# VerAI Discoveries

> VerAI Discoveries is a Boston-based AI mineral-discovery company that uses machine learning to detect concealed metal deposits hidden beneath covered terrain - forests, ice sheets, gravel and young rock - that conventional exploration misses. By analyzing magnetic, gravimetric, electromagnetic and seismic data, its proprietary AI Discovery Platform generates high-probability, drill-ready targets faster and far cheaper than traditional methods, then advances a 60+ project portfolio of critical-mineral assets through joint ventures and partnerships across North and South America.

- **Founded:** 2020
- **Headquarters:** Boston, Massachusetts, United States
- **Founders:** Yair Frastai (Co-Founder & CEO), Amitai Axelrod (Co-Founder & COO)
- **Team size:** ~19 employees
- **Products:** AI Discovery Platform, Mineral Asset Portfolio & Joint Ventures, Strategic Exploration Alliances
- **Notable:** Raised $39.4M total, including a $24M Series B led by Insight Partners (2025)., Assembled a portfolio of 60+ mineral projects plus royalties across the Americas., Developed a validated AI platform claimed to improve discovery probability by two orders of magnitude.

## Products & services

- **AI Discovery Platform** — Proprietary machine-learning platform that ingests magnetic, gravimetric, electromagnetic and seismic geoscience data to detect concealed mineralization under covered terrain and generate high-probability, drill-ready targets - reportedly improving discovery probability by two orders of magnitude while cutting early-stage cost by over 90% and compressing timelines from years to weeks.
- **Mineral Asset Portfolio & Joint Ventures** — VerAI identifies and stakes 100%-owned mineral projects, then advances them via earn-in joint ventures with exploration and mining partners. Portfolio exceeds 60 projects plus multiple royalties across North and South America.
- **Strategic Exploration Alliances** — Partnerships that apply the AI platform to select advanced or producing assets held by exploration and mining companies to expand and de-risk their targets.

## Achievements

- Raised $39.4M total, including a $24M Series B led by Insight Partners (2025).
- Assembled a portfolio of 60+ mineral projects plus royalties across the Americas.
- Developed a validated AI platform claimed to improve discovery probability by two orders of magnitude.
- Recognized by industry press as a top AI-powered mineral discovery platform.

## Latest updates

- **2025-02** — VerAI secured $24M in Series B funding led by Insight Partners to grow its global portfolio of AI-based mineral discoveries; Insight's Jeff Horing joined the board.
- **2023-03** — VerAI raised $12M in Series A led by T. Rowe Price and Orion Resource Partners to expand exploration across the US, Canada, Peru and Chile.

## Links

- Website: https://ver-ai.com
- LinkedIn: https://www.linkedin.com/company/verai
- Twitter/X: https://twitter.com/verai_discover

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Profile page: https://yespress.io/verai-discoveries
Published by YesPress — https://yespress.io
Last updated: 2026-07-17