Veritone, Inc. (NasdaqGM:VERI) acquired VocaliD, Inc. on June 10, 2022. Under the transaction, Founder and Chief Executive Officer, Rupal Patel and the VocaliD team will join Veritone's Commercial Enterprise division.

Veritone, Inc. (NasdaqGM:VERI) completed the acquisition of VocaliD, Inc. on June 10, 2022. The total purchase consideration was $3.609 million, which consisted of cash payments of $1.61 million at closing and deferred cash payments to be made in 2023 totaling $2 million, which deferred payments were estimated to have a fair value of $1.785 million as of the acquisition date.