VerAI Discoveries Secures $24 Million in Series B Funding to Grow Its Global Asset Portfolio of AI-Based Mineral Discoveries

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.”

Read the full announcement