Last updated 2026-08-24
- Raised $24M Series B led by Insight Partners, Feb 2025
- Raised $12M Series A led by Blumberg Capital, Mar 2023
- Raised $3.6M Seed round led by Blumberg Capital, Apr 2021
Total raised
$39.6M
Stage
—
Founded
2020
Headcount
—
HQ
Boston, United States
Sector
Mining
About
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's platform detects concealed mineral deposits in underexplored covered terrain, reducing risk and cost while increasing the likelihood of discovery. VerAI partners with leading 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.
Funding history · 3 rounds · $39.6M total
2025-02
B Round
$24.0M
★ Insight PartnersQuantum PacificBlumberg CapitalT. Rowe Price AssociatesChrysalix Venture CapitalOrion Industrial VenturesOrion Resource Partners (OIV)
2023-03
A Round
$12.0M
★ Blumberg Capital★ Orion Resource Partners★ T. Rowe Price Associates★ Chrysalix Venture Capital
2021-04
Seed
$3.6M
★ Blumberg Capital★ Insight Partners★ T. Rowe Price Group★ Orion Systems Integrators★ Chrysalix Venture Capital
Q&A
- What is VerAI Discoveries Inc.'s primary business?
- VerAI Discoveries Inc. is an AI-driven mineral asset company that uses its proprietary AI Discovery Platform to identify and build an asset portfolio of high-probability locations for concealed mineral deposits.
- When was VerAI Discoveries Inc. founded?
- VerAI Discoveries Inc. was founded in 2020.
- Where is VerAI Discoveries Inc. headquartered?
- VerAI Discoveries Inc. is headquartered in Boston, United States.
- How much funding has VerAI Discoveries Inc. raised in total?
- VerAI Discoveries Inc. has raised a total of $36,000,000.
- When did VerAI Discoveries Inc. complete its Series A funding round and who were the lead investors?
- In March 2023, VerAI Discoveries Inc. completed an A Round of $12,000,000. Lead investors included Blumberg Capital and Orion Resource Partners.
- When did VerAI Discoveries Inc. complete its Series B funding round and who was the lead investor?
- In February 2025, VerAI Discoveries Inc. completed a B Round of $24,000,000, led by.
- Who are the co-founders of VerAI Discoveries Inc.?
- The co-founders of VerAI Discoveries Inc. are Yair Frastai, who serves as CEO and Co-Founder, and Amitai Axelrod, who serves as COO and Co-Founder.
- What technologies does VerAI Discoveries Inc. utilize?
- VerAI Discoveries Inc. utilizes an AI-driven discovery platform and Machine Learning.
Team · 18
Yair Frastai
Founder · CEO and Co-Founder, Board Director
Amitai Axelrod
Founder · COO and Co-Founder, Board Director
Greg Tully, Ph.D.
VP of Product
Matthew Grainger
VP of Value Creation and Portfolio Management
Gordon Bogden
Chairman of the Board
Jeff Horing
Board Director, Co-founder and Managing Director, Insight Partners
Stanton Green
Board Director, Senior Director at Blumberg Capital
Charles Haythornthwaite, Ph.D.
Board Director, Senior Partner at Chrysalix Venture Capital
Steven Poulton
Strategy and Portfolio Advisor
Cynthia Rudin, Ph.D.
Data Science Advisor
Polina Golland, Ph.D.
Data Science Advisor
Jamie Wilkinson, Ph.D.
Geoscience Advisor
Tim Beale
Geoscience Advisor
Juan Carlos Castelli
Geoscience Advisor
Mark Barton, Ph.D.
Geoscience Advisor
Francisca Maepa, Ph.D.
Geoscientist
Mike Hendrickson
Director of Generative
Michael Ray
Director of Finance
Sectors & technology
Primary sector
Mining
Technologies
Target customers
Business model
AI-driven mineral asset generatorPartnerships for asset development
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | ver-ai.com |
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Identifiers & details
| Legal name | VerAI Discoveries, Inc. |
|---|---|
| Founded | 2020 |
Radar intelligence
Web history (Wayback)
| Domain | ver-ai.com |
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