with AFOSI taking a leading role in rolling out this advanced technology.
Jon Gacek, General Manager of Public Sector at Veritone, commented on the award, stating, “This contract further expands Veritone’s existing role with AFOSI as a trusted solution provider for the U.S. Department of Defense and law enforcement agencies. By leveraging our aiWARE platform and iDEMS suite, we are equipping AFOSI with cutting-edge AI applications to modernize investigative workflows and strengthen operations. We look forward to supporting their mission with scalable, secure and rapidly deployable AI-powered capabilities.”
This agreement marks another milestone in Veritone’s expanding footprint within U.S. federal law enforcement and defense agencies. The company recently achieved ‘Awardable’ status through the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace, which includes the availability of Veritone’s Illuminate, Redact, and Track solutions. Software deliverables under this contract are expected to be recognized starting in Q2 2025.
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Financially, Veritone’s fiscal 2025 guidance projects revenues between $104 million and $115 million, an increase from $86 million in 2024. The company also anticipates narrowing its non-GAAP net loss to between $20 million and $30 million, down from $41 million in 2024, with potential profitability targeted by late 2026, driven by cost-reduction initiatives and growing public sector revenues.
