VerAI Discoveries Secures $24M Series B to Advance AI-Driven Mineral Exploration

With over sixty mineral projects across North and South America, VerAI focuses on underexplored covered terrain in prime mining jurisdictions to reduce economic risk while increasing discovery success rates.

VerAI Discoveries Secures $24M Series B to Advance AI-Driven Mineral Exploration
Source: Ver.ai

Company Name: VerAI Discoveries
Location: Boston, MA

Funding Details:

  • Amount: $24M (Series B Round)
  • Investors:
    • Lead: Insight Partners
    • Participants: Blumberg Capital, Chrysalix Venture Capital, Orion Industrial Ventures

Purpose of Investment:

  • Accelerate testing and economic development of 60+ mineral projects
  • Expand portfolio with new mineral asset acquisitions
  • Enhance AI discovery platform for higher accuracy in concealed mineral identification

Leadership:

Product:

VerAI Discoveries uses proprietary AI technology to systematically identify high-probability locations of concealed mineral deposits, helping mining investors and exploration firms unlock new reserves.

About the Company:

With a portfolio of over sixty mineral projects across North and South America, VerAI focuses on underexplored covered terrain in prime mining jurisdictions to reduce economic risk while increasing discovery success rates. The company collaborates with industry investors and exploration partners to develop its global asset portfolio for base and precious metals.

Future Plans:

With this funding, VerAI Discoveries aims to expand its mineral portfolio, refine its AI-powered exploration techniques, and increase partnerships with industry leaders to accelerate the development and commercialization of new discoveries.

Read next