June 30, 2023 – Veritone Inc Energy Business was acquired by GridBeyond, a leading provider of energy management solutions. This strategic move has resulted in the seamless integration of Veritone Energy’s AI-powered technology and energy expertise into GridBeyond’s extensive energy solutions portfolio. As a result, GridBeyond is now able to offer an even more comprehensive and powerful suite of energy intelligence tools to its global customer base.
With Veritone Energy’s solutions fully incorporated into GridBeyond’s platform, organizations worldwide can now benefit from unparalleled capabilities in achieving their sustainability objectives while optimizing energy for revenues and cost efficiencies.
Through this acquisition, GridBeyond has solidified its position as a leader in the energy management space, delivering unmatched value and innovation to its customers. The combined strengths of GridBeyond and Veritone Inc Energy Business pave the way for a sustainable and intelligent energy future.
Michael Phelan, GridBeyond Chief Executive Officer and Co-Founder commented:
“By combining the capabilities of both organizations, we offer customers a comprehensive suite of energy management and energy trading solutions that leverage the power of AI and machine learning. The acquisition will also enable GridBeyond to expand its reach in North America and strengthen its position as a global leader in optimisation and management of distributed energy assets.”