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VerAI uses artificial intelligence to identify concealed mineral deposits and develop exploration opportunities.
Founded in 2020 and based in Massachusetts, VerAI uses machine learning to identify potential mineral deposits in seismic, electromagnetic, and gravimetric data, then secures partners to explore and develop them. In February 2025, it raised USD 24 million in Series B funding led by Insight Partners, with returning investors Blumberg Capital, Chrysalix Venture Capital, and Orion Resource Partners participating. The funds were intended to grow its mineral discovery assets worldwide.
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