VerAI Discoveries, a Boston, MA-based AI-driven mineral asset company, raised $24M in Series B funding.
The round was led by Insight Partners, with participation from existing investors Blumberg Capital, Chrysalix Venture Capital, and Orion Industrial Ventures.
The company intends to use the funds to accelerate the testing and economic development of its 60+ mineral projects with its exploration and development partners, while expanding its portfolio and continuing to refine and advance its platform.
Led by CEO Yair Frastai, VerAI Discoveries 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 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, it increases the probability of discovering substantial deposits while mitigating economic risk. The company partners with 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.
FinSMEs
27/02/2025