VerAI Discoveries
Category: AI in Climate / Energy
VerAI Discoveries uses AI to detect concealed mineral deposits, accelerating the global zero-carbon transformation. VerAI Discoveries was founded in 2020. The company is led by Yair Frastai. Based in Boston, MA, US. Team size: 30. Total funding raised: $39.4 Million. Latest round: Series B. Key investors include Insight Partners.
- Founded
- 2020
- Headquarters
- Boston, MA, US
- Team size
- 30
- Total funding
- $39.4 Million
Value proposition
Reduces exploration costs and shortens discovery timelines by using a proprietary AI/ML platform to identify high-probability mineral targets under covered terrains.
Products and solutions
AI/ML Discovery Platform
Unique value
Utilizes a proprietary AI/ML discovery platform to detect concealed, high-probability mineral deposits in underexplored, covered terrains.
Target customer
Mining companies and organizations involved in the green energy transition
Industries served
Mining, Green Energy
Technology advantage
Revolutionary AI-driven targeting technology that increases discovery probabilities by orders of magnitude while significantly reducing exploration costs and time.
How they differentiate
Focuses exclusively on AI-driven, data-centric exploration to reveal deposits hidden under covered terrain, delivering faster and more cost-effective targeting than traditional methods.
Main competitors
Other AI-driven mineral exploration startups, Traditional mineral exploration companies adopting conventional methods
Key partnerships
US Critical Materials
Notable customers
US Critical Materials
Major milestones
Completed $12M Series A funding round Secured $24M Series B funding led by Insight Partners Executed strategic partnership with US Critical Materials
Growth metrics
Not publicly disclosed
Market positioning
Leader in AI-powered mineral asset generation for the green energy transition
Geographic focus
Global, with strategic operations and partnerships in key mining jurisdictions such as the US
Patents and IP
Not publicly disclosed
About Yair Frastai
Yair Frastai is the Co-Founder and CEO of VerAI Discoveries, a company that uses AI to find mineral deposits. He has a background in the Israeli Intelligence special operations forces, where he worked on paradigm shifts in planning and operations. For the last 10+ years, he has been an executive in the mining sector, leading mineral exploration and operations in the Americas. He has also led research and development of innovative technologies to improve the success rates of mineral exploration, collaborating with top research institutes in the U.S., Canada, Australia, and England.
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Official website: https://ver-ai.com/