Latest news with #VerAI
Yahoo
6 days ago
- Business
- Yahoo
VerAI Discoveries to Sponsor and Participate in THE Mining Investment Event in Quebec City
Boston, Massachusetts--(Newsfile Corp. - June 2, 2025) - VerAI Discoveries (VerAI), a pioneering AI-driven mineral asset company, is pleased to announce our sponsorship and participation in THE Mining Investment Event, taking place June 3-5, 2025 in Québec City, Canada. Yair Frastai, CEO; Gordon Bogden, Chairman; and Matthew Grainger, Vice President of Portfolio Management, will represent VerAI Discoveries at the event. Mr. Bogden and Mr. Grainger will be featured panelists during the event. Recognized as Canada's only Tier I global mining investment conference, THE Mining Investment Event is an exclusive, invitation-only gathering, independently sponsored by the Government of Québec, along with leaders from the financial and mining sectors. The event brings together leading voices in mineral exploration, mining innovation, and investment strategy. We are honored that both Mr. Bogden and Mr. Grainger have been invited to participate in high-profile panel discussions during the event: Gordon Bogden, Chairman of VerAI Discoveries, will join THE Investment Panel on Tuesday, June 3, from 2:15 PM to 3:00 PM EDT, where he will share his expertise on global investment trends and capital strategies within the mining industry. Matthew Grainger, VP of Portfolio Management, will be a featured panelist on THE Future of Mining Panel, scheduled for Wednesday, June 4, from 11:00 AM to 11:30 AM EDT. Mr. Grainger will provide insights into innovation, exploration technology, and the evolving dynamics of the mining sector. About VerAI Discoveries, Inc. VerAI Discoveries (VerAI) is an AI-driven mineral asset company that leverages its proprietary AI Discovery Platform to systematically identify and build an asset portfolio of high-probability locations of concealed mineral deposits. The company owns a rapidly growing portfolio of over sixty mineral projects and multiple royalties across North America and South America. By focusing on underexplored covered terrain within prime mining jurisdictions, VerAI dramatically increases the probability of discovering substantial deposits while mitigating economic risk. The company partners with leading industry investors and explorers to develop its global asset portfolio of base and precious metals targets, unlocking value and contributing to the global supply of critical minerals. For more information, visit About THE Mining Investment EVENT THE Mining Investment EVENT is Canada's Only Tier I Global Mining Investment Conference, held annually in Québec City, Canada. THE Event hosts over 100 participating mining companies, is invitation only and is independently sponsored by the Government of Québec, and financial and mining communities at large. It is designed to specifically facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. THE Event is committed to promoting sustainability in the mining industry via education and innovation through its unique Student Sponsorship and SHE-Co Initiatives, highlighting ESG and equality issues, and providing a platform for some of the most influential thought leaders in the sector. ### Media Contact:Amie Cavarra303-358-5452| To view the source version of this press release, please visit Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
26-02-2025
- Business
- Yahoo
VerAI Discoveries Secures $24 Million in Series B Funding Led by Insight Partners to Grow Its Global Asset Portfolio of AI-Based Mineral Discoveries
BOSTON, Feb. 26, 2025 /PRNewswire/ -- VerAI Discoveries (VerAI), a pioneering AI-driven mineral asset company, is pleased to announce a $24 million first closing of its Series B round. The investment was led by Insight Partners, a global software investor specializing in high-growth technology and software investments, with continued support from existing investors Blumberg Capital, Chrysalix Venture Capital, and Orion Industrial Ventures. 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. "This is a pivotal moment for VerAI," said Yair Frastai, CEO and Co-Founder of VerAI Discoveries. "This new round of funding endorses our proprietary and validated AI-driven discovery platform that has generated a portfolio of high-probability mineral projects in underexplored covered terrains, while unlocking substantial value in resource development in an industry that has long relied on traditional exploration methods. We welcome Insight Partners' support and the continued support of our existing investors, which allows us to drive innovation and develop our asset portfolio to meet the global demand for critical minerals." VerAI's proprietary AI Discovery Platform is engineered to identify concealed deposits of critical minerals with high levels of accuracy. Unlike conventional exploration methods, VerAI technology detects hidden mineralization beneath covered terrains, including dense forests, ice sheets, gravel layers, and young rock formations - reducing risk and cost while increasing the likelihood of discovery. Jeff Horing, Co-Founder and Managing Director at Insight Partners, will be joining VerAI's Board of Directors. "VerAI Discoveries is helping unlock value in the mineral exploration sector, an area where innovation has traditionally lagged," said Horing. "Their AI platform can transform how the world discovers and develops critical mineral resources essential for global economic growth, energy independence, and advanced defense solutions. We are excited to partner with VerAI's strong leadership team as they scale their technology." About VerAI Discoveries, Discoveries (VerAI) is an AI-driven mineral asset company that leverages its proprietary AI Discovery Platform to systematically identify and build an asset portfolio of high-probability locations of concealed mineral deposits. The company owns a rapidly growing portfolio of over sixty mineral projects and multiple royalties across North America and South America. By focusing on underexplored covered terrain within prime mining jurisdictions, VerAI dramatically increases the probability of discovering substantial deposits while mitigating economic risk. The company partners with leading industry investors and explorers to develop its global asset portfolio of base and precious metals targets, unlocking value and contributing to the global supply of critical minerals. For more information, visit About Insight PartnersInsight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of September 30, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit or follow us on X @insightpartners. Media Contact:Amie View original content to download multimedia: SOURCE VerAI Discoveries, Inc. Sign in to access your portfolio
