Fundraising Fox
/Companies
Sign in

Verai

Needham, US · Founded 2020 · 20 employees on LinkedIn · 5 known investors

Find your way into Verai

Sign up to see every warm intro you have to Verai

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Verai team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Sign up with GoogleAlready have an account? Log in

VerAI Discoveries applies data science and AI to mineral exploration and real-asset discovery, drawing on expertise from geoscience and defense intelligence. It serves the mining and mineral asset sector.

AI & Machine LearningDeep TechNew Materials

Founders & leadership

AAAmitai Axelrod
Amitai AxelrodCo-Founder, Chief Operating Officer | DirectorAmitai Axelrod is an operations executive with over 20 years of experience across multiple continents in business building and operations. He has spent the past decade leading work in critical minerals exploration.
YFYair Frastai
Yair FrastaiCo-Founder & CEO

Board

JHJeff Horing
Jeff HoringBoard directorCo-founder & Managing Director at Insight Partners
SGStanton Green
Stanton GreenBoard MemberSenior Director at Blumberg Capital
GBGordon Bogden
Gordon BogdenBoard director
CHCharles Haythornthwaite
Charles HaythornthwaiteBoard directorSenior Partner at Chrysalix
TW
Timothy WarmanBoard directorformer

Investors · 5

Insight Partners✓ confirmed by VeraiNew York · $120M – $350M

How we know: the company's own site · Insight Partners's portfolio page · board seat on SEC Form D · open dataset · 5k.vc investor directory · Not right? Tell us

Orion Resource Partners✓ confirmed by VeraiLondon

How we know: the company's own site · Not right? Tell us

T. Rowe Price✓ confirmed by VeraiBaltimore

How we know: the company's own site · Not right? Tell us

Chrysalixlisted by ChrysalixDelft · $36.5K – $2.9M

Reported raises · per SEC filings

Form D private placements

$39.3M disclosed across 3 rounds · 2021–2025

▶$23.9MraisedFeb 2025 · 13 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Stanton GreenDirector
  • Amitai AxelrodExecutive Officer, Director
  • Timothy WarmanDirector
  • Gordon BogdenDirector
  • Yair FrastaiExecutive Officer, Director
  • Charles HaythornthwaiteDirector
  • Jeff HoringDirector
Offering amount
$25M
Amount sold
$23.9M
First sale
Feb 2025
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$12MraisedOct 2022 · 7 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Stanton GreenDirector
  • Amitai AxelrodExecutive Officer, Director
  • Charles HaythornthwaiteDirector
  • Yair FrastaiExecutive Officer, Director
  • Timothy WarmanDirector
Offering amount
$12M
Amount sold
$12M
First sale
Oct 2022
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.4MraisedApr 2021 · 3 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Amitai AxelrodExecutive Officer, Director
  • Yair FrastaiExecutive Officer, Director
Offering amount
$3.4M
Amount sold
$3.4M
Proceeds to insiders
$650K
First sale
Apr 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 2

VeritoneVeritone builds enterprise AI solutions on its aiWARE platform, converting unstructured audio, video, and other data into searchable intelligence and automated workflows. It serves commercial businesses, public sector and law enforcement agencies, and talent acquisition teams across industries such as media, healthcare, finance, retail, and defense.
VerisVeris provides high-fidelity simulated sandbox environments to develop, stress-test, and train enterprise AI agents without using real customer or production data. It targets regulated industries and enterprises building AI agents on any technology, offering scenario simulation, reinforcement fine-tuning, and reliability evaluation before deployment.

Companies working in the same space as Verai.

Frequently asked questions

What does Verai do?
VerAI Discoveries applies data science and AI to mineral exploration and real-asset discovery, drawing on expertise from geoscience and defense intelligence. It serves the mining and mineral asset sector.
Who are Verai's investors?
Verai's investors include Blumberg Capital, Insight Partners, Orion Resource Partners, T. Rowe Price, Chrysalix.
How much funding has Verai raised?
Verai has disclosed $39.3M raised across 3 rounds.
Where is Verai headquartered?
Verai is headquartered in Needham, US.