VRIFY Lands $12.5M Series B to Advance DORA, the World's First AI-Assisted Mineral Discovery Platform
- Editor
- Feb 27
- 1 min read
Whats Happening:
VRIFY Technology Inc. has raised CAD$12.5 million in Series B funding to accelerate the adoption of DORA, its AI-Assisted Mineral Discovery Platform. The round was led by LGVP, with continued support from previous investors. This brings VRIFY's total funding to over CAD$30 million. The company plans to unveil DORA publicly at the 2025 PDAC Convention on March 3, 2025.
Key Moves:
VRIFY raises CAD$12.5 million in Series B funding
DORA to be publicly unveiled at 2025 PDAC Convention
26 early-adopter clients already using DORA
By The Numbers:
Total funding now over CAD$30 million
26 early-adopter clients using DORA
Nearly 200 companies across 70 countries partnering with VRIFY
Key Quotes:
"The urgency to discover new precious metal and critical mineral deposits has never been greater." - Steve de Jong, Founder & CEO of VRIFY
"Artificial intelligence in mineral exploration isn't some future concept — it's happening now." - Steve de Jong
"We are not here to replace geologists and their vast knowledge of a project. We are here to supercharge that knowledge through a tool that enhances exploration accuracy, improves discovery rates, builds investor confidence, and makes the sector more attractive to investment." - Jean-Philippe Paiement, CTO at VRIFY
Bottom Line:
VRIFY's successful Series B funding round positions the company to lead in AI-assisted mineral discovery. With DORA, VRIFY aims to transform the mineral exploration industry by combining AI technology with deep geological expertise. This could potentially accelerate mineral discoveries, crucial for meeting global demand for precious metals and critical minerals.
Comments