VRIFY Raises $12.5M Series B to Accelerate AI Adoption in Mineral Exploration
VRIFY is revolutionizing mineral exploration by combining AI and industry expertise to enhance decision-making in the mining sector.
Company Name: VRIFY
Location: Vancouver, BC, Canada
Industry: Mineral Exploration
Funding Details:
- Amount: $12.5M (Series B)
- Investors:
- Lead: LGVP
- Participants: RCF Innovation, Beedie Capital
Purpose of Investment:
- Accelerate industry-wide adoption of its AI-driven mineral discovery platform
Leadership:
- CEO & Founder: Steve de Jong
Product:
VRIFY provides DORA, an AI-assisted mineral discovery platform that enables mining companies to:
- Predict mineral deposits with greater accuracy
- Assess exploration potential efficiently
- Communicate project value to investors
- Secure investment through AI-driven insights
About the Company:
VRIFY is revolutionizing mineral exploration by combining AI and industry expertise to enhance decision-making in the mining sector. The company currently partners with nearly 200 companies across 70 countries, including 26 early-adopter clients. Its team consists of over 100 geoscientists, data scientists, developers, and industry professionals working to redefine mineral exploration through technology.
