Veritone Inc., a provider of enterprise AI solutions, today announced the appointment of Francisco J. Morales to its board of directors, effective March 20.
Morales is the co-founder, executive chairman and former CEO of Costa Mesa-based 5.11 Tactical, which recorded $532 million in sales in 2024. 5.11 is known for selling tactical apparel, footwear, and gear for law enforcement, military, and first responders, serving thousands of agencies and institutions worldwide.
“Veritone’s public sector AI business continues gaining momentum, covering state and local law enforcement and federal government customers,” Morales said in a statement. “I am eager to leverage my knowledge and expertise to support the expansion of this high-growth segment for the business while fulfilling my passion for serving those who protect our communities and country.”
Shares of Veritone, which began in Costa Mesa and is now based in Denver, rose 4.3% to $2.44 in after-hours trading. It has a $104 million market cap (Nasdaq: VERI).