VerAI Discoveries operates a proprietary AI Discovery Platform engineered to detect concealed mineral deposits beneath covered terrains such as dense forests, ice sheets, gravel layers, and young rock formations. The company has built a portfolio of more than 60 mineral projects and holds multiple royalties across North and South America. VerAI partners with industry investors and explorers to test and develop its high-probability targets. The firm says its technology reduces exploration risk and cost while increasing the likelihood of discovery in underexplored covered terrain. The new capital is intended to accelerate testing and the economic development of its project portfolio, expand the company’s assets, and continue refining and advancing its platform. Leadership highlights in the article include CEO and Co‑Founder Yair Frastai. VerAI Discoveries develops an AI-based mineral asset generator that applies machine learning to improve mineral exploration. Its approach analyzes magnetic, gravimetric, electromagnetic, and seismic data to surface targets previously concealed to human-centric techniques. The company says this method detects deposits at a rate two orders of magnitude more effective than traditional, human-led techniques. VerAI maintains a deep partner ecosystem to accelerate the ability to leverage discovered mineral deposits. It positions its technology as helping to lead the green-energy transition by improving access to critically needed minerals. VerAI is based in Boston, MA and recently completed a $12M Series A financing.

Total raised

$36M

Funding rounds

2

Latest round

Series B

Latest activity

Feb 2025