VerAI Discoveries Secures $24 Million for AI-Based Mineral Exploration

VerAI Discoveries has raised $24 million in a Series B funding round led by Insight Partners to expand its AI-driven mineral exploration projects.

VerAI Discoveries has secured $24 million in a Series B funding round led by Insight Partners, announced in a press release. The funding will support the expansion of VerAI's AI-driven mineral exploration projects, which aim to identify concealed mineral deposits with high accuracy.

The investment will accelerate the testing and economic development of VerAI's 60+ mineral projects, as well as expand the company's portfolio. VerAI's proprietary AI Discovery Platform is designed to detect hidden mineralization beneath covered terrains, such as dense forests and ice sheets, reducing exploration risks and costs.

Jeff Horing, Co-Founder and Managing Director at Insight Partners, will join VerAI's Board of Directors, highlighting the strategic importance of this partnership. VerAI's approach to mineral exploration represents a significant shift from traditional methods, leveraging AI to unlock value in underexplored areas.

We hope you enjoyed this article.

Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.

Also, consider following us on social media:

AI Brief
AI Brief (X)

More from: Funding

Subscribe to Daily AI Brief

Daily report covering major AI developments and industry news, with both top stories and complete market updates

Whitepaper

Stanford HAI’s 2025 AI Index Reveals Record Growth in AI Capabilities, Investment, and Regulation

The 2025 AI Index by Stanford HAI provides a comprehensive overview of the global state of artificial intelligence, highlighting significant advancements in AI capabilities, investment, and regulation. The report details improvements in AI performance, increased adoption in various sectors, and the growing global optimism towards AI, despite ongoing challenges in reasoning and trust. It serves as a critical resource for policymakers, researchers, and industry leaders to understand AI's rapid evolution and its implications.

Read more

You May Also Like