Veritone prices its IPO between $17M and $20M

Newport Beach-based Veritone, a startup that uses artificial intelligence, or AI, to analyze audio and video data, will sell 1.25 million shares of common stock in its initial public offering, according to a filing with the Securities and Exchange Commission.
The stock will be priced at $14 to $16 a share, putting the value of the IPO at $17.5 million to $20 million.
In its SEC filing, the company estimated its net proceeds from the stock sale would be $15.7 million, or $18.3 million if the