Tech Company Financing Transactions
VerAI Discoveries Funding Round
VerAI Discoveries, based in Needham, secured $24 million in investment from Insight Venture Partners, Blumberg Capital and Chrysalix Venture Capital.
Transaction Overview
Company Name
Announced On
2/26/2025
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series B
Investors
Proceeds Purpose
The new capital will help accelerate the testing and economic development of VerAI's 60+ mineral projects with its exploration and development partners, while expanding the company's portfolio and continuing to refine and advance its platform.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
75 2nd Ave 605
Needham, MA 02494
USA
Needham, MA 02494
USA
Phone
Undisclosed
Website
Email Address
Overview
VerAI is committed to accelerating the global zero-carbon transformation by discovering the minerals essential for our sustainable future. We are disrupting the Mineral Exploration Industry by deploying a revolutionary Artificial Intelligence Platform that detects concealed mineral deposits in the underexplored blue-ocean of covered terrain.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yair Frastai
Chief Technical Officer
Uri Merhav
Co-Founder
Amitai Axelrod
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We report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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